WesBanco EVP Unloads $191,437 in Stock (WSBC)
WesBanco (NASDAQ:WSBC) EVP Brent Richmond sold 6,599 shares of WesBanco stock on the open market in a transaction dated Thursday, September 12th. The stock was sold at an average price of $29.01, for a total value of $191,436.99. Following the sale, the executive vice president now directly owns 27,110 shares in the company. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on WSBC shares. Analysts at Guggenheim initiated coverage on shares of WesBanco (NASDAQ:WSBC) in a research note to investors on Thursday. They set a “neutral” rating and a $33.50 price target on the stock. Separately, analysts at FBR Capital Markets initiated coverage on shares of WesBanco (NASDAQ:WSBC) in a research note to investors on Wednesday, August 21st. They set a “market perform” rating and a $33.00 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of WesBanco (NASDAQ:WSBC) from $26.00 to $33.00 in a research note to investors on Friday, July 26th.
Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $32.88.
WesBanco (NASDAQ:WSBC) traded up 0.76% during mid-day trading on Friday, hitting $28.99. 16,832 shares of the company’s stock traded hands. WesBanco has a 1-year low of $19.75 and a 1-year high of $30.55. The stock has a 50-day moving average of $29.44 and a 200-day moving average of $26.22. The company has a market cap of $848.9 million and a P/E ratio of 13.85.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 1st. Shareholders of record on Friday, September 13th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Wednesday, September 11th. This is a positive change from WesBanco’s previous quarterly dividend of $0.19.
WesBanco, Inc (NASDAQ:WSBC) is a bank holding company.
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