WesBanco (NASDAQ:WSBC) Receives “Buy” Rating from DA Davidson

DA Davidson reissued their buy rating on shares of WesBanco (NASDAQ:WSBC) in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has a $41.00 price target on the financial services provider’s stock.

Other analysts have also recently issued reports about the stock. Weiss Ratings raised shares of WesBanco from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. Piper Sandler upped their target price on WesBanco from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Friday, June 26th. Finally, Zacks Research upgraded WesBanco from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, WesBanco presently has an average rating of “Moderate Buy” and a consensus target price of $40.25.

WesBanco Trading Up 1.3%

Shares of WesBanco stock opened at $40.91 on Wednesday. WesBanco has a 1 year low of $29.18 and a 1 year high of $41.27. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.91. The business has a 50 day moving average price of $36.89 and a 200 day moving average price of $35.60. The company has a market capitalization of $3.93 billion, a P/E ratio of 11.89 and a beta of 0.67.

WesBanco (NASDAQ:WSBC) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.07. The company had revenue of $275.79 million during the quarter, compared to the consensus estimate of $267.71 million. WesBanco had a return on equity of 9.77% and a net margin of 23.35%. Sell-side analysts anticipate that WesBanco will post 3.59 EPS for the current fiscal year.

WesBanco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Friday, June 5th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.7%. The ex-dividend date was Friday, June 5th. WesBanco’s dividend payout ratio is currently 49.03%.

WesBanco declared that its board has approved a stock repurchase plan on Wednesday, May 20th that authorizes the company to repurchase 4,000,000 outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at WesBanco

In other news, EVP Jan Pattishall-Krupinski sold 4,500 shares of the company’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $36.71, for a total value of $165,195.00. Following the completion of the sale, the executive vice president owned 35,924 shares of the company’s stock, valued at $1,318,770.04. This represents a 11.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph R. Robinson purchased 1,000 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was bought at an average price of $34.54 per share, with a total value of $34,540.00. Following the acquisition, the director owned 19,068 shares in the company, valued at $658,608.72. This trade represents a 5.53% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 2.07% of the company’s stock.

Hedge Funds Weigh In On WesBanco

A number of institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd increased its position in shares of WesBanco by 12,500.0% during the fourth quarter. Covestor Ltd now owns 756 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 750 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new position in WesBanco in the fourth quarter valued at about $29,000. GAMMA Investing LLC boosted its holdings in WesBanco by 41.1% in the fourth quarter. GAMMA Investing LLC now owns 1,113 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 324 shares during the last quarter. First Horizon Corp grew its stake in WesBanco by 55.4% during the 4th quarter. First Horizon Corp now owns 1,302 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 464 shares in the last quarter. Finally, Federated Hermes Inc. grew its stake in WesBanco by 71.9% during the 2nd quarter. Federated Hermes Inc. now owns 1,435 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 600 shares in the last quarter. Institutional investors and hedge funds own 61.41% of the company’s stock.

WesBanco News Roundup

Here are the key news stories impacting WesBanco this week:

• Positive Sentiment: WesBanco reported second-quarter 2026 earnings of $0.92 per share, topping analyst estimates, while revenue of $275.79 million also came in ahead of expectations. Article Title
• Positive Sentiment: The company said results were marked by strong annualized loan growth, a top-tier efficiency ratio, and accelerating growth in targeted expansion markets, which supports the outlook for future earnings power. Article Title
• Positive Sentiment: DA Davidson reaffirmed its buy rating on WSBC and set a $41 price target, signaling continued analyst confidence after earnings. Article Title
• Positive Sentiment: WesBanco was included in Time’s Best Companies 2026 list, which may add to the company’s reputation and investor sentiment. Article Title
• Neutral Sentiment: Several follow-up articles and the earnings call transcript are focused on the same quarterly results and provide additional color rather than new catalysts. Article Title
• Neutral Sentiment: Market commentary noted the stock was already close to the analyst target, suggesting limited immediate upside from the current level. Article Title

About WesBanco

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.