In a report released yesterday, Austin Nicholas from Stephens maintained a Buy rating on WesBanco Inc (WSBC), with a price target of $46. The company’s shares closed yesterday at $37.43, close to its 52-week low of $37.20.
According to TipRanks.com, Nicholas is ranked 0 out of 5 stars with an average return of -8.2% and a 20.8% success rate. Nicholas covers the Financial sector, focusing on stocks such as Union Bankshares Corporation, Howard Bancorp, Inc., and Old Line Bancshares.
Currently, the analyst consensus on WesBanco Inc is a Moderate Buy with an average price target of $47.
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Based on WesBanco Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $32.49 million. In comparison, last year the company had a net profit of $26.36 million.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock.
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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.