RBC Capital analyst Jon Arfstrom maintained a Hold rating on WesBanco (WSBC – Research Report) yesterday and set a price target of $32.00. The company’s shares closed yesterday at $28.28.
Arfstrom covers the Financial sector, focusing on stocks such as NY Community, Provident Financial Services, and American Express. According to TipRanks, Arfstrom has an average return of 14.0% and a 54.30% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for WesBanco with a $29.75 average price target, representing a 5.20% upside. In a report released today, Stephens also maintained a Hold rating on the stock with a $27.00 price target.
Based on WesBanco’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $147.83 million and a net profit of $34.97 million. In comparison, last year the company earned a revenue of $157.64 million and had a net profit of $52.21 million
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.
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