WesBanco, Inc. (NASDAQ:WSBCP) Sees Large Decline in Short Interest

WesBanco, Inc. (NASDAQ:WSBCP) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totalling 5,600 shares, a decrease of 40.4% from the November 30th total of 9,400 shares. Based on an average daily volume of 9,800 shares, the short-interest ratio is currently 0.6 days.

WesBanco Trading Down 0.2 %

Shares of NASDAQ:WSBCP opened at $25.15 on Friday. WesBanco has a 12-month low of $23.65 and a 12-month high of $25.49. The stock has a 50 day moving average of $25.19 and a 200 day moving average of $24.99.

WesBanco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, February 15th. Stockholders of record on Saturday, February 1st will be paid a $0.4219 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.71%.

Institutional Trading of WesBanco

A hedge fund recently raised its stake in WesBanco stock. Wesbanco Bank Inc. boosted its holdings in WesBanco, Inc. (NASDAQ:WSBCP) by 2.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,506 shares of the company’s stock after purchasing an additional 700 shares during the quarter. Wesbanco Bank Inc.’s holdings in WesBanco were worth $813,000 as of its most recent SEC filing.

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.