WesBanco Inc. (WSBC) Sees Unusually-High Trading Volume
Shares of WesBanco Inc. (NASDAQ:WSBC) saw an uptick in trading volume on Friday . 83,541 shares changed hands during mid-day trading, an increase of 48% from the previous session’s volume of 56,469 shares.The stock last traded at $31.60 and had previously closed at $31.65.
Several research firms have commented on WSBC. Zacks Investment Research raised shares of WesBanco from a “sell” rating to a “hold” rating in a report on Wednesday, May 11th. FBR & Co set a $32.00 price target on shares of WesBanco and gave the company a “hold” rating in a report on Thursday, July 21st. Boenning Scattergood lowered shares of WesBanco from an “outperform” rating to a “neutral” rating in a report on Thursday, April 21st. Finally, Keefe, Bruyette & Woods lowered shares of WesBanco to a “market perform” rating in a report on Tuesday, May 10th.
The firm has a market cap of $1.21 billion and a price-to-earnings ratio of 13.48. The company has a 50 day moving average of $31.25 and a 200-day moving average of $30.59.
WesBanco (NASDAQ:WSBC) last released its quarterly earnings data on Tuesday, July 19th. The financial services provider reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.03. Analysts predict that WesBanco Inc. will post $2.31 earnings per share for the current year.
In other WesBanco news, Director Charlotte A. Zuschlag sold 2,400 shares of the company’s stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $32.45, for a total transaction of $77,880.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Charlotte A. Zuschlag sold 27,600 shares of the company’s stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $32.52, for a total transaction of $897,552.00. The disclosure for this sale can be found here.
A number of large investors have added to or reduced their stakes in the stock. Rhumbline Advisers increased its stake in WesBanco by 3.9% in the fourth quarter. Rhumbline Advisers now owns 54,001 shares of the financial services provider’s stock valued at $1,621,000 after buying an additional 2,025 shares during the period. Comerica Bank increased its stake in WesBanco by 37.5% in the fourth quarter. Comerica Bank now owns 50,055 shares of the financial services provider’s stock valued at $1,448,000 after buying an additional 13,643 shares during the period. First Trust Advisors LP increased its stake in WesBanco by 93.3% in the fourth quarter. First Trust Advisors LP now owns 46,718 shares of the financial services provider’s stock valued at $1,402,000 after buying an additional 22,547 shares during the period. Piermont Capital Management Inc. acquired a new stake in WesBanco during the fourth quarter valued at approximately $1,730,000. Finally, Dimensional Fund Advisors LP increased its stake in WesBanco by 4.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,798,318 shares of the financial services provider’s stock valued at $84,006,000 after buying an additional 125,852 shares during the period.
WesBanco, Inc (WesBanco) is a bank holding company. The Company offers a range of financial services, including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking and insurance. WesBanco offers its services through two segments: community banking, which offers services by full-service commercial banks, including commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and certain non-traditional offerings, such as insurance and securities brokerage services, and trust and investment services, which offers trust services, as well as various alternative investment products, including mutual funds.
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