WesBanco (NASDAQ:WSBC) Director Acquires $100,800.00 in Stock

WesBanco, Inc. (NASDAQ:WSBC) Director Lee Burdman acquired 3,000 shares of the business’s stock in a transaction on Thursday, April 23rd. The shares were bought at an average price of $33.60 per share, with a total value of $100,800.00. Following the completion of the transaction, the director directly owned 46,772 shares of the company’s stock, valued at approximately $1,571,539.20. The trade was a 6.85% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

WesBanco Stock Performance

Shares of WSBC stock opened at $34.02 on Monday. The firm has a 50 day moving average price of $34.82 and a two-hundred day moving average price of $33.86. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $3.27 billion, a PE ratio of 10.97 and a beta of 0.74. WesBanco, Inc. has a 12-month low of $28.74 and a 12-month high of $38.10.

WesBanco (NASDAQ:WSBC) last issued its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.05. The firm had revenue of $257.23 million during the quarter, compared to the consensus estimate of $264.52 million. WesBanco had a net margin of 21.12% and a return on equity of 9.83%. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period last year, the business posted $0.66 earnings per share. As a group, analysts predict that WesBanco, Inc. will post 3.61 earnings per share for the current year.

WesBanco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 6th were given a dividend of $0.38 per share. The ex-dividend date was Friday, March 6th. This represents a $1.52 annualized dividend and a yield of 4.5%. WesBanco’s dividend payout ratio (DPR) is 49.03%.

Analysts Set New Price Targets

WSBC has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of WesBanco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, March 12th. Raymond James Financial reiterated a “strong-buy” rating and issued a $41.00 price target on shares of WesBanco in a research report on Thursday, March 12th. DA Davidson reiterated a “buy” rating and issued a $41.00 price target on shares of WesBanco in a research report on Wednesday, April 22nd. Finally, Piper Sandler dropped their price target on shares of WesBanco from $42.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $39.60.

WesBanco News Summary

Here are the key news stories impacting WesBanco this week:

• Positive Sentiment: Two directors increased holdings via open-market buys (Lee J. Burdman: 3,000 shares at ~$33.60; Louis Michael Altman: 3,000 shares at ~$33.72). Insider purchases often signal confidence in the bank’s outlook and can support sentiment. Burdman Form 4 Altman Form 4
• Positive Sentiment: DA Davidson reiterated a “Buy” rating on WSBC, which can bolster demand from institutional and retail investors looking for analyst-backed ideas. DA Davidson Reiterates Buy
• Positive Sentiment: WesBanco named Nathan Jones as Senior EVP and Chief Risk Officer effective April 27 — a governance/controls hire that should reassure investors focused on credit and CRE risk management. Press Release
• Neutral Sentiment: Reported short interest data appears to show 0 shares/0 days (likely a reporting glitch or stale data) — no meaningful short-squeeze signal from the published number.
• Negative Sentiment: Q1 earnings showed EPS outperformance but revenue declined and management flagged CRE exposure — investors are parsing profit beats against potential credit risks in commercial real estate. Earnings Call Highlights
• Negative Sentiment: Coverage and headlines calling out CRE risks and explaining why WSBC is falling amplify selling pressure and may be causing today’s weakness. TipRanks: CRE Risks MSN: Why WSBC Is Falling

Institutional Investors Weigh In On WesBanco

Hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. increased its stake in WesBanco by 179.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,543,243 shares of the financial services provider’s stock valued at $47,779,000 after acquiring an additional 991,584 shares during the last quarter. Algebris UK Ltd. bought a new position in WesBanco in the third quarter valued at approximately $19,863,000. FJ Capital Management LLC increased its stake in WesBanco by 771.4% in the third quarter. FJ Capital Management LLC now owns 654,296 shares of the financial services provider’s stock valued at $20,892,000 after acquiring an additional 579,211 shares during the last quarter. Aristotle Capital Boston LLC bought a new position in WesBanco in the fourth quarter valued at approximately $11,279,000. Finally, Wellington Management Group LLP increased its stake in WesBanco by 13.7% in the fourth quarter. Wellington Management Group LLP now owns 2,764,222 shares of the financial services provider’s stock valued at $91,883,000 after acquiring an additional 332,585 shares during the last quarter. 61.41% of the stock is currently owned by institutional investors and hedge funds.

WesBanco Company Profile

WesBanco, Inc is a bank holding company headquartered in Wheeling, West Virginia, offering a full range of community banking services through its principal subsidiary, WesBanco Bank, Inc The company serves individual consumers, small‐ to mid‐sized businesses, nonprofit organizations and governmental entities with a relationship‐driven approach and an emphasis on local decision‐making. Through its diversified platform, WesBanco provides core banking functions such as deposit accounts, commercial and consumer lending, mortgage banking, treasury management and electronic banking services.

In addition to traditional banking products, WesBanco offers specialized services including trust and wealth management, investment advisory and insurance solutions.