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

WesBanco, Inc. (NASDAQ:WSBCP) was the recipient of a significant growth in short interest in 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 daily trading volume, of 26,600 shares, the short-interest ratio is presently 0.3 days.

WesBanco Stock Performance

Shares of WesBanco stock opened at $23.99 on Friday. The business has a 50 day moving average of $23.93 and a 200 day moving average of $23.76. WesBanco has a 52 week low of $17.35 and a 52 week high of $24.77.

WesBanco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a $0.4219 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This is a positive change from WesBanco’s previous quarterly dividend of $0.42. This represents a $1.69 annualized dividend and a yield of 7.03%.

Institutional Investors Weigh In On WesBanco

An institutional investor recently raised its position in WesBanco stock. Wesbanco Bank Inc. increased its stake in WesBanco, Inc. (NASDAQ:WSBCP) by 8.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,351 shares of the company’s stock after buying an additional 1,972 shares during the period. Wesbanco Bank Inc.’s holdings in WesBanco were worth $605,000 at the end of the most recent reporting period.

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.