Insider Selling: WesBanco Inc. (WSBC) Director Sells $41,938.00 in Stock
WesBanco Inc. (NASDAQ:WSBC) Director Charlotte A. Zuschlag sold 1,300 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $32.26, for a total value of $41,938.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
WesBanco Inc. (NASDAQ:WSBC) opened at 32.47 on Wednesday. The company has a 50-day moving average price of $31.97 and a 200 day moving average price of $31.26. The company has a market capitalization of $1.25 billion, a PE ratio of 13.85 and a beta of 0.93. WesBanco Inc. has a 52-week low of $26.93 and a 52-week high of $34.32.
WesBanco (NASDAQ:WSBC) last posted its quarterly earnings data on Tuesday, July 19th. The financial services provider reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.03. WesBanco had a net margin of 26.00% and a return on equity of 7.99%. Equities research analysts anticipate that WesBanco Inc. will post $2.32 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Stockholders of record on Wednesday, September 14th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Monday, September 12th. WesBanco’s dividend payout ratio (DPR) is presently 40.68%.
A number of analysts have recently commented on WSBC shares. FBR & Co set a $32.00 price target on WesBanco and gave the stock a “hold” rating in a research report on Thursday, July 21st. Zacks Investment Research raised WesBanco from a “sell” rating to a “hold” rating in a research report on Saturday.
Several institutional investors have recently modified their holdings of WSBC. Macquarie Group Ltd. raised its position in shares of WesBanco by 3.2% in the second quarter. Macquarie Group Ltd. now owns 1,398,158 shares of the financial services provider’s stock worth $43,413,000 after buying an additional 43,154 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of WesBanco by 1.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 137,629 shares of the financial services provider’s stock worth $4,274,000 after buying an additional 2,514 shares during the period. AQR Capital Management LLC raised its position in shares of WesBanco by 2.9% in the second quarter. AQR Capital Management LLC now owns 22,542 shares of the financial services provider’s stock worth $700,000 after buying an additional 625 shares during the period. Paloma Partners Management Co bought a new position in shares of WesBanco during the second quarter worth approximately $231,000. Finally, Walleye Trading LLC bought a new position in shares of WesBanco during the second quarter worth approximately $191,000. 52.73% of the stock is currently owned by institutional investors and hedge funds.
WesBanco Company Profile
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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