Today’s Stock Alert: WesBanco Inc Just Reaches Record High?

Today's Stock Alert: WesBanco Inc Just Reaches Record High?

The stock of WesBanco Inc (NASDAQ:WSBC) reached all time high today, Nov, 22 and still has $42.02 target or 6.00% above today’s $39.64 share price. This indicates more upside for the $1.74B company. This technical setup was reported by Barchart.com. If the $42.02 PT is reached, the company will be worth $104.40 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 63,213 shares traded hands. WesBanco Inc (NASDAQ:WSBC) has risen 20.18% since April 20, 2016 and is uptrending. It has outperformed by 15.63% the S&P500.

WesBanco Inc (NASDAQ:WSBC) Ratings Coverage

Out of 4 analysts covering Wesbanco Inc. (NASDAQ:WSBC), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. Wesbanco Inc. has been the topic of 10 analyst reports since July 23, 2015 according to StockzIntelligence Inc. FBR Capital maintained WesBanco Inc (NASDAQ:WSBC) on Thursday, October 22 with “Mkt Perform” rating. The stock of WesBanco Inc (NASDAQ:WSBC) earned “Neutral” rating by Boenning & Scattergood on Thursday, April 21. FBR Capital maintained WesBanco Inc (NASDAQ:WSBC) on Thursday, October 27 with “Mkt Perform” rating. The firm earned “Neutral” rating on Tuesday, November 22 by Macquarie Research. As per Tuesday, August 11, the company rating was upgraded by Macquarie Research. The stock has “Market Perform” rating given by FBR Capital on Thursday, July 23. The rating was maintained by FBR Capital with “Mkt Perform” on Thursday, January 28. On Friday, September 4 the stock rating was upgraded by Zacks to “Hold”.

According to Zacks Investment Research, “WESBANCO, INC. is a multi-bank holding company whose subsidiaries are engaged in general banking business.”

Insitutional Activity: The institutional sentiment is 1.43 in Q2 2016. Its the same as in 2016Q1. The ratio has no change, as 7 funds sold all WesBanco Inc shares owned while 37 reduced positions. only 20 funds bought stakes while 43 increased positions. They now own 24.82 million shares or 14.28% more from 21.72 million shares in 2016Q1.
Glenmede Com Na holds 0.09% or 493,951 shares in its portfolio. Blackrock Advsrs Ltd Liability last reported 16,966 shares in the company. Wealthtrust has invested 0.04% of its portfolio in WesBanco Inc (NASDAQ:WSBC). Boys Arnold And holds 15,000 shares or 0.08% of its portfolio. Waldron L P holds 13,618 shares or 0.18% of its portfolio. Jpmorgan Chase owns 51,945 shares or 0% of their US portfolio. Blackrock Gru Ltd reported 32,265 shares or 0% of all its holdings. Moreover, Envestnet Asset Management has 0% invested in WesBanco Inc (NASDAQ:WSBC) for 15,676 shares. Moreover, Geode Cap Mgmt Ltd Llc has 0% invested in WesBanco Inc (NASDAQ:WSBC) for 284,144 shares. Huntington National Bank holds 0% of its portfolio in WesBanco Inc (NASDAQ:WSBC) for 5,372 shares. The West Virginia-based City has invested 0.01% in WesBanco Inc (NASDAQ:WSBC). State Board Of Administration Of Florida Retirement Systems owns 36,743 shares or 0% of their US portfolio. Park Oh owns 7,910 shares or 0.02% of their US portfolio. Blair William Il last reported 9,223 shares in the company. Regions Finance Corporation owns 24,265 shares or 0.01% of their US portfolio.

More recent WesBanco Inc (NASDAQ:WSBC) news were published by: Prnewswire.com which released: “WesBanco, Inc. Consummates Merger with Your Community Bankshares, Inc. and …” on September 09, 2016. Also Prnewswire.com published the news titled: “WesBanco, Inc. Receives Regulatory Approvals of Its Merger with Your Community …” on August 22, 2016. Prnewswire.com‘s news article titled: “WesBanco Announces November Investor Conference Schedule” with publication date: November 01, 2016 was also an interesting one.

WSBC Company Profile

WesBanco, Inc. (WesBanco), incorporated on September 9, 1968, is a bank holding company. The Firm 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 divisions: community banking, which offers services by full-service commercial banks, including commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and certain non-traditional offerings, such as insurance and securities brokerage services, and trust and investment services, which offers trust services as well as various alternative investment products, including mutual funds.

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