In a report released on January 10, Jon Arfstrom from RBC Capital maintained a Hold rating on WesBanco (WSBC – Research Report), with a price target of $32.00. The company’s shares closed yesterday at $29.66.
According to TipRanks, Arfstrom is a 5-star analyst with an average return of 15.2% and a 56.57% success rate. Arfstrom covers the Financial sector, focusing on stocks such as First Horizon, Huntington Bancshares, and Synovus.
Currently, the analyst consensus on WesBanco is a Moderate Buy with an average price target of $27.40.
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Based on WesBanco’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $148.56 million and a net profit of $36.84 million. In comparison, last year the company earned a revenue of $156.76 million and had a net profit of $53.03 million
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WesBanco (WSBC) Company Description:
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.
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