WesBanco Inc. (WSBC) Sees Unusually-High Trading Volume
WesBanco Inc. (NASDAQ:WSBC) shares saw unusually-high trading volume on Friday . Approximately 83,541 shares changed hands during 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.
WSBC has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of WesBanco from a “hold” rating to a “sell” rating in a report on Saturday, July 23rd. FBR & Co set a $32.00 price objective on shares of WesBanco and gave the stock a “hold” rating in a report on Thursday, July 21st. Finally, Keefe, Bruyette & Woods lowered shares of WesBanco to a “market perform” rating in a report on Tuesday, May 10th.
The firm’s 50 day moving average price is $31.25 and its 200 day moving average price is $30.59. The company has a market capitalization of $1.21 billion and a price-to-earnings ratio of 13.48.
WesBanco (NASDAQ:WSBC) last announced its earnings results on Tuesday, July 19th. The financial services provider reported $0.59 EPS for the quarter, topping the consensus estimate of $0.56 by $0.03. On average, equities research analysts expect that WesBanco Inc. will post $2.31 EPS for the current year.
In other WesBanco news, Director Charlotte A. Zuschlag sold 2,400 shares of the business’s stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $32.45, for a total value of $77,880.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Charlotte A. Zuschlag sold 27,600 shares of the business’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 hedge funds have bought and sold shares of 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 worth $1,621,000 after buying an additional 2,025 shares in the last quarter. 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 worth $1,402,000 after buying an additional 22,547 shares in the last quarter. Piermont Capital Management Inc. acquired a new stake in WesBanco during the fourth quarter worth about $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 worth $84,006,000 after buying an additional 125,852 shares in the last quarter.
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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