First National Trust Co. raised its stake in WesBanco Inc. (NASDAQ:WSBC) by 0.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 24,922 shares of the financial services provider’s stock after buying an additional 10 shares during the period. First National Trust Co.’s holdings in WesBanco were worth $774,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in WSBC. Strs Ohio boosted its position in WesBanco by 1,325.0% in the second quarter. Strs Ohio now owns 5,700 shares of the financial services provider’s stock worth $176,000 after buying an additional 5,300 shares during the period. Boys Arnold & Co. Inc. bought a new position in WesBanco during the second quarter worth approximately $466,000. AXA bought a new position in WesBanco during the first quarter worth approximately $499,000. Bank of Montreal Can bought a new position in WesBanco during the second quarter worth approximately $615,000. Finally, Schneider Downs Wealth Management Advisors LP boosted its position in WesBanco by 0.8% in the second quarter. Schneider Downs Wealth Management Advisors LP now owns 21,366 shares of the financial services provider’s stock worth $663,000 after buying an additional 177 shares during the last quarter. Institutional investors own 52.73% of the company’s stock.
WesBanco Inc. (NASDAQ:WSBC) traded down 0.06% during mid-day trading on Tuesday, reaching $32.53. 65,718 shares of the company were exchanged. The stock’s 50-day moving average price is $32.35 and its 200-day moving average price is $31.51. WesBanco Inc. has a 1-year low of $26.93 and a 1-year high of $34.32. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 13.88 and a beta of 0.88.
WesBanco (NASDAQ:WSBC) last announced its quarterly earnings data on Tuesday, July 19th. The financial services provider reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. WesBanco had a return on equity of 7.99% and a net margin of 26.00%. On average, equities research analysts anticipate that WesBanco Inc. will post $2.32 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Saturday, October 1st. Shareholders of record on Wednesday, September 14th were issued a $0.24 dividend. The ex-dividend date was Monday, September 12th. This represents a $0.96 dividend on an annualized basis and a yield of 2.95%. WesBanco’s payout ratio is currently 40.68%.
A number of research analysts have recently commented on WSBC shares. Zacks Investment Research upgraded shares of WesBanco from a “sell” rating to a “hold” rating in a report on Saturday, September 17th. FBR & Co set a $32.00 price target on shares of WesBanco and gave the stock a “hold” rating in a report on Thursday, July 21st.
In other WesBanco news, Director Charlotte A. Zuschlag sold 12,872 shares of the firm’s stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $32.66, for a total value of $420,399.52. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Henry L. Schulhoff sold 3,000 shares of the firm’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $31.85, for a total value of $95,550.00. Following the completion of the transaction, the insider now owns 74,376 shares in the company, valued at approximately $2,368,875.60. The disclosure for this sale can be found here. 4.22% of the stock is owned by company insiders.
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 by full-service commercial banks, including commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and certain non-traditional offerings, such as insurance and securities brokerage services, and trust and investment services, which offers trust services, as well as various alternative investment products, including mutual funds.
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