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

WesBanco, Inc. (NASDAQ:WSBCP) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 6,700 shares, a growth of 294.1% from the March 31st total of 1,700 shares. Based on an average trading volume of 26,600 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of WesBanco

A hedge fund recently raised its stake in WesBanco stock. Wesbanco Bank Inc. lifted its holdings in shares of WesBanco, Inc. (NASDAQ:WSBCP) by 8.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,351 shares of the company’s stock after purchasing an additional 1,972 shares during the quarter. Wesbanco Bank Inc.’s holdings in WesBanco were worth $605,000 as of its most recent filing with the Securities and Exchange Commission.

WesBanco Trading Up 0.5 %

NASDAQ WSBCP opened at $24.12 on Friday. The business’s fifty day simple moving average is $23.93 and its 200-day simple moving average is $23.77. WesBanco has a 52 week low of $17.35 and a 52 week high of $24.77.

WesBanco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.4219 per share. The ex-dividend date is Tuesday, April 30th. This is an increase from WesBanco’s previous quarterly dividend of $0.42. This represents a $1.69 dividend on an annualized basis and a yield of 7.00%.

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.