The stock of Wesbanco, Inc (NASDAQ: WSBC) has decreased by -0.37 when compared to last closing price of 35.58. Despite this, the company has experienced a 1.05% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-25 that WHEELING, W.Va., Nov. 25, 2024 /PRNewswire/ — WesBanco, Inc. (Nasdaq: WSBC), a diversified, multi-state bank holding company, announced today the appointment of Jan Pattishall-Krupinski to the role of Senior Executive Vice President and Chief Administrative Officer, effective immediately.
Is It Worth Investing in Wesbanco, Inc (NASDAQ: WSBC) Right Now?
The price-to-earnings ratio for Wesbanco, Inc (NASDAQ: WSBC) is above average at 17.03x. The 36-month beta value for WSBC is also noteworthy at 0.86. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
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The public float for WSBC is 64.87M, and at present, short sellers hold a 3.11% of that float. The average trading volume of WSBC on November 28, 2024 was 352.24K shares.
WSBC’s Market Performance
WSBC stock saw an increase of 1.05% in the past week, with a monthly gain of 13.51% and a quarterly increase of 10.47%. The volatility ratio for the week is 2.26%, and the volatility levels for the last 30 days are 2.53% for Wesbanco, Inc (WSBC). The simple moving average for the past 20 days is 1.74% for WSBC’s stock, with a 18.91% simple moving average for the past 200 days.
Analysts’ Opinion of WSBC
Many brokerage firms have already submitted their reports for WSBC stocks, with Hovde Group repeating the rating for WSBC by listing it as a “Outperform.” The predicted price for WSBC in the upcoming period, according to Hovde Group is $38 based on the research report published on July 29, 2024 of the current year 2024.
Hovde Group, on the other hand, stated in their research note that they expect to see WSBC reach a price target of $34, previously predicting the price at $36. The rating they have provided for WSBC stocks is “Outperform” according to the report published on April 24th, 2024.
Raymond James gave a rating of “Outperform” to WSBC, setting the target price at $34 in the report published on January 05th of the current year.
WSBC Trading at 10.65% from the 50-Day Moving Average
After a stumble in the market that brought WSBC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.11% of loss for the given period.
Volatility was left at 2.53%, however, over the last 30 days, the volatility rate increased by 2.26%, as shares surge +12.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.32% upper at present.
During the last 5 trading sessions, WSBC rose by +1.05%, which changed the moving average for the period of 200-days by +28.16% in comparison to the 20-day moving average, which settled at $34.84. In addition, Wesbanco, Inc saw 13.01% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WSBC starting from Clossin Todd, who sale 5,000 shares at the price of $36.08 back on Nov 12 ’24. After this action, Clossin Todd now owns 143,547 shares of Wesbanco, Inc, valued at $180,407 using the latest closing price.
Clossin Todd, the Director of Wesbanco, Inc, proposed sale 5,000 shares at $36.08 during a trade that took place back on Nov 12 ’24, which means that Clossin Todd is holding shares at $180,407 based on the most recent closing price.
Stock Fundamentals for WSBC
Current profitability levels for the company are sitting at:
- 0.82 for the present operating margin
- 0.92 for the gross margin
The net margin for Wesbanco, Inc stands at 0.15. The total capital return value is set at 0.06. Equity return is now at value 5.21, with 0.76 for asset returns.
Based on Wesbanco, Inc (WSBC), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 0.57. The interest coverage ratio of the stock is 2.61.
When we switch over and look at the enterprise to sales, we see a ratio of 3.76. The receivables turnover for the company is 11.18for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.09.
Conclusion
In summary, Wesbanco, Inc (WSBC) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
