NASDAQ:WSBC Saw Its Price Target Increased to $29 by Raymond James


The stock analysts working at Raymond James have already increased the price target of NASDAQ:WSBC from $24 to $29 in a report that was sent to investors, according to Benzinga. The firm currently has a rating of ‘outperform’ on the stock of this financial services provider. The price objective of Raymond James is definitely indicative of a potential upside on the current price of the company by around 14.90%. 

The Research Reports of NASDAQ:WSBC

Quite a few research analysts have voiced their opinions on the stock of NASDAQ:WSBC. BidaskClub has already increased the rating of this stock from hold, to buy in a research report that was published on the 7th of October. Boenning Scattergood, which has also been a part of covering the stocks of this firm gave it an ‘outperform’, while ValuEngine raised the shares of this company from a sell to hold, in a research report that was sent out on the 18th of August. Zacks Investment Research, on the other hand, lowered the shares of this company from hold to sell in a 22nd September research report. Piper Sandler also joined in, after increasing the target price of the stocks of this company from $24 to $25 while giving the stock a rating of ‘overweight’. One of the research analysts gave the stock a rating for sell, while three of them issued a rating for hold- five on the other hand gave it a buy rating for this company. The current average rating for the company is ‘hold’, while the target price on an average is $31.

The Quarterly Earnings of NASDAQ:WSBC

The stocks of this company opened up well at $25.24 last Friday. The 52-week low for this company is $17.46, and a 52-week high for the same is $39.24. The quick ratio for this company is 0.94, the debt-to-equity ratio for the company is 0.51, the quick ratio at 0.94, and the current ratio of around 0.95. The market capitalization for this firm is around $1.70 billion, with beta of 1.04, and PE ratio of 14.85. The moving average price for 50-day is $22.56, while the moving average price for 200-day is $21.77. 

NASDAQ:WSBC previously brought out the data on its quarterly earnings on the 21st of October. The provider of financial services has reported an EPS of $0.66 for this quarter, which topped the consensus estimate put forward by Thomson Reuters at around $0.57. The company has a return on its equity at 4.73%, while the net margin is 15.84%. 

NASDAQ:WSBC has been operating as a holding firm for the WesBanco Bank that is in charge of providing retail banking, corporate and personal trust, corporate banking, brokerage, and other services in the United States.