WesBanco Inc (WSBC) Director F Eric Nelson, Jr. Sells 12,500 Shares

WesBanco Inc (NASDAQ:WSBC) Director F Eric Nelson, Jr. sold 12,500 shares of WesBanco stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $42.06, for a total transaction of $525,750.00. Following the completion of the transaction, the director now directly owns 29,717 shares of the company’s stock, valued at approximately $1,249,897.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

WesBanco Inc (NASDAQ:WSBC) traded down $0.59 during trading hours on Friday, reaching $41.26. 78,500 shares of the company’s stock traded hands, compared to its average volume of 110,867. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.89 and a quick ratio of 0.89. WesBanco Inc has a 52-week low of $34.81 and a 52-week high of $44.19. The stock has a market cap of $1,818.57, a P/E ratio of 17.63, a P/E/G ratio of 1.71 and a beta of 1.00.

WesBanco (NASDAQ:WSBC) last issued its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03). The firm had revenue of $95.15 million for the quarter, compared to analysts’ expectations of $98.37 million. WesBanco had a return on equity of 7.66% and a net margin of 24.73%. During the same quarter last year, the firm earned $0.60 earnings per share. sell-side analysts predict that WesBanco Inc will post 2.41 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.52%. WesBanco’s dividend payout ratio (DPR) is presently 44.44%.

Several analysts recently commented on WSBC shares. BidaskClub cut shares of WesBanco from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. Zacks Investment Research upgraded shares of WesBanco from a “sell” rating to a “hold” rating in a research note on Thursday, November 16th. Boenning Scattergood reiterated a “hold” rating on shares of WesBanco in a research note on Friday, October 20th. DA Davidson set a $48.00 price objective on shares of WesBanco and gave the company a “buy” rating in a research note on Thursday. Finally, FBR & Co set a $40.00 price objective on shares of WesBanco and gave the company a “hold” rating in a research note on Friday, October 20th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $42.25.

Several hedge funds and other institutional investors have recently modified their holdings of WSBC. Ameritas Investment Partners Inc. grew its holdings in shares of WesBanco by 6.6% during the second quarter. Ameritas Investment Partners Inc. now owns 3,697 shares of the financial services provider’s stock worth $146,000 after buying an additional 229 shares in the last quarter. Sei Investments Co. grew its holdings in shares of WesBanco by 4,236.6% during the second quarter. Sei Investments Co. now owns 4,380 shares of the financial services provider’s stock worth $174,000 after buying an additional 4,279 shares in the last quarter. Amalgamated Bank purchased a new stake in shares of WesBanco during the second quarter worth about $211,000. Victory Capital Management Inc. grew its holdings in shares of WesBanco by 17.6% during the second quarter. Victory Capital Management Inc. now owns 5,350 shares of the financial services provider’s stock worth $212,000 after buying an additional 801 shares in the last quarter. Finally, Stifel Financial Corp purchased a new stake in shares of WesBanco during the third quarter worth about $220,000. Institutional investors and hedge funds own 59.11% of the company’s stock.

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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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