WesBanco (NASDAQ:WSBC) Stock Unloaded by Rep. Michael A. Rulli

Key Points

• Rep. Michael A. Rulli sold $1,001–$15,000 of WesBanco stock on October 16 from his Merrill Lynch Roth IRA, according to a congressional disclosure.
• WesBanco shares opened at $37.63, while the company recently exceeded quarterly expectations with $0.92 in EPS versus the $0.85 consensus and $275.79 million in revenue.
• The stock pays a quarterly dividend of $0.38, equivalent to a 4.0% annualized yield. Analysts hold a consensus “Hold” rating with an average price target of $43.60.

Representative Michael A. Rulli (Republican-Ohio) recently sold shares of WesBanco, Inc. NASDAQ: WSBC. In a filing disclosed on October 19th, the Representative disclosed that they had sold between $1,001 and $15,000 in WesBanco stock on October 16th. The trade occurred in the Representative's "MERRILL LYNCH ROTH IRA" account.

Representative Michael A. Rulli also recently made the following trade(s):

• Sold $50,001 - $100,000 in shares of Alphabet NASDAQ: GOOG on 10/16/2026.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 9/28/2026.
• Sold $1,001 - $15,000 in shares of Wells Fargo & Company NYSE: WFC on 9/3/2026.
• Purchased $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 9/3/2026.
• Sold $50,001 - $100,000 in shares of Alphabet NASDAQ: GOOGL on 8/24/2026.
• Sold $1,001 - $15,000 in shares of Allstate NYSE: ALL on 8/12/2026.
• Purchased $1,001 - $15,000 in shares of Equinix NASDAQ: EQIX on 8/7/2026.
• Sold $1,001 - $15,000 in shares of Crown Castle NYSE: CCI on 8/6/2026.

WesBanco Stock Performance

NASDAQ WSBC opened at $37.63 on Wednesday. The company has a 50-day simple moving average of $39.35 and a two-hundred day simple moving average of $37.83. WesBanco, Inc. has a 12-month low of $29.57 and a 12-month high of $43.02. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 10.94 and a beta of 0.69. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.43.

WesBanco (NASDAQ:WSBC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.07. The business had revenue of $275.79 million for the quarter, compared to analysts' expectations of $267.71 million. WesBanco had a return on equity of 9.72% and a net margin of 23.35%. On average, equities analysts forecast that WesBanco, Inc. will post 3.57 EPS for the current year.

WesBanco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Friday, September 4th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $1.52 annualized dividend and a yield of 4.0%. WesBanco's payout ratio is currently 44.19%.

Analyst Ratings Changes

A number of equities research analysts recently commented on WSBC shares. Weiss Ratings reiterated a "buy (b)" rating on shares of WesBanco in a report on Monday, August 3rd. Raymond James Financial cut shares of WesBanco from a "strong-buy" rating to a "market perform" rating in a research report on Tuesday, October 6th. Wall Street Zen downgraded WesBanco from a "hold" rating to a "sell" rating in a report on Saturday. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $44.00 price target on shares of WesBanco in a research report on Monday, September 14th. Finally, DA Davidson set a $46.00 price objective on WesBanco in a report on Thursday, July 23rd. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $43.60.

Insiders Place Their Bets

In other news, EVP Jan Pattishall-Krupinski sold 2,500 shares of WesBanco stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $41.91, for a total transaction of $104,775.00. Following the completion of the transaction, the executive vice president directly owned 33,484 shares in the company, valued at approximately $1,403,314.44. This trade represents a 6.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Denise Knouse-Snyder sold 3,070 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $40.89, for a total transaction of $125,532.30. Following the sale, the director directly owned 15,035 shares in the company, valued at $614,781.15. This trade represents a 16.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 35,195 shares of company stock valued at $1,465,800 in the last 90 days. Corporate insiders own 2.07% of the company's stock.

Institutional Investors Weigh In On WesBanco

Several institutional investors and hedge funds have recently modified their holdings of the stock. Nykredit A S bought a new position in shares of WesBanco in the 2nd quarter worth approximately $40,000. Public Employees Retirement System of Ohio bought a new stake in shares of WesBanco during the second quarter valued at approximately $57,000. Rockefeller Capital Management L.P. boosted its position in shares of WesBanco by 36.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,572 shares of the financial services provider's stock valued at $86,000 after purchasing an additional 692 shares in the last quarter. GAMMA Investing LLC grew its stake in WesBanco by 39.0% in the third quarter. GAMMA Investing LLC now owns 2,546 shares of the financial services provider's stock worth $95,000 after purchasing an additional 714 shares during the period. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in WesBanco in the first quarter worth $126,000. 61.41% of the stock is owned by hedge funds and other institutional investors.

About Representative Rulli

Michael Rulli (Republican Party) is a member of the U.S. House, representing Ohio's 6th Congressional District. He assumed office on June 25, 2024. His current term ends on January 3, 2027. Rulli (Republican Party) is running for re-election to the U.S. House to represent Ohio's 6th Congressional District. He declared candidacy for the 2026 election. Michael Rulli graduated from Poland Seminary High School. He earned a degree from Emerson College. Rulli's career experience includes working as the director of operations with Rulli Bros. Markets.

WesBanco Company Profile

WesBanco, Inc NASDAQ: WSBC is a regional financial services holding company headquartered in Wheeling, West Virginia. Through its principal subsidiary, WesBanco Bank, the company provides banking and financial services to individuals, families, businesses and institutions.

Its offerings include consumer and commercial deposit accounts, residential and commercial real estate lending, business loans, personal and corporate credit services, mortgage banking and other traditional banking products.

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