In a report released today, Manuel Navas from D.A. Davidson maintained a Buy rating on WesBanco (WSBC – Research Report). The company’s shares closed yesterday at $29.00.
Navas covers the Financial sector, focusing on stocks such as Provident Financial Services, Dime Community Bancshares, and Community Bank System. According to TipRanks, Navas has an average return of 0.0% and a 54.67% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for WesBanco with a $30.67 average price target.
The company has a one-year high of $31.81 and a one-year low of $18.85. Currently, WesBanco has an average volume of 208.6K.
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.
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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.
