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

WesBanco, Inc. (NASDAQ:WSBCP) saw a significant decline in short interest in November. As of November 30th, there was short interest totalling 9,400 shares, a decline of 16.8% from the November 15th total of 11,300 shares. Based on an average trading volume of 10,000 shares, the short-interest ratio is currently 0.9 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in WesBanco stock. Wesbanco Bank Inc. grew its holdings in shares of WesBanco, Inc. (NASDAQ:WSBCP) by 2.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 quarter.

WesBanco Stock Performance

Shares of NASDAQ WSBCP opened at $25.25 on Monday. The stock’s 50-day simple moving average is $25.20 and its two-hundred day simple moving average is $24.95. WesBanco has a twelve month low of $23.65 and a twelve month high of $25.49.

WesBanco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.4219 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.68%. The ex-dividend date was Friday, November 1st.

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.