WesBanco, Inc. (NASDAQ:WSBC) EVP Michael L. Perkins Sells 1,125 Shares

WesBanco, Inc. (NASDAQ:WSBC - Get Free Report) EVP Michael L. Perkins sold 1,125 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $34.87, for a total value of $39,228.75. Following the transaction, the executive vice president now directly owns 46,817 shares in the company, valued at $1,632,508.79. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

WesBanco Trading Up 0.5 %

Shares of NASDAQ:WSBC traded up $0.17 on Friday, hitting $35.07. 107,334 shares of the company's stock were exchanged, compared to its average volume of 246,518. WesBanco, Inc. has a 12 month low of $24.55 and a 12 month high of $36.13. The business's 50 day simple moving average is $30.73 and its two-hundred day simple moving average is $29.59. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 16.78 and a beta of 0.81. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93.

WesBanco (NASDAQ:WSBC - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. The firm had revenue of $243.34 million during the quarter, compared to analyst estimates of $152.40 million. WesBanco had a return on equity of 5.75% and a net margin of 14.79%. During the same quarter in the previous year, the business earned $0.59 earnings per share. Analysts anticipate that WesBanco, Inc. will post 2.14 EPS for the current fiscal year.

WesBanco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend was Friday, September 6th. WesBanco's dividend payout ratio (DPR) is 68.90%.

Hedge Funds Weigh In On WesBanco

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its position in shares of WesBanco by 43.3% in the 1st quarter. BNP Paribas Financial Markets now owns 34,350 shares of the financial services provider's stock worth $1,024,000 after acquiring an additional 10,375 shares in the last quarter. Empowered Funds LLC lifted its position in shares of WesBanco by 8.2% during the first quarter. Empowered Funds LLC now owns 163,952 shares of the financial services provider's stock valued at $4,887,000 after buying an additional 12,392 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of WesBanco in the 1st quarter valued at about $212,000. Smithfield Trust Co grew its position in shares of WesBanco by 0.9% in the 1st quarter. Smithfield Trust Co now owns 49,575 shares of the financial services provider's stock worth $1,478,000 after buying an additional 423 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of WesBanco by 1.7% during the 1st quarter. Sei Investments Co. now owns 209,011 shares of the financial services provider's stock worth $6,231,000 after acquiring an additional 3,425 shares in the last quarter. Institutional investors own 61.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $35.00 price target on shares of WesBanco in a research report on Monday, September 9th. DA Davidson upped their price objective on WesBanco from $35.00 to $42.00 and gave the stock a "buy" rating in a research note on Monday, July 29th. Stephens raised their target price on shares of WesBanco from $33.00 to $34.00 and gave the company an "equal weight" rating in a research note on Monday, October 28th. Hovde Group lifted their price objective on WesBanco from $34.00 to $38.00 and gave the stock an "outperform" rating in a research note on Monday, July 29th. Finally, Keefe, Bruyette & Woods increased their price target on shares of WesBanco from $30.00 to $34.00 and gave the company a "market perform" rating in a report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $36.17.

About WesBanco

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.

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