WesBanco (NASDAQ:WSBCP) Trading Down 0.9% – Here’s What Happened

Shares of WesBanco, Inc. (NASDAQ:WSBCP) dropped 0.9% on Wednesday . The stock traded as low as $24.75 and last traded at $24.88. Approximately 21,318 shares changed hands during trading, an increase of 61% from the average daily volume of 13,230 shares. The stock had previously closed at $25.11.

WesBanco Trading Down 0.9 %

The firm has a 50-day moving average price of $25.12 and a two-hundred day moving average price of $24.80.

WesBanco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.4219 per share. This represents a $1.69 dividend on an annualized basis and a yield of 6.78%. The ex-dividend date is Friday, November 1st.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in WesBanco stock. Wesbanco Bank Inc. grew its stake in shares of WesBanco, Inc. (NASDAQ:WSBCP) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,506 shares of the company’s stock after purchasing 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 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.