Wesbanco EVP Love buys $25,000 in depositary shares

Published 18/09/2025, 16:58
Wesbanco EVP Love buys $25,000 in depositary shares

Wesbanco Inc (NASDAQ:WSBC) EVP - Wealth Management, Scott A Love, reported purchasing 1,000 depositary shares in a transaction dated September 17, 2025. The shares were bought at a price of $25.00, for a total transaction value of $25,000. The purchase price represents a significant discount to the current trading price of $31.86, with analysts setting price targets ranging from $34 to $42. According to InvestingPro data, Wesbanco boasts a robust 4.75% dividend yield and has maintained dividend payments for 49 consecutive years, with 14 years of consecutive increases. The company’s financial health is rated as "FAIR" by InvestingPro’s comprehensive analysis system, which evaluates multiple financial metrics. For deeper insights into Wesbanco’s valuation and growth prospects, investors can access the detailed Pro Research Report, available exclusively on InvestingPro.

In other recent news, WesBanco reported its second-quarter 2025 earnings, which showed a notable discrepancy in its earnings per share (EPS) compared to expectations. The company posted an EPS of $0.57, significantly lower than the projected $0.85, reflecting a negative surprise of 32.94%. However, WesBanco slightly exceeded revenue forecasts, reporting $260.73 million against an anticipated $259.85 million. In another development, WesBanco’s Board of Directors declared a quarterly cash dividend of $0.37 per share, equating to an annualized rate of $1.48 per common share, payable on October 1, 2025. Additionally, the company has appointed Richard Laws as Senior Executive Vice President and Chief Legal Counsel, effective August 18, 2025. Laws brings over 25 years of legal experience and will provide strategic counsel to the executive team and Board of Directors. These recent developments highlight significant changes and financial results for WesBanco.

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