WesBanco Inc (NASDAQ:WSBC) EVP Brent E. Richmond sold 4,006 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $45.60, for a total value of $182,673.60. Following the sale, the executive vice president now owns 19,635 shares of the company’s stock, valued at $895,356. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

NASDAQ:WSBC opened at $44.68 on Thursday. WesBanco Inc has a 12 month low of $38.09 and a 12 month high of $51.12. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.93. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 1.47 and a beta of 0.89.

WesBanco (NASDAQ:WSBC) last posted its quarterly earnings results on Monday, July 23rd. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.06. The business had revenue of $105.76 million during the quarter, compared to analyst estimates of $103.37 million. WesBanco had a return on equity of 8.85% and a net margin of 24.38%. During the same period in the prior year, the business earned $0.60 earnings per share. equities research analysts forecast that WesBanco Inc will post 3.09 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Friday, September 7th will be given a $0.29 dividend. The ex-dividend date is Thursday, September 6th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.60%. WesBanco’s dividend payout ratio (DPR) is presently 47.35%.

Several research firms have commented on WSBC. B. Riley boosted their price objective on WesBanco from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 19th. Zacks Investment Research upgraded WesBanco from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Wednesday, May 30th. BidaskClub lowered WesBanco from a “sell” rating to a “strong sell” rating in a research note on Wednesday. ValuEngine upgraded WesBanco from a “hold” rating to a “buy” rating in a research note on Friday, July 20th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of WesBanco in a research note on Friday, September 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $47.40.

Several hedge funds have recently bought and sold shares of WSBC. BlackRock Inc. grew its position in shares of WesBanco by 10.2% in the second quarter. BlackRock Inc. now owns 3,057,652 shares of the financial services provider’s stock valued at $137,715,000 after purchasing an additional 283,756 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of WesBanco by 965.6% in the second quarter. PNC Financial Services Group Inc. now owns 143,860 shares of the financial services provider’s stock valued at $6,480,000 after purchasing an additional 130,360 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of WesBanco by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 3,770,614 shares of the financial services provider’s stock valued at $169,830,000 after purchasing an additional 109,132 shares in the last quarter. Allianz Asset Management GmbH grew its position in shares of WesBanco by 25.6% in the first quarter. Allianz Asset Management GmbH now owns 280,181 shares of the financial services provider’s stock valued at $11,852,000 after purchasing an additional 57,171 shares in the last quarter. Finally, Chicago Equity Partners LLC purchased a new stake in shares of WesBanco in the second quarter valued at approximately $2,563,000. Institutional investors and hedge funds own 59.92% of the company’s stock.

About WesBanco

WesBanco, Inc operates as the holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services in the United States. It operates in two segments, Community Banking, and Trust and Investment Services.

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