WesBanco Inc. [WSBC] Investment Guide: What You Need to Know


WesBanco Inc.’s recently made public that its Director Proctor Gregory S JR acquired Company’s shares for reported $98268.0 on Jun 08. In the deal valued at $28.08 per share,3,500 shares were bought. As a result of this transaction, Proctor Gregory S JR now holds 41,913 shares worth roughly $ 1.11 million.

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Then, Love Scott A bought 1,000 shares, generating $24,403 in total proceeds. Upon buying the shares at $24.40, the EVP – Wealth Management now owns 9,000 shares.

Before that, Jackson Jeffrey H bought 5,000 shares. WesBanco Inc. shares valued at $111,689 were divested by the SEVP & COO at a price of $22.34 per share. As a result of the transaction, Jackson Jeffrey H now holds 17,627 shares, worth roughly $0.47 million.

Stephens initiated its WesBanco Inc. [WSBC] rating to an Equal-weight in a research note published on Friday, April 04, 2023; the price target was $28. PT values the company’s stock at a premium of 5.71 to its Friday closing price.

Price Performance Review of WSBC

On Friday, WesBanco Inc. [NASDAQ:WSBC] saw its stock jump 4.10% to $26.40. On the same session, the stock had its day’s lowest price of $25.61, but rose to a high of $26.50. Over the last five days, the stock has gained 5.52%. WesBanco Inc. shares have fallen nearly -28.61% since the year began. Nevertheless, the stocks have fallen -22.83% over the past one year. While a 52-week high of $41.37 was reached on 02/03/23, a 52-week low of $19.84 was recorded on 05/04/23. SMA at 50 days reached $26.52, while 200 days put it at $31.09. A total of 0.19 million shares were traded, compared to the trading of 0.17 million shares in the previous session.

Levels Of Support And Resistance For WSBC Stock

The 24-hour chart illustrates a support level at 25.84, which if violated will result in even more drops to 25.28. On the upside, there is a resistance level at 26.73. A further resistance level may holdings at 27.06. The Relative Strength Index (RSI) on the 14-day chart is 52.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.45%. Stochastics %K at 38.77% indicates the stock is a holding.

How much short interest is there in WesBanco Inc.?

A steep rise in short interest was recorded in WesBanco Inc. stocks on Aug 14, 2023, dropping by -0.11 million shares to a total of 0.65 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.75 million shares. There was a decline of -16.51%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.11% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.16.

WesBanco Inc. [WSBC] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 5,789,125 shares, or roughly 9.77% of the outstanding WSBC shares. In other words, the investor’s shares have fallen by -57,856 from its previous 13-F filing of 5846981.0. Additionally, Dimensional Fund Advisors LP decreased -6.24% of its stake after which the total value it holdings stand at $122,601,171, while BlackRock Fund Advisors reduced -0.95% of its stake to hold $113.56 million in the firm. Over the last quarter, Macquarie Investment Management B purchased 24,251 shares of WesBanco Inc., while SSgA Funds Management, Inc. bought 43,024 shares. At present, WesBanco Bank, Inc. is holding 1,740,308 shares valued at $48.75 million. EARNEST Partners LLC owned 1,343,882 shares of the company at the time of its most recent 13F filing, worth $37.64 million.

According to FactSet, WesBanco Inc.’s share price will average $29.86 in the next year, based on opinions of analysts polled by the firm. This is up nearly 18.3 percent from its previous closing price of $25.36. Analysts expect WesBanco Inc. stock to reach the higher price of $33.00, while the lowest price estimate is $27.00. However, 8 analysts have rated WSBC stock as a Hold in their predictions for 2023.


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