U.S. Markets open in 2 mins

Should You Be Worried About Insider Transactions At WesBanco, Inc. (NASDAQ:WSBC)?

Simply Wall St

We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is that there are more than a few examples of insiders dumping stock prior to a period of weak performance. So we'll take a look at whether insiders have been buying or selling shares in WesBanco, Inc. (NASDAQ:WSBC).

What Is Insider Buying?

It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. However, most countries require that the company discloses such transactions to the market.

We would never suggest that investors should base their decisions solely on what the directors of a company have been doing. But it is perfectly logical to keep tabs on what insiders are doing. For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.'

Check out our latest analysis for WesBanco

WesBanco Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the insider, Brent Richmond, sold US$194k worth of shares at a price of US$36.53 per share. So what is clear is that an insider saw fit to sell at around the current price of US$34.83. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign. Brent Richmond was the only individual insider to sell shares in the last twelve months.

Over the last year, we can see that insiders have bought 3201 shares worth US$124k. On the other hand they divested 9329 shares, for US$377k. Brent Richmond sold a total of 9329 shares over the year at an average price of US$40.42. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

NasdaqGS:WSBC Recent Insider Trading, August 14th 2019

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 3.2% of WesBanco shares, worth about US$61m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The WesBanco Insider Transactions Indicate?

An insider hasn't bought WesBanco stock in the last three months, but there was some selling. And our longer term analysis of insider transactions didn't bring confidence, either. On the plus side, WesBanco makes money, and is growing profits. While insiders do own shares, they don't own a heap, and they have been selling. We're in no rush to buy! Of course, the future is what matters most. So if you are interested in WesBanco, you should check out this free report on analyst forecasts for the company.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.

  • Should You Worry About Packaging Corporation of America's (NYSE:PKG) CEO Pay?
    Business
    Simply Wall St.

    Should You Worry About Packaging Corporation of America's (NYSE:PKG) CEO Pay?

    In 2010 Mark Kowlzan was appointed CEO of Packaging Corporation of America (NYSE:PKG). This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. At the time of writing, our data says that Packaging Corporation of America has a market cap of US$10b, and reported total annual CEO compensation of US$10m for the year to December 2018.

  • Business
    Thomson Reuters StreetEvents

    Edited Transcript of CMD earnings conference call or presentation 10-Dec-19 1:30pm GMT

    Q1 2020 Cantel Medical Corp Earnings Call

  • Is Sify Technologies Limited's (NASDAQ:SIFY) CEO Paid Enough Relative To Peers?
    Business
    Simply Wall St.

    Is Sify Technologies Limited's (NASDAQ:SIFY) CEO Paid Enough Relative To Peers?

    In 2012 Kamal Nath was appointed CEO of Sify Technologies Limited (NASDAQ:SIFY). First, this article will compare CEO compensation with compensation at similar sized companies. At the time of writing, our data says that Sify Technologies Limited has a market cap of US$196m, and reported total annual CEO compensation of ₹15m for the year to March 2019.

  • Hedge Funds Are Dumping Aeglea BioTherapeutics, Inc. (AGLE)
    Business
    Insider Monkey

    Hedge Funds Are Dumping Aeglea BioTherapeutics, Inc. (AGLE)

    The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing more than 750 13F filings submitted by hedge funds and prominent investors. Aeglea BioTherapeutics, Inc. (NASDAQ:AGLE) was in 13 hedge funds' portfolios at the end of September.

  • Hedge Funds Have Never Been More Bullish On Gates Industrial Corporation plc (GTES)
    Business
    Insider Monkey

    Hedge Funds Have Never Been More Bullish On Gates Industrial Corporation plc (GTES)

    Hedge fund activity in Gates Industrial Corporation plc (NYSE:GTES) At the end of the third quarter, a total of 14 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 8% from the previous quarter. By comparison, 9 hedge funds held shares or bullish call options in GTES a year ago. With the smart money's positions undergoing their usual ebb and flow, there exists a few notable hedge fund managers who were upping their stakes substantially (or already accumulated large positions).

  • Hedge Funds Have Never Been This Bullish On B. Riley Financial, Inc. (RILY)
    Business
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On B. Riley Financial, Inc. (RILY)

    That's why we believe it isn't a waste of time to check out hedge fund sentiment before you invest in a stock like B. Riley Financial, Inc. NASDAQ:RILY). B. Riley Financial, Inc.

  • Should You Take Comfort From Insider Transactions At Agree Realty Corporation (NYSE:ADC)?
    Business
    Simply Wall St.

    Should You Take Comfort From Insider Transactions At Agree Realty Corporation (NYSE:ADC)?

    So shareholders might well want to know whether insiders have been buying or selling shares in Agree Realty Corporation (NYSE:ADC). What Is Insider Buying? Most investors know that it is quite permissible for company leaders, such as directors of the board, to buy and sell stock in the company.

  • Costco pops after releasing first-quarter results
    Business
    Yahoo Finance Video

    Costco pops after releasing first-quarter results

    Yahoo Finance's Seana Smith breaks down Costco's first-quarter earnings results live.

  • Business
    Market Exclusive

    Pyxus’ Figr Brands Enters Ontario Cannabis Market

    Pyxus International (NYSE: PYX) has announced that its subsidiary Figr Brands has entered Ontario's cannabis market. The company's cannabis products are available for sale online through the province's Ontario Cannabis Store, as well as at various retail locations. “The entrance into Ontario marks yet another significant milestone for Figr as it continues to expand its footprint across Canada,” Pyxus CEO Pieter Sikkel said in a statement.

  • Hedge Funds Dropped The Ball On Zebra Technologies Corporation (ZBRA)
    Business
    Insider Monkey

    Hedge Funds Dropped The Ball On Zebra Technologies Corporation (ZBRA)

    That's why we believe it isn't a waste of time to check out hedge fund sentiment before you invest in a stock like Zebra Technologies Corporation (NASDAQ:ZBRA). Is Zebra Technologies Corporation (NASDAQ:ZBRA) the right investment to pursue these days? The best stock pickers are becoming less confident.

  • Chewy, Inc. Third-Quarter Results: Here's What Analysts Are Forecasting For Next Year
    Business
    Simply Wall St.

    Chewy, Inc. Third-Quarter Results: Here's What Analysts Are Forecasting For Next Year

    Losses were smaller than analysts expected, coming in at US$0.20 per share. Analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. Taking into account the latest results, the latest consensus from Chewy's eleven analysts is for revenues of US$6.23b in 2021, which would reflect a major 36% improvement in sales compared to the last 12 months.

  • Hedge Funds Are Dumping AK Steel Holding Corporation (AKS)
    Business
    Insider Monkey

    Hedge Funds Are Dumping AK Steel Holding Corporation (AKS)

    That's why we believe it isn't a waste of time to check out hedge fund sentiment before you invest in a stock like AK Steel Holding Corporation (NYSE:AKS). AK Steel Holding Corporation (NYSE:AKS) has seen a decrease in enthusiasm from smart money in recent months. Our calculations also showed that AKS isn't among the 30 most popular stocks among hedge funds (click for Q3 rankings and see the video below for Q2 rankings).

  • Are Insiders Buying SmileDirectClub, Inc. (NASDAQ:SDC) Stock?
    Business
    Simply Wall St.

    Are Insiders Buying SmileDirectClub, Inc. (NASDAQ:SDC) Stock?

    We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. So before you buy or sell SmileDirectClub, Inc.

  • Trade Alert: The Chief Scientific Officer Of Sage Therapeutics, Inc. (NASDAQ:SAGE), Albert Robichaud, Has Just Spent US$1.6m Buying Shares
    Business
    Simply Wall St.

    Trade Alert: The Chief Scientific Officer Of Sage Therapeutics, Inc. (NASDAQ:SAGE), Albert Robichaud, Has Just Spent US$1.6m Buying Shares

    Sage Therapeutics, Inc. (NASDAQ:SAGE) shareholders (or potential shareholders) will be happy to see that the Chief Scientific Officer, Albert Robichaud, recently bought a whopping US$1.6m worth of stock, at a price of US$64.16. Notably, that recent purchase by Albert Robichaud is the biggest insider purchase of Sage Therapeutics shares that we've seen in the last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below.

  • This Is What a Comfortable Retirement Will Cost You in Every State
    News
    GOBankingRates

    This Is What a Comfortable Retirement Will Cost You in Every State

    To be more precise, you'd need to save $2,017,597.95 to comfortably cover living expenses for 20 years in retirement. It takes over $100,000 per year to comfortably live in Washington thanks to high housing costs of $44,704 and the highest cost of groceries in the nation. California A comfortable retirement costs: $85,893.44 a year Costs in the Golden State are exceedingly high, primarily due to housing costs at about double the national average and the second-highest transportation costs in the country.

  • Is Kraton Corporation (KRA) Going To Burn These Hedge Funds ?
    Business
    Insider Monkey

    Is Kraton Corporation (KRA) Going To Burn These Hedge Funds ?

    We aren't sure whether value stocks outperform growth, but we follow hedge fund investor letters to understand where the markets and stocks might be going. This article will lay out and discuss the hedge fund and institutional investor sentiment towards Kraton Corporation (NYSE:KRA). Kraton Corporation (NYSE:KRA) was in 15 hedge funds' portfolios at the end of September.

  • Hedge Funds Have Never Been This Bullish On ZIOPHARM Oncology Inc. (ZIOP)
    Business
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On ZIOPHARM Oncology Inc. (ZIOP)

    Is ZIOPHARM Oncology Inc. NASDAQ:ZIOP) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research.

  • General Electric climbs after UBS upgrade
    Business
    Yahoo Finance Video

    General Electric climbs after UBS upgrade

    GE shares are climbing after UBS upgraded the stock to a 'buy' and raised its price target. Yahoo Finance's Brian Cheung joins Seana Smith on The Ticker to discuss.

  • Hedge Funds Have Never Been This Bullish On Worthington Industries, Inc. (WOR)
    Business
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Worthington Industries, Inc. (WOR)

    Hedge funds' top 3 stock picks returned 41.7% this year and beat the S&P 500 ETFs by 14 percentage points. Investing in index funds guarantees you average returns, not superior returns. We are looking to generate superior returns for our readers.

  • Qantas selects Airbus over Boeing for world's longest flights
    Business
    Reuters

    Qantas selects Airbus over Boeing for world's longest flights

    Australia's Qantas Airways picked Airbus SE over Boeing Co as the preferred supplier for jets capable of the world's longest commercial flights from Sydney to London, dealing the U.S. planemaker its latest setback this year. The choice of up to 12 A350-1000 planes fitted with an extra fuel tank for flights of up to 21 hours cements Airbus as the leader in ultra-long haul flying globally at a time when Boeing is battling delays on its rival 777X programme and a broader corporate crisis following two deadly 737 MAX crashes. The Qantas flights would begin in the first half of 2023, but remain subject to the airline reaching a pay deal with pilots, who would need to extend their duty times to around 23 hours to account for potential delays and switch between flying the A350 and the airline's current A330 fleet.

  • Is World Acceptance Corporation (WRLD) Going To Burn These Hedge Funds ?
    Business
    Insider Monkey

    Is World Acceptance Corporation (WRLD) Going To Burn These Hedge Funds ?

    The largest stake in World Acceptance Corporation (NASDAQ:WRLD) was held by CAS Investment Partners, which reported holding $60.5 million worth of stock at the end of September. It was followed by Renaissance Technologies with a $36.2 million position. Other investors bullish on the company included Nantahala Capital Management, General Equity Partners, and Goodnow Investment Group.

  • Is W.P. Carey Inc. (WPC) A Good Stock To Buy?
    Business
    Insider Monkey

    Is W.P. Carey Inc. (WPC) A Good Stock To Buy?

    The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing more than 750 13F filings submitted by hedge funds and prominent investors. In this article we are going to take a look at smart money sentiment towards W.P. Carey Inc. (NYSE:WPC).

  • Is Iron Mountain Incorporated (IRM) A Good Stock To Buy?
    Business
    Insider Monkey

    Is Iron Mountain Incorporated (IRM) A Good Stock To Buy?

    Hedge fund activity in Iron Mountain Incorporated (NYSE:IRM) Heading into the fourth quarter of 2019, a total of 14 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 0% from the previous quarter. The graph below displays the number of hedge funds with bullish position in IRM over the last 17 quarters. With the smart money's capital changing hands, there exists a few noteworthy hedge fund managers who were adding to their holdings significantly (or already accumulated large positions).

  • Hedge Funds Have Never Been This Bullish On NV5 Global, Inc. (NVEE)
    Business
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On NV5 Global, Inc. (NVEE)

    Hedge funds' top 3 stock picks returned 41.7% this year and beat the S&P 500 ETFs by 14 percentage points. Is NV5 Global, Inc. (NASDAQ:NVEE) an exceptional investment right now? Video: Click the image to watch our video about the top 5 most popular hedge fund stocks.

  • Is Ventas, Inc. (VTR) A Good Stock To Buy?
    Business
    Insider Monkey

    Is Ventas, Inc. (VTR) A Good Stock To Buy?

    Based on the fact that hedge funds have collectively under-performed the market for several years, it would be easy to assume that their stock picks simply aren't very good. This year hedge funds' top 20 stock picks easily bested the broader market, at 37.4% compared to 27.5%, despite there being a few duds in there like Berkshire Hathaway (even their collective wisdom isn't perfect). Is Ventas, Inc. (NYSE:VTR) a good investment right now?