Huntington National Bank increased its position in shares of WesBanco Inc. (NASDAQ:WSBC) by 2,418.7% during the second quarter, Holdings Channel reports. The firm owned 135,303 shares of the financial services provider’s stock after buying an additional 129,931 shares during the period. Huntington National Bank’s holdings in WesBanco were worth $4,202,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of WSBC. BlackRock Institutional Trust Company N.A. increased its position in shares of WesBanco by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,003,460 shares of the financial services provider’s stock valued at $29,813,000 after buying an additional 7,624 shares during the last quarter. Deprince Race & Zollo Inc. increased its position in shares of WesBanco by 48.5% in the second quarter. Deprince Race & Zollo Inc. now owns 912,224 shares of the financial services provider’s stock valued at $28,325,000 after buying an additional 297,775 shares during the last quarter. Dalton Greiner Hartman Maher & Co. increased its position in shares of WesBanco by 0.3% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 356,149 shares of the financial services provider’s stock valued at $11,058,000 after buying an additional 937 shares during the last quarter. Prudential Financial Inc. increased its position in shares of WesBanco by 5.1% in the first quarter. Prudential Financial Inc. now owns 139,983 shares of the financial services provider’s stock valued at $4,159,000 after buying an additional 6,800 shares during the last quarter. Finally, Foundry Partners LLC acquired a new position in shares of WesBanco during the second quarter valued at approximately $3,777,000. 52.72% of the stock is owned by institutional investors and hedge funds.
WesBanco Inc. (NASDAQ:WSBC) traded up 0.40% during mid-day trading on Friday, hitting $32.69. The stock had a trading volume of 51,858 shares. The firm has a market cap of $1.26 billion, a PE ratio of 13.95 and a beta of 0.88. WesBanco Inc. has a 52 week low of $26.93 and a 52 week high of $34.32. The company’s 50 day moving average price is $32.64 and its 200 day moving average price is $31.68.
WesBanco (NASDAQ:WSBC) last issued its earnings results on Tuesday, July 19th. The financial services provider reported $0.59 EPS for the quarter, topping the consensus estimate of $0.56 by $0.03. WesBanco had a return on equity of 7.99% and a net margin of 26.00%. Analysts anticipate that WesBanco Inc. will post $2.32 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Saturday, October 1st. Shareholders of record on Wednesday, September 14th were paid a $0.24 dividend. The ex-dividend date was Monday, September 12th. This represents a $0.96 annualized dividend and a yield of 2.94%. WesBanco’s dividend payout ratio is currently 40.68%.
WSBC has been the subject of several research analyst reports. Zacks Investment Research raised WesBanco from a “sell” rating to a “hold” rating in a research note on Saturday, September 3rd. FBR & Co set a $32.00 price target on WesBanco and gave the stock a “hold” rating in a report on Thursday, July 21st.
In other WesBanco news, insider Henry L. Schulhoff sold 3,000 shares of the firm’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $31.85, for a total value of $95,550.00. Following the completion of the transaction, the insider now owns 74,376 shares in the company, valued at approximately $2,368,875.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Charlotte A. Zuschlag sold 1,300 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $32.26, for a total value of $41,938.00. The disclosure for this sale can be found here. 4.22% of the stock is owned by company insiders.
WesBanco, Inc (WesBanco) is a bank holding company. The Company offers a range of financial services, including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking and insurance. WesBanco offers its services through two segments: community banking, which offers services by full-service commercial banks, including commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and certain non-traditional offerings, such as insurance and securities brokerage services, and trust and investment services, which offers trust services, as well as various alternative investment products, including mutual funds.
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