WesBanco Inc. (WSBC) Shares Bought by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. increased its stake in WesBanco Inc. (NASDAQ:WSBC) by 5.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,252 shares of the financial services provider’s stock after buying an additional 357 shares during the period. PNC Financial Services Group Inc.’s holdings in WesBanco were worth $225,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. boosted its stake in shares of WesBanco by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,003,460 shares of the financial services provider’s stock valued at $29,813,000 after buying an additional 7,624 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of WesBanco by 5.1% in the first quarter. Prudential Financial Inc. now owns 139,983 shares of the financial services provider’s stock valued at $4,159,000 after buying an additional 6,800 shares in the last quarter. Swiss National Bank boosted its stake in shares of WesBanco by 9.7% in the second quarter. Swiss National Bank now owns 60,200 shares of the financial services provider’s stock valued at $1,869,000 after buying an additional 5,300 shares in the last quarter. Commonwealth Equity Services Inc boosted its stake in shares of WesBanco by 1.2% in the second quarter. Commonwealth Equity Services Inc now owns 8,656 shares of the financial services provider’s stock valued at $269,000 after buying an additional 101 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its stake in shares of WesBanco by 5.4% in the second quarter. Glenmede Trust Co. NA now owns 493,951 shares of the financial services provider’s stock valued at $15,336,000 after buying an additional 25,380 shares in the last quarter. 52.73% of the stock is currently owned by hedge funds and other institutional investors.
WesBanco Inc. (NASDAQ:WSBC) traded down 1.06% on Monday, hitting $32.53. 27,135 shares of the stock were exchanged. The stock’s 50 day moving average price is $32.29 and its 200 day moving average price is $31.41. WesBanco Inc. has a 52-week low of $26.93 and a 52-week high of $34.32. The firm has a market cap of $1.25 billion, a PE ratio of 13.88 and a beta of 0.88.
WesBanco (NASDAQ:WSBC) last announced its earnings results on Tuesday, July 19th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. WesBanco had a return on equity of 7.99% and a net margin of 26.00%. Equities research analysts forecast that WesBanco Inc. will post $2.32 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, October 1st. Stockholders of record on Wednesday, September 14th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, September 12th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.92%. WesBanco’s dividend payout ratio (DPR) is 40.68%.
WSBC has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of WesBanco from a “sell” rating to a “hold” rating in a research report on Saturday, September 17th. FBR & Co set a $32.00 price objective on shares of WesBanco and gave the company a “hold” rating in a research report on Thursday, July 21st.
In other news, Director Charlotte A. Zuschlag sold 12,872 shares of the stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $32.66, for a total transaction of $420,399.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Henry L. Schulhoff sold 3,000 shares of the stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $31.85, for a total value of $95,550.00. Following the transaction, the insider now owns 74,376 shares in the company, valued at approximately $2,368,875.60. The disclosure for this sale can be found here. Insiders own 4.22% of the company’s stock.
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.
Want to see what other hedge funds are holding WSBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WesBanco Inc. (NASDAQ:WSBC).
Receive News & Ratings for WesBanco Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WesBanco Inc. and related companies with MarketBeat.com's FREE daily email newsletter.