Short Interest in WesBanco, Inc. (NASDAQ:WSBCP) Grows By 68.7%

WesBanco, Inc. (NASDAQ:WSBCP) was the target of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 11,300 shares, an increase of 68.7% from the October 31st total of 6,700 shares. Based on an average trading volume of 9,400 shares, the short-interest ratio is currently 1.2 days.

Institutional Trading of WesBanco

A hedge fund recently raised its stake in WesBanco stock. Wesbanco Bank Inc. lifted its stake in shares of WesBanco, Inc. (NASDAQ:WSBCP) by 25.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,806 shares of the company’s stock after buying an additional 6,455 shares during the quarter. Wesbanco Bank Inc.’s holdings in WesBanco were worth $776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

WesBanco Stock Up 0.6 %

Shares of NASDAQ:WSBCP opened at $25.29 on Friday. WesBanco has a 12 month low of $23.30 and a 12 month high of $25.49. The company has a 50-day moving average price of $25.19 and a 200-day moving average price of $24.90.

WesBanco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a $0.4219 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.67%.

WesBanco Company Profile

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.