WesBanco, Inc. (NASDAQ:WSBC – Get Rating) EVP Jonathan D. Dargusch sold 2,000 shares of the business’s stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $34.05, for a total value of $68,100.00. Following the transaction, the executive vice president now directly owns 26,615 shares of the company’s stock, valued at approximately $906,240.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of WSBC stock traded down $0.18 on Tuesday, hitting $33.79. The company had a trading volume of 2,850 shares, compared to its average volume of 219,141. The firm has a market cap of $2.04 billion, a P/E ratio of 10.78 and a beta of 0.93. The company has a 50-day moving average price of $33.37 and a 200-day moving average price of $34.73. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.17. WesBanco, Inc. has a twelve month low of $30.21 and a twelve month high of $39.24.

WesBanco (NASDAQ:WSBC – Get Rating) last released its quarterly earnings results on Tuesday, April 26th. The financial services provider reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.08. WesBanco had a return on equity of 8.42% and a net margin of 35.42%. The company had revenue of $138.09 million during the quarter, compared to analysts’ expectations of $139.13 million. During the same quarter in the prior year, the firm posted $1.06 EPS. WesBanco’s quarterly revenue was down 7.7% compared to the same quarter last year. Equities research analysts expect that WesBanco, Inc. will post 2.71 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Friday, June 10th will be given a $0.34 dividend. The ex-dividend date is Thursday, June 9th. This represents a $1.36 annualized dividend and a yield of 4.02%. WesBanco’s payout ratio is 43.17%.

Institutional investors have recently modified their holdings of the stock. Teacher Retirement System of Texas lifted its stake in WesBanco by 2.7% during the first quarter. Teacher Retirement System of Texas now owns 13,018 shares of the financial services provider’s stock worth $447,000 after purchasing an additional 347 shares in the last quarter. M&T Bank Corp lifted its stake in WesBanco by 4.7% during the first quarter. M&T Bank Corp now owns 8,292 shares of the financial services provider’s stock worth $285,000 after purchasing an additional 374 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in WesBanco by 1.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 29,659 shares of the financial services provider’s stock worth $1,038,000 after purchasing an additional 433 shares in the last quarter. Carolina Wealth Advisors LLC lifted its stake in WesBanco by 9.4% during the first quarter. Carolina Wealth Advisors LLC now owns 6,689 shares of the financial services provider’s stock worth $230,000 after purchasing an additional 572 shares in the last quarter. Finally, Cetera Advisors LLC lifted its stake in WesBanco by 5.7% during the third quarter. Cetera Advisors LLC now owns 10,759 shares of the financial services provider’s stock worth $367,000 after purchasing an additional 583 shares in the last quarter. Institutional investors own 60.61% of the company’s stock.

WSBC has been the topic of several research analyst reports. StockNews.com began coverage on WesBanco in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Piper Sandler downgraded WesBanco from a “neutral” rating to an “underweight” rating and set a $34.00 price target on the stock. in a report on Wednesday, May 4th. B. Riley lowered their target price on WesBanco from $35.00 to $32.00 in a report on Tuesday, April 12th. Finally, Zacks Investment Research upgraded WesBanco from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Friday, April 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, WesBanco presently has a consensus rating of “Hold” and an average target price of $35.75.

About WesBanco (Get Rating)

WesBanco, Inc operates as the bank holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services. It operates in two segments, Community Banking, and Trust and Investment Services. The company offers commercial demand, individual demand, and time deposit accounts; money market accounts; interest bearing and non-interest bearing demand deposits, as well as savings deposits; and certificates of deposit.

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