Significant positive changes in WesBanco Inc (NASDAQ: WSBC) fundamentals have recently occurred: the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.
WesBanco Inc (NASDAQ: WSBC). Important positive changes in investment behavior have recently occurred: its longer term price trend turned up.
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
WSBC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
WesBanco has a current Value Trend Rating of A (Highest Rating). This VT Rating improved modestly in recent days from B previously. The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. WesBanco has a good Power Rating of 72 and a good Appreciation Score of 79, leading to the Highest Value Trend Rating.
Recent Price Action
WesBanco Inc (NASDAQ: WSBC) stock closed at $29.34 on 1/12/24 after a modest decline of -1.1%. However, trading volume in this decline was exceptionally low at 46% of normal. The stock has declined -3.1% during the last week but has been strong relative to the market over the last nine months.
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