WesBanco (NASDAQ:WSBC) Director Buys $101,160.00 in Stock

WesBanco, Inc. (NASDAQ:WSBC) Director Louis Michael Altman acquired 3,000 shares of WesBanco stock in a transaction on Thursday, April 23rd. The shares were purchased at an average cost of $33.72 per share, for a total transaction of $101,160.00. Following the acquisition, the director owned 33,164 shares in the company, valued at approximately $1,118,290.08. This represents a 9.95% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

WesBanco Price Performance

NASDAQ:WSBC opened at $34.02 on Monday. The stock’s fifty day moving average price is $34.82 and its two-hundred day moving average price is $33.86. WesBanco, Inc. has a 52-week low of $28.74 and a 52-week high of $38.10. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 10.97 and a beta of 0.74.

WesBanco (NASDAQ:WSBC) last posted 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. WesBanco had a return on equity of 9.83% and a net margin of 21.12%.The firm had revenue of $257.23 million for the quarter, compared to the consensus estimate of $264.52 million. During the same quarter in the prior year, the business earned $0.66 EPS. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, analysts anticipate that WesBanco, Inc. will post 3.61 EPS for the current year.

WesBanco Announces Dividend

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

More WesBanco News

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 Trading of WesBanco

A number of large investors have recently made changes to their positions in WSBC. Goldman Sachs Group Inc. increased its position in shares of WesBanco by 179.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,543,243 shares of the financial services provider’s stock valued at $47,779,000 after buying an additional 991,584 shares in the last quarter. Algebris UK Ltd. bought a new stake in shares of WesBanco in the 3rd quarter valued at $19,863,000. FJ Capital Management LLC increased its position in shares of WesBanco by 771.4% in the 3rd quarter. FJ Capital Management LLC now owns 654,296 shares of the financial services provider’s stock valued at $20,892,000 after buying an additional 579,211 shares in the last quarter. Aristotle Capital Boston LLC bought a new stake in shares of WesBanco in the 4th quarter valued at $11,279,000. Finally, Wellington Management Group LLP increased its position in shares of WesBanco by 13.7% in the 4th quarter. Wellington Management Group LLP now owns 2,764,222 shares of the financial services provider’s stock valued at $91,883,000 after buying an additional 332,585 shares in the last quarter. Institutional investors own 61.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on WSBC shares. Raymond James Financial reissued a “strong-buy” rating and issued a $41.00 price target on shares of WesBanco in a research note on Thursday, March 12th. Piper Sandler cut their price target on WesBanco from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday. Weiss Ratings raised WesBanco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, March 12th. Finally, DA Davidson reissued a “buy” rating and issued a $41.00 price target on shares of WesBanco in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $39.60.

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.