WesBanco, Inc. (NASDAQ:WSBCP) Short Interest Update

Posted by Adam Masters on Jun 29th, 2024

WesBanco, Inc. (NASDAQ:WSBCP – Get Free Report) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 2,500 shares, a decrease of 55.4% from the May 31st total of 5,600 shares. Based on an average daily trading volume, of 4,900 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On WesBanco

An institutional investor recently raised its position in WesBanco stock. Wesbanco Bank Inc. increased its position in shares of WesBanco, Inc. (NASDAQ:WSBCP – Free Report) by 8.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,351 shares of the company’s stock after buying an additional 1,972 shares during the period. Wesbanco Bank Inc.’s holdings in WesBanco were worth $605,000 as of its most recent filing with the SEC.

WesBanco Stock Down 0.1 %

Shares of NASDAQ:WSBCP traded down $0.02 during midday trading on Friday, reaching $24.40. The company’s stock had a trading volume of 7,122 shares, compared to its average volume of 16,154. The stock has a fifty day moving average of $24.43 and a 200 day moving average of $24.17. WesBanco has a twelve month low of $22.00 and a twelve month high of $24.89.

WesBanco Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were given a dividend of $0.4219 per share. This is an increase from WesBanco’s previous quarterly dividend of $0.42. This represents a $1.69 annualized dividend and a yield of 6.92%. The ex-dividend date of this dividend was Tuesday, April 30th.

WesBanco Company Profile

(Get Free Report)

WesBanco, Inc operates as the bank holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, mortgage banking, and insurance services to individuals and businesses in the United States. The company operates through two segments, Community Banking, and Trust and Investment Services.