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

WesBanco, Inc. (NASDAQ:WSBCP) was the recipient of a large growth in short interest in October. As of October 31st, there was short interest totalling 6,700 shares, a growth of 28.8% from the October 15th total of 5,200 shares. Based on an average daily trading volume, of 10,200 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On WesBanco

A hedge fund recently raised its stake in WesBanco stock. Wesbanco Bank Inc. raised its position in WesBanco, Inc. (NASDAQ:WSBCP) by 2.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,506 shares of the company’s stock after acquiring an additional 700 shares during the quarter. Wesbanco Bank Inc.’s holdings in WesBanco were worth $813,000 at the end of the most recent reporting period.

WesBanco Trading Up 0.2 %

WSBCP opened at $25.15 on Friday. The business’s 50-day simple moving average is $25.14 and its 200 day simple moving average is $24.83. WesBanco has a 52-week low of $23.00 and a 52-week high of $25.49.

WesBanco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.4219 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.71%. The ex-dividend date is Friday, November 1st.

About WesBanco

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.