WesBanco (NASDAQ:WSBC) Director F Eric Nelson, Jr. Sells 752 Shares of Stock

WesBanco, Inc. (NASDAQ:WSBC) Director F Eric Nelson, Jr. sold 752 shares of WesBanco stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $33.37, for a total value of $25,094.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

WesBanco Trading Down 1.5%

Shares of WesBanco stock traded down $0.52 during trading hours on Friday, hitting $32.90. The company’s stock had a trading volume of 40,705 shares, compared to its average volume of 581,524. The company has a market capitalization of $3.16 billion, a PE ratio of 16.81 and a beta of 0.81. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a 50 day moving average of $31.64 and a 200 day moving average of $31.60. WesBanco, Inc. has a 12 month low of $26.42 and a 12 month high of $37.18.

WesBanco (NASDAQ:WSBC) last released its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.05. WesBanco had a return on equity of 8.28% and a net margin of 13.91%.The business had revenue of $261.58 million for the quarter, compared to analysts’ expectations of $263.38 million. During the same quarter in the previous year, the business posted $0.54 EPS. Analysts predict that WesBanco, Inc. will post 3.24 earnings per share for the current year.

WesBanco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Friday, December 5th will be given a dividend of $0.38 per share. This is a positive change from WesBanco’s previous quarterly dividend of $0.37. This represents a $1.52 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, December 5th. WesBanco’s payout ratio is currently 75.51%.

Institutional Trading of WesBanco

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC lifted its holdings in shares of WesBanco by 255.1% in the third quarter. Smartleaf Asset Management LLC now owns 799 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 574 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in WesBanco in the 2nd quarter valued at $26,000. Federated Hermes Inc. bought a new position in WesBanco during the 1st quarter valued at $26,000. First Horizon Corp bought a new position in WesBanco during the 3rd quarter valued at $27,000. Finally, True Wealth Design LLC boosted its holdings in WesBanco by 77.9% during the 3rd quarter. True Wealth Design LLC now owns 877 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 384 shares during the last quarter. Institutional investors own 61.41% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. DA Davidson lowered shares of WesBanco from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of WesBanco in a report on Monday. Wall Street Zen downgraded WesBanco from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Royal Bank Of Canada upped their price objective on WesBanco from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, WesBanco presently has a consensus rating of “Moderate Buy” and an average price target of $39.17.

WesBanco Company Profile

WesBanco, Inc operates as the bank holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, mortgage banking, and insurance services to individuals and businesses in the United States. The company operates through two segments, Community Banking, and Trust and Investment Services.