Key Points
- Insider buy: Director Joseph Robinson purchased 1,000 shares on April 27 at an average price of $34.54 (total ~$34,540), increasing his direct stake to 19,068 shares—a 5.53% ownership increase.
- Q1 results: WesBanco reported EPS of $0.91, beating estimates by $0.05, while revenue declined 3.1% year‑over‑year and missed expectations ($257.23M vs. $264.52M).
- Dividends and analyst view: The firm pays a $0.38 quarterly dividend (annualized $1.52) for a ~4.4% yield, and analysts have an overall "Buy" consensus with a $39.60 average price target.
WesBanco, Inc. (NASDAQ:WSBC - Get Free Report) Director Joseph Robinson bought 1,000 shares of the stock in a transaction dated Monday, April 27th. The shares were acquired at an average price of $34.54 per share, for a total transaction of $34,540.00. Following the completion of the purchase, the director directly owned 19,068 shares in the company, valued at approximately $658,608.72. This trade represents a 5.53% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.
WesBanco Trading Up 0.5%
NASDAQ WSBC opened at $34.76 on Wednesday. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 11.21 and a beta of 0.74. WesBanco, Inc. has a one year low of $28.74 and a one year high of $38.10. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.92 and a quick ratio of 0.92. The business's fifty day moving average is $34.74 and its 200-day moving average is $33.88.
WesBanco (NASDAQ:WSBC - Get Free Report) last released its earnings results on Tuesday, April 21st. The financial services provider reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.05. The company had revenue of $257.23 million for the quarter, compared to analysts' expectations of $264.52 million. WesBanco had a return on equity of 9.83% and a net margin of 21.12%.The business's revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.66 EPS. Equities research analysts predict that WesBanco, Inc. will post 3.58 EPS for the current year.
WesBanco Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Friday, March 6th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Friday, March 6th. WesBanco's payout ratio is presently 49.03%.
Analysts Set New Price Targets
WSBC has been the topic of a number of recent analyst reports. Weiss Ratings upgraded WesBanco from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, March 12th. DA Davidson reissued a "buy" rating and issued a $41.00 price objective on shares of WesBanco in a report on Wednesday, April 22nd. Raymond James Financial reissued a "strong-buy" rating and issued a $41.00 price objective on shares of WesBanco in a report on Thursday, March 12th. Finally, Piper Sandler decreased their price objective on WesBanco from $42.00 to $40.00 and set an "overweight" rating for the company in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, WesBanco presently has an average rating of "Buy" and a consensus price target of $39.60.
View Our Latest Analysis on WesBanco
Institutional Investors Weigh In On WesBanco
Several large investors have recently added to or reduced their stakes in WSBC. Covestor Ltd increased its holdings in WesBanco by 12,500.0% in the 4th 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. Smartleaf Asset Management LLC increased its holdings in WesBanco by 255.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 799 shares of the financial services provider's stock worth $26,000 after acquiring an additional 574 shares during the last quarter. First Horizon Corp purchased a new stake in WesBanco in the 3rd quarter worth about $27,000. True Wealth Design LLC increased its holdings in WesBanco by 77.9% in the 3rd quarter. True Wealth Design LLC now owns 877 shares of the financial services provider's stock worth $28,000 after acquiring an additional 384 shares during the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new stake in WesBanco in the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 61.41% of the company's stock.
WesBanco Company Profile
(
Get Free Report)
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.
Further Reading
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