WesBanco (NASDAQ:WSBCP) Stock Price Up 0.1% – What’s Next?

WesBanco, Inc. (NASDAQ:WSBCP)’s share price shot up 0.1% during trading on Tuesday . The company traded as high as $24.99 and last traded at $24.9950. 124,925 shares traded hands during mid-day trading, an increase of 803% from the average session volume of 13,840 shares. The stock had previously closed at $24.98.

WesBanco Stock Up 0.1%

The firm has a 50 day moving average price of $25.18 and a two-hundred day moving average price of $25.22.

WesBanco Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, November 15th. Shareholders of record on Saturday, November 1st were given a dividend of $0.4219 per share. This represents a $1.69 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend was Friday, October 31st.

Institutional Investors Weigh In On WesBanco

An institutional investor recently bought a new position in WesBanco stock. Iat Reinsurance Co. LTD. bought a new stake in shares of WesBanco, Inc. (NASDAQ:WSBCP) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 40,000 shares of the company’s stock, valued at approximately $1,011,000.

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.