The SR EVP & Chief Banking Officer of WesBanco is Exercising Options

By Carrie Williams

Today it was reported that the SR EVP & Chief Banking Officer of WesBanco (WSBCResearch Report), Jayson Zatta, exercised options to sell 1,500 WSBC shares at $28.79 a share, for a total transaction value of $54.47K. The options were close to expired and Jayson Zatta disposed stocks.

Following Jayson Zatta’s last WSBC Sell transaction on February 08, 2021, the stock climbed by 6.2%. This is Zatta’s first Sell trade following 3 Buy transactions.

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Based on WesBanco’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $150 million and quarterly net profit of $73.12 million. In comparison, last year the company earned revenue of $148 million and had a net profit of $23.4 million. The company has a one-year high of $38.72 and a one-year low of $17.46. WSBC’s market cap is $2.51 billion and the company has a P/E ratio of 14.70.

Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $37.00, reflecting a 0.5% upside.

In the last 30 days, insiders have sold $54.47K worth of WSBC shares and purchased $598.5K worth of WSBC shares. The insider sentiment on WesBanco has been negative according to 65 insider trades in the past three months. This sentiment is slightly 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. The Community Banking segment offers services traditionally offered by service commercial banks, including commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and certain non-traditional offerings, such as insurance and securities brokerage services. The Trust & Investment Services segment offers trust services as well as various alternative investment products including mutual funds. The company was founded on April 3, 1870 and is headquartered in Wheeling, WV.