Wesbanco Bank Inc. Cuts Stake in WesBanco, Inc. $WSBC

27 Jun 2026, 09:59 by Michael Walen · The Markets Daily

Wesbanco Bank Inc. lowered its stake in shares of WesBanco, Inc. (NASDAQ:WSBC – Free Report) by 1.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,540,794 shares of the financial services provider’s stock after selling 29,481 shares during the quarter. WesBanco accounts for 1.5% of Wesbanco Bank Inc.’s holdings, making the stock its 11th largest position. Wesbanco Bank Inc.’s holdings in WesBanco were worth $53,142,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Royal Bank of Canada boosted its position in shares of WesBanco by 52.2% during the first quarter. Royal Bank of Canada now owns 59,983 shares of the financial services provider’s stock worth $1,858,000 after acquiring an additional 20,585 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in WesBanco by 56.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,100 shares of the financial services provider’s stock valued at $1,582,000 after acquiring an additional 18,347 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in WesBanco by 1,553.3% in the 1st quarter. Jones Financial Companies Lllp now owns 2,017 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 1,895 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in 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 worth $47,779,000 after purchasing an additional 991,584 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in WesBanco by 60.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 216,545 shares of the financial services provider’s stock worth $6,704,000 after purchasing an additional 81,319 shares in the last quarter. Hedge funds and other institutional investors own 61.41% of the company’s stock.

Analysts Set New Price Targets

WSBC has been the subject of several research reports. Zacks Research upgraded WesBanco from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Piper Sandler lifted their target price on WesBanco from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Friday. Raymond James Financial restated a “strong-buy” rating and issued a $41.00 price target on shares of WesBanco in a research report on Thursday, March 12th. Weiss Ratings raised shares of WesBanco from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. Finally, DA Davidson reiterated a “buy” rating and set a $41.00 price objective on shares of WesBanco in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $40.25.

Check Out Our Latest Report on WSBC

Insider Activity

In other WesBanco news, EVP Jan Pattishall-Krupinski sold 4,500 shares of the firm’s stock in a transaction dated Monday, June 22nd. The shares were 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 trade represents a 11.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lee J. Burdman acquired 3,000 shares of the business’s stock in a transaction on Thursday, April 23rd. The stock was acquired at an average cost of $33.60 per share, for a total transaction of $100,800.00. Following the transaction, the director directly owned 46,772 shares in the company, valued at $1,571,539.20. The trade was a 6.85% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have acquired 7,000 shares of company stock worth $236,500. 2.07% of the stock is currently owned by insiders.

WesBanco Price Performance

Shares of WesBanco stock opened at $38.80 on Friday. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 12.52 and a beta of 0.68. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 0.92. The stock has a 50 day moving average price of $35.00 and a 200-day moving average price of $34.91. WesBanco, Inc. has a one year low of $29.18 and a one year high of $39.25.

WesBanco (NASDAQ:WSBC – Get Free Report) last released its earnings results on Tuesday, April 21st. The financial services provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.05. WesBanco had a return on equity of 9.76% 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 previous year, the company posted $0.66 EPS. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. Equities analysts expect that WesBanco, Inc. will post 3.59 EPS for the current year.

WesBanco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 5th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, June 5th. This represents a $1.52 dividend on an annualized basis and a yield of 3.9%. WesBanco’s payout ratio is 49.03%.

WesBanco declared that its board has approved a stock repurchase program on Wednesday, May 20th that permits the company to buyback 4,000,000 outstanding shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

About WesBanco

(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.