KBW analyst Catherine Mealor maintained a Hold rating on WesBanco (WSBC – Research Report) yesterday and set a price target of $30.00. The company’s shares closed yesterday at $29.00.
Mealor covers the Financial sector, focusing on stocks such as Trustmark, Atlantic Union Bankshares, and Southern States Bancshares. According to TipRanks, Mealor has an average return of 12.1% and a 60.63% success rate on recommended stocks.
Currently, the analyst consensus on WesBanco is a Hold with an average price target of $32.50.
WSBC market cap is currently $1.7B and has a P/E ratio of 11.39.
Based on the recent corporate insider activity of 95 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WSBC in relation to earlier this year. Most recently, in February 2024, Gregory Proctor, a Director at WSBC bought 941.00 shares for a total of $20,109.17.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
