Hedge Funds Are Betting On WesBanco, Inc. (WSBC)

Page 1 of 2

Is WesBanco, Inc. (NASDAQ:WSBC) a buy right now? Prominent investors are getting more optimistic. The number of long hedge fund positions moved up by 1 in recent months.

WesBanco, Inc. (NASDAQ:WSBC)

In the financial world, there are dozens of indicators market participants can use to analyze Mr. Market. A pair of the best are hedge fund and insider trading sentiment. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the best fund managers can beat their index-focused peers by a very impressive amount (see just how much).

Just as important, optimistic insider trading activity is another way to break down the investments you’re interested in. There are lots of reasons for a bullish insider to sell shares of his or her company, but only one, very obvious reason why they would behave bullishly. Plenty of empirical studies have demonstrated the valuable potential of this strategy if investors know what to do (learn more here).

With all of this in mind, we’re going to take a peek at the recent action regarding WesBanco, Inc. (NASDAQ:WSBC).

How are hedge funds trading WesBanco, Inc. (NASDAQ:WSBC)?

At Q1′s end, a total of 9 of the hedge funds we track were long in this stock, a change of 13% from the previous quarter.¬†As one would reasonably expect, some big names have been driving this bullishness. Citadel Investment Group, managed by Ken Griffin, initiated the largest position in WesBanco, Inc. (NASDAQ:WSBC). Citadel Investment Group had 0.6 million invested in the company at the end of the quarter.

What do corporate executives and insiders think about WesBanco, Inc. (NASDAQ:WSBC)?

Bullish insider trading is particularly usable when the primary stock in question has experienced transactions within the past six months. Over the latest 180-day time period, WesBanco, Inc. (NASDAQ:WSBC) has experienced zero unique insiders buying, and 2 insider sales (see the details of insider trades here).

Let’s go over hedge fund and insider activity in other stocks similar to WesBanco, Inc. (NASDAQ:WSBC). These stocks are Eagle Bancorp, Inc. (NASDAQ:EGBN), The Bancorp, Inc. (NASDAQ:TBBK), SCBT Financial Corporation (NASDAQ:SCBT), City Holding Company (NASDAQ:CHCO), and United Community Banks Inc (NASDAQ:UCBI). This group of stocks are the members of the regional – mid-atlantic banks industry and their market caps match WSBC’s market cap.

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!