WesBanco, Inc. (NASDAQ:WSBC - Get Free Report) EVP Michael L. Perkins sold 1,125 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $34.87, for a total transaction of $39,228.75. Following the sale, the executive vice president now owns 46,817 shares in the company, valued at approximately $1,632,508.79. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
WesBanco Trading Up 0.7 %
Shares of WesBanco stock opened at $35.15 on Friday. WesBanco, Inc. has a twelve month low of $24.55 and a twelve month high of $36.13. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. The business has a 50-day moving average price of $30.79 and a 200-day moving average price of $29.63. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 16.82 and a beta of 0.81.
WesBanco (NASDAQ:WSBC - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. The business had revenue of $243.34 million during the quarter, compared to analysts' expectations of $152.40 million. WesBanco had a return on equity of 5.75% and a net margin of 14.79%. During the same quarter last year, the business posted $0.59 EPS. Equities research analysts anticipate that WesBanco, Inc. will post 2.14 EPS for the current fiscal year.
WesBanco Announces Dividend
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The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend was Friday, September 6th. WesBanco's dividend payout ratio is presently 68.90%.
Institutional Investors Weigh In On WesBanco
A number of hedge funds have recently bought and sold shares of the business. State Board of Administration of Florida Retirement System increased its holdings in shares of WesBanco by 105.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 33,820 shares of the financial services provider's stock worth $1,038,000 after buying an additional 17,345 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in WesBanco during the first quarter valued at approximately $3,555,000. Bank of New York Mellon Corp lifted its stake in shares of WesBanco by 4.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 490,335 shares of the financial services provider's stock valued at $13,685,000 after purchasing an additional 21,297 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of WesBanco by 466.7% in the 2nd quarter. Millennium Management LLC now owns 152,858 shares of the financial services provider's stock worth $4,266,000 after purchasing an additional 125,883 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of WesBanco during the 1st quarter valued at approximately $212,000. Hedge funds and other institutional investors own 61.41% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on WSBC shares. DA Davidson lifted their target price on shares of WesBanco from $35.00 to $42.00 and gave the company a "buy" rating in a research note on Monday, July 29th. Royal Bank of Canada reissued a "sector perform" rating and set a $35.00 price target on shares of WesBanco in a report on Monday, September 9th. Stephens upped their price objective on WesBanco from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Monday, October 28th. Keefe, Bruyette & Woods lifted their target price on WesBanco from $30.00 to $34.00 and gave the company a "market perform" rating in a research note on Thursday, August 1st. Finally, Hovde Group boosted their price target on WesBanco from $34.00 to $38.00 and gave the stock an "outperform" rating in a report on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $36.17.
Get Our Latest Stock Report on WSBC
WesBanco Company Profile
(
Get Free Report)
WesBanco, Inc operates as the bank holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, mortgage banking, and insurance services to individuals and businesses in the United States. The company operates through two segments, Community Banking, and Trust and Investment Services.
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