WesBanco (NASDAQ:WSBC) Share Price Passes Above Two Hundred Day Moving Average of $33.61

WesBanco, Inc. (NASDAQ:WSBCGet Rating)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $33.61 and traded as high as $36.30. WesBanco shares last traded at $35.55, with a volume of 146,876 shares.

Analyst Upgrades and Downgrades

WSBC has been the subject of a number of analyst reports. Janney Montgomery Scott initiated coverage on WesBanco in a research note on Tuesday, September 6th. They set a “neutral” rating and a $37.00 price objective for the company. DA Davidson reissued a “buy” rating on shares of WesBanco in a research note on Wednesday, July 27th. Finally, B. Riley decreased their target price on WesBanco from $32.00 to $29.00 in a research note on Monday, July 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, WesBanco currently has an average rating of “Hold” and a consensus target price of $34.50.

WesBanco Stock Down 1.5 %

The firm has a market cap of $2.14 billion, a P/E ratio of 12.65 and a beta of 0.90. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average of $34.38 and a 200-day moving average of $33.61.

WesBanco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Investors of record on Friday, September 9th will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, September 8th. This represents a $1.36 annualized dividend and a yield of 3.83%. WesBanco’s payout ratio is presently 48.40%.

Insider Buying and Selling at WesBanco

In other WesBanco news, Director Joseph R. Robinson acquired 2,000 shares of the company’s stock in a transaction on Thursday, September 15th. The shares were purchased at an average price of $30.30 per share, for a total transaction of $60,600.00. Following the completion of the purchase, the director now directly owns 7,347 shares of the company’s stock, valued at $222,614.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 3.15% of the company’s stock.

Hedge Funds Weigh In On WesBanco

Institutional investors and hedge funds have recently made changes to their positions in the company. UBS Group AG grew its position in WesBanco by 2.4% during the second quarter. UBS Group AG now owns 13,774 shares of the financial services provider’s stock worth $437,000 after buying an additional 322 shares in the last quarter. Captrust Financial Advisors grew its position in WesBanco by 9.8% during the second quarter. Captrust Financial Advisors now owns 3,780 shares of the financial services provider’s stock worth $120,000 after buying an additional 338 shares in the last quarter. Teacher Retirement System of Texas grew its position 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 buying an additional 347 shares in the last quarter. M&T Bank Corp grew its position 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 buying an additional 374 shares in the last quarter. Finally, Bank of Montreal Can grew its position in WesBanco by 1.5% during the second quarter. Bank of Montreal Can now owns 26,296 shares of the financial services provider’s stock worth $849,000 after buying an additional 385 shares in the last quarter. Institutional investors and hedge funds own 58.36% of the company’s stock.

WesBanco Company Profile

(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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