WesBanco, Inc. $WSBC Stock Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its stake in shares of WesBanco, Inc. (NASDAQ:WSBC) by 44.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 19,712 shares of the financial services provider’s stock after selling 15,964 shares during the quarter. State of Alaska Department of Revenue’s holdings in WesBanco were worth $736,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WSBC. Nykredit A S purchased a new stake in WesBanco in the 2nd quarter valued at $40,000. Public Employees Retirement System of Ohio purchased a new position in shares of WesBanco during the 2nd quarter worth $57,000. Rockefeller Capital Management L.P. raised its holdings in shares of WesBanco by 36.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,572 shares of the financial services provider’s stock worth $86,000 after acquiring an additional 692 shares during the period. GAMMA Investing LLC raised its holdings in shares of WesBanco by 39.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,546 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 714 shares during the period. Finally, Cassaday & Co Wealth Management LLC acquired a new position in shares of WesBanco during the 1st quarter valued at about $126,000. Institutional investors and hedge funds own 61.41% of the company’s stock.

Key Stories Impacting WesBanco

Here are the key news stories impacting WesBanco this week:

• Positive Sentiment: WesBanco reported third-quarter earnings of $0.89 per share, exceeding consensus estimates of $0.87-$0.88. The beat provides a positive catalyst, although earnings were below the $0.94 reported in the prior-year quarter. WesBanco Q3 Earnings Surpass Estimates
• Positive Sentiment: Management highlighted strong annualized loan growth, a solid efficiency ratio and accelerating growth in targeted expansion markets, suggesting continued progress in the bank’s growth strategy. WesBanco Announces Third Quarter 2026 Financial Results
• Positive Sentiment: The company delivered a 23.35% net margin and 9.72% return on equity, supporting the view that operating profitability and shareholder returns remain solid. WesBanco Third-Quarter Earnings Results
• Neutral Sentiment: Third-quarter revenue rose to $272.74 million, but the result was slightly below the $274.88 million analyst forecast. The revenue miss limits the strength of the earnings beat. WesBanco Misses Q3 Sales Expectations
• Negative Sentiment: Adjusted earnings declined from the year-ago period, indicating that the quarterly EPS beat was driven primarily by performance relative to estimates rather than year-over-year earnings growth. WesBanco Adjusted Earnings Fall

Wall Street Analysts Forecast Growth

WSBC has been the subject of several recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of WesBanco in a research report on Monday, August 3rd. Piper Sandler reduced their target price on shares of WesBanco from $46.00 to $45.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 6th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $44.00 target price on shares of WesBanco in a report on Monday, September 14th. Wall Street Zen cut shares of WesBanco from a “hold” rating to a “sell” rating in a research note on Saturday, October 17th. Finally, DA Davidson set a $46.00 price target on shares of WesBanco in a research note on Thursday, July 23rd. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $43.60.

Insider Activity

In other WesBanco news, Director Denise Knouse-Snyder sold 3,070 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $40.89, for a total transaction of $125,532.30. Following the sale, the director directly owned 15,035 shares in the company, valued at $614,781.15. This represents a 16.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kimberly Griffith sold 6,875 shares of WesBanco stock in a transaction on Monday, July 27th. The shares were sold at an average price of $41.20, for a total value of $283,250.00. Following the completion of the transaction, the executive vice president owned 15,858 shares of the company’s stock, valued at approximately $653,349.60. This trade represents a 30.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 35,195 shares of company stock worth $1,465,800 over the last 90 days. Company insiders own 2.07% of the company’s stock.

WesBanco Trading Up 3.9%

WSBC opened at $39.13 on Friday. WesBanco, Inc. has a 52 week low of $29.57 and a 52 week high of $43.02. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. The business has a fifty day simple moving average of $39.18 and a 200-day simple moving average of $37.88. The firm has a market cap of $3.75 billion, a P/E ratio of 11.38 and a beta of 0.69.

WesBanco (NASDAQ:WSBC) last posted its quarterly earnings data on Wednesday, October 21st. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.01. WesBanco had a return on equity of 9.59% and a net margin of 23.70%. The firm had revenue of $272.74 million for the quarter, compared to the consensus estimate of $274.88 million. On average, equities analysts expect that WesBanco, Inc. will post 3.57 earnings per share for the current year.

WesBanco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Friday, September 4th were paid a dividend of $0.38 per share. The ex-dividend date was Friday, September 4th. This represents a $1.52 dividend on an annualized basis and a yield of 3.9%. WesBanco’s dividend payout ratio is 44.19%.

About WesBanco

WesBanco, Inc (NASDAQ: WSBC) is a regional financial services holding company headquartered in Wheeling, West Virginia. Through its principal subsidiary, WesBanco Bank, the company provides banking and financial services to individuals, families, businesses and institutions.

Its offerings include consumer and commercial deposit accounts, residential and commercial real estate lending, business loans, personal and corporate credit services, mortgage banking and other traditional banking products.