Wesbanco Bank Inc Lowers stake in WesBanco Inc (WSBC)

WesBanco Inc (WSBC) : Wesbanco Bank Inc reduced its stake in WesBanco Inc by 0.08% during the most recent quarter end. The investment management company now holds a total of 1,757,813 shares of WesBanco Inc which is valued at $55.6 Million after selling 1,490 shares in WesBanco Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.WesBanco Inc makes up approximately 3.33% of Wesbanco Bank Inc’s portfolio.

Other Hedge Funds, Including , Ubs Asset Management Americas Inc reduced its stake in WSBC by selling 800 shares or 5.52% in the most recent quarter. The Hedge Fund company now holds 13,699 shares of WSBC which is valued at $433,025. Secor Capital Advisors Lp sold out all of its stake in WSBC during the most recent quarter. The investment firm sold 8,688 shares of WSBC which is valued $274,628.Tiaa Cref Investment Management reduced its stake in WSBC by selling 15,087 shares or 9.63% in the most recent quarter. The Hedge Fund company now holds 141,633 shares of WSBC which is valued at $4.5 Million.Nationwide Fund Advisors reduced its stake in WSBC by selling 33,595 shares or 22.37% in the most recent quarter. The Hedge Fund company now holds 116,606 shares of WSBC which is valued at $3.7 Million. WesBanco Inc makes up approx 0.02% of Nationwide Fund Advisors’s portfolio.

WesBanco Inc opened for trading at $31.9 and hit $32.06 on the upside on Friday, eventually ending the session at $32.06, with a gain of 1.20% or 0.38 points. The heightened volatility saw the trading volume jump to 1,12,811 shares. Company has a market cap of $1,229,918 M.

On the company’s financial health, WesBanco Inc reported $0.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.59.Analysts expectations of $ 79.69.During the same quarter in the previous year, the company posted $0.59 EPS.

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 these 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. WesBanco Bank also offers trust and investment services and various alternative investment products including mutual funds and annuities.

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