WesBanco, Inc. (WSBC) Shares Sold by State Street Corp
State Street Corp decreased its stake in shares of WesBanco, Inc. (NASDAQ:WSBC) by 3.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 750,455 shares of the financial services provider’s stock after selling 29,339 shares during the period. State Street Corp owned 1.71% of WesBanco worth $28,599,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. BlackRock Inc. raised its stake in WesBanco by 25,298.2% in the first quarter. BlackRock Inc. now owns 2,653,602 shares of the financial services provider’s stock valued at $101,129,000 after buying an additional 2,643,154 shares in the last quarter. Norges Bank acquired a new stake in WesBanco during the fourth quarter valued at about $16,497,000. Vanguard Group Inc. raised its stake in WesBanco by 4.6% in the first quarter. Vanguard Group Inc. now owns 3,461,403 shares of the financial services provider’s stock valued at $131,915,000 after buying an additional 152,785 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in WesBanco by 4.2% in the first quarter. Dimensional Fund Advisors LP now owns 3,322,353 shares of the financial services provider’s stock valued at $126,615,000 after buying an additional 132,877 shares in the last quarter. Finally, Segall Bryant & Hamill LLC raised its stake in WesBanco by 492.1% in the first quarter. Segall Bryant & Hamill LLC now owns 127,092 shares of the financial services provider’s stock valued at $4,843,000 after buying an additional 105,627 shares in the last quarter. 56.64% of the stock is owned by institutional investors.
WesBanco, Inc. (WSBC) traded up 1.09% during midday trading on Friday, reaching $37.97. The company had a trading volume of 45,525 shares. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 17.35 and a beta of 0.94. The firm has a 50-day moving average price of $39.26 and a 200-day moving average price of $39.36. WesBanco, Inc. has a 52 week low of $30.46 and a 52 week high of $44.19.
WesBanco (NASDAQ:WSBC) last issued its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.01. WesBanco had a return on equity of 7.55% and a net margin of 23.44%. The business had revenue of $94.26 million during the quarter, compared to analysts’ expectations of $96.70 million. During the same quarter in the previous year, the company posted $0.58 EPS. Analysts expect that WesBanco, Inc. will post $2.45 EPS for the current fiscal year.
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Several equities research analysts recently issued reports on WSBC shares. Zacks Investment Research raised WesBanco from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Wednesday, June 28th. BidaskClub lowered WesBanco from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. Stephens reissued an “overweight” rating on shares of WesBanco in a research note on Tuesday, April 11th. DA Davidson raised WesBanco from a “neutral” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Friday, June 2nd. Finally, ValuEngine raised WesBanco from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. WesBanco has a consensus rating of “Hold” and a consensus price target of $41.60.
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, such as commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and trust and investment services, which offers trust services, as well as various alternative investment products, including mutual funds.
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