Short Interest Reporting: Wesbanco Incorporated (NASDAQ:WSBC)’s Stock Is Buy After Less Market Selling

November 21, 2016 - By Hazel Jackson   ·   0 Comments

Short Interest Reporting: Wesbanco Incorporated (NASDAQ:WSBC)'s Stock Is Buy After Less Market Selling

The stock of Wesbanco Incorporated (NASDAQ:WSBC) registered a decrease of 31.96% in short interest. WSBC’s total short interest was 1.19 million shares in November as published by FINRA. Its down 31.96% from 1.75 million shares, reported previously. With 136,500 shares average volume, it will take short sellers 9 days to cover their WSBC’s short positions. The short interest to Wesbanco Incorporated’s float is 3.37%. About 51,379 shares traded hands. WesBanco Inc (NASDAQ:WSBC) has risen 24.42% since April 19, 2016 and is uptrending. It has outperformed by 20.56% the S&P500.

WesBanco, Inc. is a bank holding company. The company has a market cap of $1.76 billion. The Firm offers a range of financial services, including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking and insurance. It has a 17.79 P/E ratio. WesBanco offers its services through two divisions: 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.

Insitutional Activity: The institutional sentiment is 1.43 in 2016 Q2. Its the same as in 2016Q1. The ratio is flat, as 7 funds sold all WesBanco Inc shares owned while 37 reduced positions. only 20 funds bought stakes while 43 increased positions. They now own 24.82 million shares or 14.28% more from 21.72 million shares in 2016Q1.
Us State Bank De holds 104,666 shares or 0.01% of its portfolio. Citigroup Inc has invested 0% of its portfolio in WesBanco Inc (NASDAQ:WSBC). Sei Invests holds 0% or 88 shares in its portfolio. Legal & General Group Incorporated Public Ltd Company last reported 0% of its portfolio in the stock. City accumulated 751 shares or 0.01% of the stock. Thompson Siegel Walmsley Lc last reported 0% of its portfolio in the stock. Geode Management Ltd Company holds 0% of its portfolio in WesBanco Inc (NASDAQ:WSBC) for 284,144 shares. Moreover, Pub Employees Retirement Association Of Colorado has 0% invested in WesBanco Inc (NASDAQ:WSBC) for 13,545 shares. State Common Retirement Fund has 0.02% invested in the company for 411,750 shares. Allianz Asset Mgmt Ag last reported 655,291 shares in the company. Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in the company for 906 shares. Northern Trust Corporation reported 784,647 shares or 0.01% of all its holdings. The Illinois-based First Advsr Limited Partnership has invested 0.01% in WesBanco Inc (NASDAQ:WSBC). Blair William & Com Il last reported 0% of its portfolio in the stock. Wesbanco Bancorp has invested 3.28% of its portfolio in WesBanco Inc (NASDAQ:WSBC).

WesBanco Inc (NASDAQ:WSBC) Ratings Coverage

Out of 4 analysts covering Wesbanco Inc. (NASDAQ:WSBC), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. Wesbanco Inc. has been the topic of 9 analyst reports since July 23, 2015 according to StockzIntelligence Inc. FBR Capital maintained the stock with “Mkt Perform” rating in Thursday, October 27 report. The rating was maintained by FBR Capital on Thursday, January 28 with “Mkt Perform”. The firm has “Market Perform” rating given on Thursday, July 23 by FBR Capital. Zacks upgraded the stock to “Hold” rating in Friday, September 4 report. As per Tuesday, August 11, the company rating was upgraded by Macquarie Research. The stock has “Mkt Perform” rating given by FBR Capital on Thursday, October 22. The stock of WesBanco Inc (NASDAQ:WSBC) earned “Neutral” rating by Boenning & Scattergood on Thursday, April 21.

WSBC Company Profile

WesBanco, Inc. (WesBanco), incorporated on September 9, 1968, is a bank holding company. The Firm 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 divisions: 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.

More recent WesBanco Inc (NASDAQ:WSBC) news were published by: Prnewswire.com which released: “WesBanco, Inc. Consummates Merger with Your Community Bankshares, Inc. and …” on September 09, 2016. Also Prnewswire.com published the news titled: “WesBanco, Inc. Receives Regulatory Approvals of Its Merger with Your Community …” on August 22, 2016. Prnewswire.com‘s news article titled: “WesBanco Announces November Investor Conference Schedule” with publication date: November 01, 2016 was also an interesting one.

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By Hazel Jackson


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