Insider Selling: WesBanco Inc (NASDAQ:WSBC) EVP Sells 4,504 Shares of Stock

WesBanco Inc (NASDAQ:WSBC) EVP Jonathan D. Dargusch sold 4,504 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $38.10, for a total transaction of $171,602.40. Following the completion of the sale, the executive vice president now owns 20,219 shares in the company, valued at approximately $770,343.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of WesBanco stock opened at $37.77 on Friday. The company’s fifty day simple moving average is $37.54 and its 200-day simple moving average is $37.01. The stock has a market capitalization of $2.09 billion, a PE ratio of 11.77 and a beta of 1.12. WesBanco Inc has a 1-year low of $33.19 and a 1-year high of $43.88. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.89 and a quick ratio of 0.88.

WesBanco (NASDAQ:WSBC) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.10). The business had revenue of $117.35 million for the quarter, compared to analysts’ expectations of $126.48 million. WesBanco had a return on equity of 8.38% and a net margin of 28.22%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 EPS. As a group, research analysts anticipate that WesBanco Inc will post 3.03 EPS for the current year.

Institutional investors have recently modified their holdings of the company. First Mercantile Trust Co. purchased a new position in shares of WesBanco during the 3rd quarter valued at $43,000. DekaBank Deutsche Girozentrale purchased a new position in shares of WesBanco during the 2nd quarter valued at $49,000. Denali Advisors LLC purchased a new position in shares of WesBanco during the 3rd quarter valued at $101,000. SG Americas Securities LLC lifted its stake in shares of WesBanco by 11.1% during the 3rd quarter. SG Americas Securities LLC now owns 3,168 shares of the financial services provider’s stock valued at $118,000 after buying an additional 317 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of WesBanco by 17.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,676 shares of the financial services provider’s stock valued at $137,000 after buying an additional 548 shares in the last quarter. Institutional investors and hedge funds own 57.24% of the company’s stock.

WSBC has been the topic of several analyst reports. BidaskClub upgraded shares of WesBanco from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Sandler O’Neill upgraded shares of WesBanco from a “hold” rating to a “buy” rating in a research note on Thursday, July 25th. ValuEngine upgraded shares of WesBanco from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research reiterated a “hold” rating on shares of WesBanco in a research note on Saturday, October 26th. Finally, B. Riley set a $40.00 price target on shares of WesBanco and gave the stock a “hold” rating in a research note on Friday, September 13th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $41.25.

About WesBanco

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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