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

WesBanco, Inc. (NASDAQ:WSBCP) was the target of a large increase in short interest in May. As of May 15th, there was short interest totalling 8,600 shares, an increase of 62.3% from the April 30th total of 5,300 shares. Based on an average daily trading volume, of 7,900 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Investors Weigh In On WesBanco

An institutional investor recently bought a new position in WesBanco stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of WesBanco, Inc. (NASDAQ:WSBCP) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,600 shares of the company’s stock, valued at approximately $116,000.

WesBanco Price Performance

Shares of NASDAQ WSBCP opened at $25.12 on Monday. The business has a 50 day simple moving average of $25.14 and a 200 day simple moving average of $25.19. WesBanco has a 52 week low of $24.24 and a 52 week high of $25.60.

WesBanco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a dividend of $0.4219 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.69 dividend on an annualized basis and a yield of 6.72%.

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.