WesBanco (NASDAQ:WSBC) Stock Crosses Above 200 Day Moving Average of $33.61

WesBanco, Inc. (NASDAQ:WSBCGet Rating) shares passed 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 trading hands.

Analyst Ratings Changes

WSBC has been the subject of several research reports. Janney Montgomery Scott initiated coverage on WesBanco in a research note on Tuesday, September 6th. They issued a “neutral” rating and a $37.00 target price for the company. B. Riley reduced their target price on WesBanco from $32.00 to $29.00 in a research note on Monday, July 11th. Finally, DA Davidson restated a “buy” rating on shares of WesBanco in a research note on Wednesday, July 27th. One research 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’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $34.50.

WesBanco Price Performance

The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 12.65 and a beta of 0.90. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.77 and a current ratio of 0.77. The business has a 50 day simple moving average of $34.38 and a 200-day simple moving average of $33.61.

WesBanco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Friday, September 9th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $1.36 dividend on an annualized basis and a yield of 3.83%. WesBanco’s dividend payout ratio (DPR) is currently 48.40%.

Insider Buying and Selling at WesBanco

In other news, Director Joseph R. Robinson bought 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, with a total value of $60,600.00. Following the transaction, the director now directly owns 7,347 shares in the company, valued at $222,614.10. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.15% of the company’s stock.

Hedge Funds Weigh In On WesBanco

Several hedge funds have recently modified their holdings of the company. MCF Advisors LLC bought a new stake in shares of WesBanco in the 1st quarter worth approximately $33,000. Allworth Financial LP raised its holdings in shares of WesBanco by 293.6% in the 1st quarter. Allworth Financial LP now owns 1,051 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 784 shares during the period. Ancora Advisors LLC bought a new stake in shares of WesBanco in the 1st quarter worth approximately $43,000. Lindbrook Capital LLC raised its holdings in shares of WesBanco by 414.0% in the 1st quarter. Lindbrook Capital LLC now owns 1,362 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 1,097 shares during the period. Finally, Global Wealth Management Investment Advisory Inc. bought a new stake in shares of WesBanco in the 1st quarter worth approximately $94,000. Institutional investors 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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