WesBancoWSBC Market cap $1.75B
About: Wesbanco Inc is a bank holding company that offers a full range of financial services, including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking, and insurance. The company has two reportable segments: community banking and trust and investment services. WesBanco operates one commercial bank, WesBanco Bank, which runs scores of branches. Its market service area primarily includes the Rust Belt region of the United States. Commercial real estate accounts for nearly half of the bank's loan portfolio. The bank has historically grown through both organic growth and acquisitions. The bank's primary component of net revenue is net interest income.
Employees: 2,321
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
665% more call options, than puts
Call options by funds: $237K | Put options by funds: $31K
80% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 15
48% more repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 58
6% more funds holding
Funds holding: 205 [Q1] → 217 (+12) [Q2]
0.2% more ownership
Funds ownership: 62.52% [Q1] → 62.72% (+0.2%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
6% less capital invested
Capital invested by funds: $1.11B [Q1] → $1.04B (-$66.6M) [Q2]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
RBC Capital Jon Arfstrom 76% 1-year accuracy 19 / 25 met price target | 19%upside $35 | Sector Perform Reiterated | 9 Sept 2024 |
Stephens & Co. Russell Gunther 0 / 0 met price target | 16%upside $34 | Equal-Weight Maintained | 6 Aug 2024 |
Keefe, Bruyette & Woods Catherine Mealor 45% 1-year accuracy 5 / 11 met price target | 16%upside $34 | Market Perform Maintained | 1 Aug 2024 |
RBC Capital Jon Arfstrom 76% 1-year accuracy 19 / 25 met price target | 19%upside $35 | Sector Perform Maintained | 29 Jul 2024 |
DA Davidson Russell Gunther 0 / 0 met price target | 43%upside $42 | Buy Maintained | 29 Jul 2024 |