WesBanco
WSBC

$32.78

4.38%

Market Cap: 1.95B

About: Wesbanco Inc is a bank holding company that offers a full range of financial services, including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking, and insurance. The company has two reportable segments: community banking and trust and investment services. WesBanco operates one commercial bank, WesBanco Bank, which runs scores of branches. Its market service area primarily includes the Rust Belt region of the United States. Commercial real estate accounts for nearly half of the bank's loan portfolio. The bank has historically grown through both organic growth and acquisitions. The bank's primary component of net revenue is net interest income.

Employees: 2,321

Financials National Commercial Banks

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 3 analysts

0

News positive %

of 13 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

17% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 23

2% more funds holding

Funds holding: 197 [Q4 2023] → 201 (+4) [Q1 2024]

0.95% more ownership

Funds ownership: 61.13% [Q4 2023] → 62.09% (+0.95%) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]

3% less capital invested

Capital invested by funds: $1.14B [Q4 2023] → $1.1B (-$38.9M) [Q1 2024]

11% less repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 65

77% less call options, than puts

Call options by funds: $63K | Put options by funds: $274K

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Research analyst outlook

3 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$27

18%

downside

Avg. target

$30

9%

downside

High target

$32

2%

downside

3 analyst ratings

0 positive

0%

3 neutral

100%

0 negative

0%

Stephens & Co. Russell Gunther	18%downside $27	Equal-Weight Maintained	25 Apr 2024
Stephens & Co. Russell Gunther	8%downside $30	Equal-Weight Reiterated	24 Apr 2024
RBC Capital Jon Arfstrom	2%downside $32	Sector Perform Reiterated	9 Apr 2024

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Financial journalist opinion

Based on 13 articles about WSBC published over the past 30 days

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Premier Financial Corp.

NEW YORK , July 26, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Premier Financial Corp. (NASDAQ: PFC) and its board of directors concerning the proposed acquisition of the company by WesBanco, Inc. (NASDAQ: WSBC). Stockholders will receive 0.80 shares of WesBanco common stock for each share of Premier Financial stock that they hold.

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Premier Financial Corp.

WesBanco, Inc. (WSBC) Q2 2024 Earnings Call Transcript

WesBanco, Inc. (NASDAQ:WSBC ) Q2 2024 Earnings Conference Call July 26, 2024 10:00 AM ET Company Participants John Iannone - Senior Vice President, Investor Relations Jeff Jackson - President & Chief Executive Officer Dan Weiss - Senior Executive Vice President & Chief Financial Officer Conference Call Participants Karl Shepard - RBC Capital Markets Catherine Mealor - KBW Russell Gunther - Stephens David Bishop - Hovde Group Daniel Cardenas - Janney Montgomery Scott Manuel Navas - D.A. Davidson Operator Good morning and welcome to the WesBanco, Inc.'s Second Quarter 2024 Earnings and Proposed Merger Conference Call.

WesBanco, Inc. (WSBC) Q2 2024 Earnings Call Transcript

Zacks Investment Research

WesBanco (WSBC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

While the top- and bottom-line numbers for WesBanco (WSBC) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

WesBanco (WSBC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Investment Research

WesBanco (WSBC) Q2 Earnings Miss Estimates

WesBanco (WSBC) came out with quarterly earnings of $0.49 per share, missing the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.71 per share a year ago.

WesBanco (WSBC) Q2 Earnings Miss Estimates

WSBC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of WesBanco, Inc. Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of WesBanco, Inc. (NASDAQ: WSBC) and Premier Financial Corp. is fair to WesBanco shareholders. Upon completion of the proposed transaction, WesBanco shareholders will own approximately 62% of the combined company. Halper Sadeh encourages WesBanco shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or s.

WSBC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of WesBanco, Inc. Is Fair to Shareholders

Regional lender WesBanco to buy smaller rival Premier Financial in $959 mln deal

WesBanco has agreed to buy smaller rival Premier Financial in an all-stock deal valued at $959 million, the lenders said on Friday, offering another sign of growing consolidation in the U.S. regional banking industry.

Regional lender WesBanco to buy smaller rival Premier Financial in $959 mln deal

WesBanco, Inc. Announces Transformative Merger with Premier Financial Corp.

Creates a community-focused, regional financial services partner with $27+ billion in assets Announces $200 million in capital commitments in support of the merger WHEELING, W.Va. , July 26, 2024 /PRNewswire/ -- WesBanco, Inc. ("WesBanco") (NASDAQ: WSBC) and Premier Financial Corp. ("Premier") (NASDAQ: PFC) jointly announced today that they have executed a definitive Agreement and Plan of Merger ("Agreement") providing for the merger of Premier with and into WesBanco.

WesBanco, Inc. Announces Transformative Merger with Premier Financial Corp.

WesBanco Announces Second Quarter 2024 Financial Results

Marks eight consecutive quarters of strong year-over-year loan growth averaging 9% WHEELING, W.Va. , July 26, 2024 /PRNewswire/ -- WesBanco, Inc. ("WesBanco") (Nasdaq: WSBC), a diversified, multi-state bank holding company, today announced net income and related earnings per share for the three and six months ended June 30, 2024.

WesBanco Announces Second Quarter 2024 Financial Results

WesBanco Bank Earns 2024 Designation of Savings Excellence Award from America Saves

Award recognizes exceptional efforts to promote savings during America Saves Week WHEELING, W.Va. , July 22, 2024 /PRNewswire/ -- WesBanco, Inc. (Nasdaq: WSBC), a diversified, multi-state bank holding company, announces that its affiliate, WesBanco Bank, has earned the America Saves Designation of Savings Excellence (DOSE) award for the ninth consecutive year.

WesBanco Bank Earns 2024 Designation of Savings Excellence Award from America Saves

WesBanco Inc. Named to Newsweek's America's Greatest Workplaces

Recognized for building a culture of engagement, belonging and opportunity WHEELING, W.Va. , July 17, 2024 /PRNewswire/ -- WesBanco, Inc. (Nasdaq: WSBC), a diversified, multi-state bank holding company, announced today that Newsweek and Plant-A Insights Group have recognized it as one of America's Greatest Workplaces for 2024.

WesBanco Inc. Named to Newsweek's America's Greatest Workplaces

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