WesBanco Inc. (WSBC) Sees Strong Trading Volume
WesBanco Inc. (NASDAQ:WSBC) shares saw unusually-strong trading volume on Wednesday . Approximately 152,869 shares were traded during trading, an increase of 157% from the previous session’s volume of 59,373 shares.The stock last traded at $32.73 and had previously closed at $32.40.
Several equities analysts have recently commented on WSBC shares. Zacks Investment Research cut 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 target on shares of WesBanco and gave the company a “hold” rating in a report on Thursday, July 21st. Finally, Keefe, Bruyette & Woods cut shares of WesBanco to a “market perform” rating in a report on Tuesday, May 10th.
The company has a market cap of $1.26 billion and a price-to-earnings ratio of 13.96. The company’s 50-day moving average is $31.52 and its 200-day moving average is $30.85.
WesBanco (NASDAQ:WSBC) last posted its earnings results on Tuesday, July 19th. The financial services provider reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.03. On average, equities analysts predict that WesBanco Inc. will post $2.31 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Wednesday, September 14th will be issued a $0.24 dividend. The ex-dividend date is Monday, September 12th. This represents a $0.96 annualized dividend and a yield of 2.93%.
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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