WesBanco CFO Robert H. Young Sells 3,000 Shares (WSBC)
WesBanco (NASDAQ:WSBC) CFO Robert H. Young unloaded 3,000 shares of WesBanco stock on the open market in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $30.73, for a total transaction of $92,190.00. Following the transaction, the chief financial officer now directly owns 7,605 shares in the company, valued at approximately $233,702. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of WesBanco (NASDAQ:WSBC) traded down 0.71% on Thursday, hitting $30.57. The stock had a trading volume of 40,462 shares. WesBanco has a one year low of $24.63 and a one year high of $32.58. The stock’s 50-day moving average is $29.85 and its 200-day moving average is $30.19. The company has a market cap of $893.0 million and a P/E ratio of 14.06.
WesBanco (NASDAQ:WSBC) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $0.56 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.54 by $0.02. Analysts expect that WesBanco will post $2.28 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Wednesday, June 11th.
A number of research firms have recently commented on WSBC. Analysts at Guggenheim raised their price target on shares of WesBanco from $2.00 to $36.00 in a research note on Thursday, April 24th. Analysts at FBR Capital Markets raised their price target on shares of WesBanco from $33.00 to $35.00 in a research note on Thursday, April 24th. They now have a “market perform” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $34.52.
WesBanco, Inc (NASDAQ:WSBC) is a bank holding company.
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