WSBC Stock Summary and Trading Ideas (Wesbanco | NASDAQ:WSBC)

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.

Wesbanco trades on the NASDAQ stock market under the symbol WSBC.

As of April 24, 2024, WSBC stock price declined to $28.15 with 66,930 million shares trading.

WSBC has a beta of 1.29, meaning it tends to be more sensitive to market movements. WSBC has a correlation of 0.18 to the broad based SPY ETF.

WSBC has a market cap of $1.67 billion. This is considered a Small Cap stock.

Last quarter Wesbanco reported $114 million in Revenue and $.56 earnings per share. This fell short of revenue expectation by $-3 million and exceeded earnings estimates by $.01.

In the last 3 years, WSBC stock traded as high as $41.37 and as low as $19.84.

The top ETF exchange traded funds that WSBC belongs to (by Net Assets): VTI, VB, IWM, VBR, VXF.

WSBC has underperformed the market in the last year with a price return of +2.9% while the SPY ETF gained +23.8%. WSBC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -5.2% and -3.3%, respectively, while the SPY returned +4.2% and -3.1%, respectively.

WSBC support price is $28.44 and resistance is $29.56 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WSBC stock will trade within this expected range on the day.