Last Updated: 12 Nov 2024
Executive Summary
WesBanco Inc. (WSBC) is a regional bank holding company headquartered in Wheeling, West Virginia. The company offers a range of financial services, including retail banking, corporate banking, trust, brokerage, mortgage banking, and insurance. As of the latest available data, WSBC has a market capitalization of $2.35 billion, a trailing price-to-earnings (PE) ratio of 16.82, and a dividend yield of 0.041%.
Company Overview
WesBanco was founded in 1870 and has grown through acquisitions to become one of the largest banks in West Virginia. The company operates primarily in West Virginia, Ohio, and Pennsylvania. WesBanco's core business is retail banking, which includes providing deposit accounts, loans, and other financial services to individuals and small businesses. The company also has a growing corporate banking division that provides services to larger businesses and organizations.
Fundamental Analysis
WesBanco's financial performance has been solid in recent years. The company has reported consistent revenue growth and profitability. In the latest quarter, WSBC reported revenue of $566.9 million, a 0.026% increase year-over-year. Net income was $42.8 million, a 0.068% decrease year-over-year. The company's diluted EPS was $2.09, in line with analyst expectations.
WesBanco's balance sheet is also strong. The company has a low level of debt relative to its equity and a high level of liquidity. The company's Tier 1 capital ratio is 10.8%, well above the regulatory minimum.
Technical Analysis
WSBC's stock price has been trading in a range between $24.45 and $36.87 over the past 52 weeks. The stock is currently trading near the upper end of this range. The 50-day moving average is $30.79, and the 200-day moving average is $29.38. The relative strength index (RSI) is 62.7, indicating that the stock is slightly overbought.
Short Term Outlook
In the short term, WSBC's stock price is likely to continue to trade within its recent range. The company's fundamentals are solid, and the stock is trading at a reasonable valuation. However, the overall market environment is uncertain, and there are some risks to the company's business, such as rising interest rates and competition from larger banks.
Long Term Outlook
In the long term, WSBC's stock price is likely to be driven by the company's ability to grow its business and maintain its profitability. The company has a strong track record of growth, and it is well-positioned to continue to grow in its core markets. The company's dividend yield is also attractive, which could make it a good investment for income-oriented investors.
Analyst Recommendations
Analysts are generally positive on WSBC's stock. The consensus analyst rating is "Buy," and the average analyst target price is $36.00. Three analysts rate the stock as "Buy," four rate it as "Hold," and none rate it as "Sell" or "Strong Sell."
