Analysts Offer Insights on Financial Companies: Moelis (NYSE: MC), WesBanco Inc (NASDAQ: WSBC) and Independent Bank Corporation (NASDAQ: IBCP)

By Austin Angelo

Analysts fell to the sidelines weighing in on Moelis (NYSE: MC), WesBanco Inc (NASDAQ: WSBC) and Independent Bank Corporation (NASDAQ: IBCP) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Moelis (NYSE: MC)

In a report released yesterday, Ann Dai from KBW reiterated a Hold rating on Moelis (NYSE: MC), with a price target of $57. The company’s shares closed yesterday at $54.05, close to its 52-week high of $54.65.

According to TipRanks.com, Dai is a 4-star analyst with an average return of 17.9% and a 71.1% success rate. Dai covers the Financial sector, focusing on stocks such as Piper Jaffray Companies, Raymond James Financial, and Evercore Partners Inc.

Moelis has an analyst consensus of Hold, with a price target consensus of $55.75.

WesBanco Inc (NASDAQ: WSBC)

In a report released yesterday, Catherine Mealor from KBW reiterated a Hold rating on WesBanco Inc (NASDAQ: WSBC), with a price target of $47. The company’s shares closed yesterday at $43.17.

According to TipRanks.com, Mealor is a 5-star analyst with an average return of 13.9% and a 72.4% success rate. Mealor covers the Financial sector, focusing on stocks such as The Community Financial Corporation, Union First Market Bankshares Corp, and Capstar Financial Holdings Inc.

Currently, the analyst consensus on WesBanco Inc is Moderate Buy and the average price target is $48, representing an 11.2% upside.

In a report issued on April 18, Boenning & Scattergood also maintained a Hold rating on the stock.
Independent Bank Corporation (NASDAQ: IBCP)

In a report released yesterday, Damon Delmonte from KBW reiterated a Hold rating on Independent Bank Corporation (NASDAQ: IBCP), with a price target of $26. The company’s shares closed yesterday at $24.65, close to its 52-week high of $24.80.

According to TipRanks.com, Delmonte is a 5-star analyst with an average return of 22.2% and a 90.5% success rate. Delmonte covers the Financial sector, focusing on stocks such as Financial Institutions Inc, Capitol Federal Financial, and First Business Financial.

Independent Bank Corporation has an analyst consensus of Hold, with a price target consensus of $26.

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