At the time of writing, Wesbanco, Inc. [WSBC] stock is trading at $31.36, up 2.25%. An important factor to consider is whether the stock is rising or falling in short-term value. The WSBC shares have gain 7.25% over the last week, with a monthly amount glided 0.51%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Wesbanco, Inc. [NASDAQ: WSBC] stock has seen the most recent analyst activity on July 29, 2024, when Hovde Group reiterated its Outperform rating and also boosted its price target to $38 from $34. Previously, Hovde Group reaffirmed its Outperform rating on April 24, 2024, and dropped its price target to $34. On January 05, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $34 on the stock. Hovde Group upgraded its rating to a Outperform. Stephens initiated its recommendation with a Equal-Weight and recommended $28 as its price target on April 04, 2023.
For the past year, the stock price of Wesbanco, Inc. fluctuated between $23.00 and $34.85. Currently, Wall Street analysts expect the stock to reach $34.5 within the next 12 months. Wesbanco, Inc. [NASDAQ: WSBC] shares were valued at $31.36 at the most recent close of the market. An investor can expect a potential return of 10.01% based on the average WSBC price forecast.
Analyzing the WSBC fundamentals
According to Wesbanco, Inc. [NASDAQ:WSBC], the company’s sales were 888.88M for trailing twelve months, which represents an 13.07% jump. Gross Profit Margin for this corporation currently stands at 0.91% with Operating Profit Margin at 0.71%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.05 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.73.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 30.95 points at the first support level, and at 30.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.73, and for the 2nd resistance point, it is at 32.11.
Ratios To Look Out For
It is important to note that Wesbanco, Inc. [NASDAQ:WSBC] has a current ratio of 0.09. Considering the valuation of this stock, the price to sales ratio is 2.36, the price to book ratio is 0.78 and price to earnings (TTM) ratio is 14.78.
Transactions by insiders
Recent insider trading involved RICHMOND BRENT E, EVP – Treasury, that happened on Sep 17 ’24 when 11523.0 shares were sold. SEVP/Chief Risk Admin Officer, Perkins Michael L completed a deal on Aug 06 ’24 to sell 5363.0 shares. Meanwhile, Officer Perkins Michael L bought 5363.0 shares on Aug 06 ’24.
