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Director Proctor Gregory S JR of WESBANCO INC (NASDAQ:WSBC), a regional bank with a $3.1 billion market capitalization, acquired 2,000 depositary shares on September 17, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were purchased at a price of $25.00, totaling $50,000. The transaction comes as WesBanco trades at $32.32, with analysts setting price targets ranging from $34 to $42.
The filing indicates that following the transaction, Proctor directly owns 2,000 depositary shares of WesBanco. Each depositary share represents a 1/40th interest in a share of WesBanco, Inc.’s 7.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B no par value per share. The depositary shares were purchased in an underwritten public offering. WesBanco maintains a strong dividend profile, having paid dividends for 49 consecutive years with a current yield of 4.75%. InvestingPro subscribers can access detailed insider trading analysis and 6 additional key insights about WesBanco’s financial health and growth prospects.
The transaction was signed on behalf of Proctor Gregory S JR by /s/ Daniel K. Weiss, Attorney-in-Fact on September 18, 2025.
In other recent news, WesBanco Inc. reported its second-quarter 2025 earnings, revealing a notable shortfall in its earnings per share (EPS) compared to market expectations. The company posted an EPS of $0.57, which was below the anticipated $0.85, resulting in a negative surprise of 32.94%. However, WesBanco slightly exceeded revenue forecasts, reporting $260.73 million against the expected $259.85 million. In corporate developments, WesBanco’s Board of Directors declared a quarterly cash dividend of $0.37 per share, translating to an annualized rate of $1.48 per common share. The dividend is scheduled for payment on October 1, 2025, to shareholders of record as of September 5, 2025. Additionally, WesBanco announced the appointment of Richard Laws as Senior Executive Vice President and Chief Legal Counsel, effective August 18, 2025. Laws, who brings over 25 years of legal experience, will oversee the company’s legal strategy and operations. These developments reflect ongoing changes and financial performance updates at WesBanco.
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