WesBanco Inc (NASDAQ:WSBC) EVP Brent E. Richmond sold 4,006 shares of the business’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $45.60, for a total value of $182,673.60. Following the completion of the transaction, the executive vice president now directly owns 19,635 shares of the company’s stock, valued at approximately $895,356. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of WSBC stock opened at $44.68 on Thursday. The stock has a market capitalization of $2.12 billion, a PE ratio of 18.57, a P/E/G ratio of 1.47 and a beta of 0.89. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.93. WesBanco Inc has a 52-week low of $38.09 and a 52-week high of $51.12.
WesBanco (NASDAQ:WSBC) last issued its quarterly earnings data on Monday, July 23rd. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.06. WesBanco had a return on equity of 8.85% and a net margin of 24.38%. The business had revenue of $105.76 million during the quarter, compared to analysts’ expectations of $103.37 million. During the same quarter in the previous year, the firm posted $0.60 EPS. equities research analysts expect that WesBanco Inc will post 3.09 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. Wesbanco Bank Inc. increased its stake in shares of WesBanco by 2.2% in the 2nd quarter. Wesbanco Bank Inc. now owns 1,645,183 shares of the financial services provider’s stock valued at $74,099,000 after purchasing an additional 34,787 shares in the last quarter. Sei Investments Co. increased its stake in shares of WesBanco by 2,054.2% in the 1st quarter. Sei Investments Co. now owns 2,542 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 2,424 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of WesBanco by 15.9% in the 2nd quarter. Victory Capital Management Inc. now owns 10,372 shares of the financial services provider’s stock valued at $467,000 after purchasing an additional 1,423 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of WesBanco by 6.1% in the 2nd quarter. Renaissance Technologies LLC now owns 422,173 shares of the financial services provider’s stock valued at $19,015,000 after purchasing an additional 24,200 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of WesBanco by 7.8% in the 1st quarter. Wells Fargo & Company MN now owns 288,888 shares of the financial services provider’s stock valued at $12,220,000 after purchasing an additional 20,788 shares in the last quarter. Hedge funds and other institutional investors own 59.92% of the company’s stock.
Several equities analysts have recently issued reports on WSBC shares. Zacks Investment Research raised WesBanco from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Thursday, July 26th. BidaskClub raised WesBanco from a “hold” rating to a “buy” rating in a report on Wednesday, July 25th. ValuEngine cut WesBanco from a “buy” rating to a “hold” rating in a report on Wednesday, September 12th. Finally, B. Riley boosted their price objective on WesBanco from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, June 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $47.40.
WesBanco, Inc operates as the holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services in the United States. It operates in two segments, Community Banking, and Trust and Investment Services.
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