Wesbanco, Inc (NASDAQ: WSBC) is -1.84% lower on its value in year-to-date trading and has touched a low of $25.56 and a high of $37.36 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WSBC stock was last observed hovering at around $31.71 in the last trading session, with the day’s gains setting it 0.23%.
Currently trading at $31.94, the stock is -0.85% and -6.45% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.2 million and changing 0.73% at the moment leaves the stock 4.47% off its SMA200. WSBC registered 11.13% gain for a year compared to 6-month gain of -0.87%. The firm has a 50-day simple moving average (SMA 50) of $34.1434 and a 200-day simple moving average (SMA200) of $30.57365.
The stock witnessed a -9.52% loss in the last 1 month and extending the period to 3 months gives it a 1.85%, and is 5.20% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.43% over the week and 2.73% over the month.
Wesbanco, Inc (WSBC) has around 2321 employees, a market worth around $2.14B and $921.02M in sales. Current P/E ratio is 15.34 and Fwd P/E is 10.18. Profit margin for the company is 13.76%. Distance from 52-week low is 24.96% and -14.51% from its 52-week high. The company has generated returns on investments over the last 12 months (2.98%).
with sales reaching $156.65M over the same period.The EPS is expected to shrink by -16.07% this year, but quarterly earnings will post -0.71% year-over-year. Quarterly sales are estimated to grow 5.09% in year-over-year returns.
Wesbanco, Inc (WSBC) Top Institutional Holders
318.0 institutions hold shares in Wesbanco, Inc (WSBC), with institutional investors hold 71.08% of the company’s shares. The shares outstanding are 66.87M, and float is at 64.87M with Short Float at 3.92%. Institutions hold 69.00% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 5.99 million shares valued at $167.07 million. The investor’s holdings represent 10.0803% of the WSBC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 5.28 million shares valued at $147.39 million to account for 8.8933 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 4.1 million shares representing 6.9031% and valued at over $114.41 million, while STATE STREET CORP holds 3.1986 of the shares totaling 1.9 million with a market value of $53.63 million.
Wesbanco, Inc (WSBC) Insider Activity
The most recent transaction is an insider sale by Clossin Todd, the company’s Director. SEC filings show that Clossin Todd sold 5,000 shares of the company’s common stock on Nov 12 ’24 at a price of $36.08 per share for a total of $0.18 million. Following the sale, the insider now owns 0.14 million shares.
Still, SEC filings show that on Nov 08 ’24, Perkins Michael L (SEVP/Chief Risk Admin Officer) disposed off 1,125 shares at an average price of $34.87 for $39229.0. The insider now directly holds 46,817 shares of Wesbanco, Inc (WSBC).
