Today it was reported that the EVP & CFO of WesBanco Inc (NASDAQ: WSBC), Robert H. Young, exercised options to sell 2,000 WSBC shares at $28.79 a share, for a total transaction value of $101.4K.
Following Robert H. Young’s last WSBC Sell transaction on November 17, 2016, the stock climbed by 14.0%. In addition to Robert H. Young, 2 other WSBC executives reported Sell trades in the last month.
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Based on WesBanco Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $122 million and quarterly net profit of $33.17 million. In comparison, last year the company earned revenue of $104 million and had a net profit of $26.34 million. WSBC’s market cap is $2.38B and the company has a P/E ratio of 20.96. Currently, WesBanco Inc has an average volume of 186.8K.
Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $49.50, reflecting a -2.2% downside.
The insider sentiment on WesBanco Inc has been negative according to 31 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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WesBanco, Inc. is a bank holding company. It offers financial services including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking and insurance. The company operates through the following segments: Community Banking, and Trust & Investment Services.
