WesBanco, Inc. logo WSBC - WesBanco, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 1
BUY 8
HOLD 7
SELL 0
STRONG
SELL 0
| PRICE TARGET: $42.00 DETAILS
HIGH: $43.00
LOW: $41.00
MEDIAN: $42.00
CONSENSUS: $42.00
UPSIDE: 7.66%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Banks, Insurers & Asset Managers 85% confidence

Primary model: P/Tangible Book × ROE Quality

Valuation Signal Fair Value Mild
Trading 1.2% below fair value
Current Price $39.01
Bear Case $27.64 29.2% downside ($27.64 - $39.01) / $39.01 = -29.2% ROTCE 7.2% → 0.79x TBV
Fair Value $39.48 1.2% upside ($39.48 - $39.01) / $39.01 = 1.2% ROTCE 9.7% → 1.38x TBV
Bull Case $51.32 31.6% upside ($51.32 - $39.01) / $39.01 = 31.6% ROTCE 11.1% → 1.74x TBV

Adjust Assumptions

9.7%
8.1%

Key Value Driver

ROTCE (9.7%) vs. cost of equity (8.1%)

Implied Market Multiple 1.63x

Plain-Language Summary

Our base-case estimate uses P/Tangible Book × ROE Quality. We then blend that result with the average analyst price target of $42.00 from 16 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $39.48 per share.

Warnings

⚠ Traditional cash flow models don't work well for banks — lending activity distorts how much cash the business actually generates.
⚠ Common valuation shortcuts don't apply here — for banks, interest payments are a core business cost, not overhead.
ℹ Dividend-based valuation: $27.24 (30% below our primary estimate). Large gaps suggest the dividend may not fully reflect the company's value.

Key Risks

  • Book value quality matters as much as level — check loan loss reserves
  • Interest rate sensitivity creates non-linear earnings surprises
  • Insurance reserving is actuarial, not financial — errors emerge slowly