WesBanco (WSBC) Receives Media Impact Rating of 0.06
Media headlines about WesBanco (NASDAQ:WSBC) have trended somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. WesBanco earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.0640746841732 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Inc. Lowers Stake in Costco Wholesale Corporation (NASDAQ:COST) (overnewsmagazine.com)
- See what the IHS Markit Score report has to say about WesbanCo Inc. (finance.yahoo.com)
- WesBanco, Inc. (NASDAQ:WSBC) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Costco Wholesale Corporation (NASDAQ:COST) Stake Boosted by Weik Investment Services Inc (wisdomsave.com)
- Costco Wholesale Corporation (NASDAQ:COST) Stake Increased by Nordea Investment Management AB (famososartistas.com)
Several research firms recently commented on WSBC. BidaskClub lowered shares of WesBanco from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research downgraded shares of WesBanco from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. FBR & Co cut their target price on shares of WesBanco from $44.00 to $40.00 and set a “mkt perform” rating for the company in a research note on Friday, July 21st. ValuEngine raised shares of WesBanco from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. Finally, DA Davidson raised shares of WesBanco from a “neutral” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $41.60.
Shares of WesBanco (NASDAQ WSBC) traded down 1.15% on Friday, reaching $36.02. 96,536 shares of the company traded hands. WesBanco has a 52-week low of $30.86 and a 52-week high of $44.19. The firm has a 50-day moving average of $38.83 and a 200-day moving average of $39.17. The company has a market capitalization of $1.59 billion, a PE ratio of 16.46 and a beta of 0.94.
WesBanco (NASDAQ:WSBC) last released its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.01. WesBanco had a net margin of 23.44% and a return on equity of 7.55%. The company had revenue of $94.26 million during the quarter, compared to analyst estimates of $96.70 million. During the same quarter last year, the business earned $0.58 EPS. On average, equities research analysts forecast that WesBanco will post $2.45 earnings per share for the current fiscal year.
WesBanco, Inc (WesBanco) is a bank holding company. The Company offers a range of financial services, including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking and insurance. WesBanco offers its services through two segments: community banking, which offers services, such as commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and trust and investment services, which offers trust services, as well as various alternative investment products, including mutual funds.
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