Extremely important positive changes in investment behavior have recently occurred for WesBanco Inc (NASDAQ: WSBC): the stock’s recent price rise disrupted its longer term downtrend, and its longer term price trend turned up.
WesBanco Inc (NASDAQ: WSBC). Significant positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, WSBC is expected to continue to be a modest Value Builder.
WesBanco has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. WesBanco has a slightly positive Power Rating of 61 and a very high Appreciation Score of 86, resulting in the Highest Value Trend Rating.
Recent Price Action
WesBanco Inc (NASDAQ: WSBC) stock closed at $28.38 on 5/8/24 after a modest gain of 0.5%. However, exceptionally low trading volume at 42% of normal accompanied the advance. The stock has risen 5.1% during the last week and has been strong relative to the market over the last nine months.
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