WesBanco, Inc. (NASDAQ:WSBCP) Short Interest Update

WesBanco, Inc. (NASDAQ:WSBCP) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 3,100 shares, a drop of 47.5% from the December 31st total of 5,900 shares. Based on an average trading volume of 10,000 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in WesBanco stock. Wesbanco Bank Inc. boosted its stake in WesBanco, Inc. (NASDAQ:WSBCP) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,506 shares of the company’s stock after acquiring an additional 700 shares during the period. Wesbanco Bank Inc.’s holdings in WesBanco were worth $813,000 at the end of the most recent reporting period.

WesBanco Stock Performance

Shares of WesBanco stock opened at $25.59 on Friday. WesBanco has a 52-week low of $23.65 and a 52-week high of $25.60. The company’s 50 day moving average price is $25.27 and its 200-day moving average price is $25.13.

WesBanco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, February 15th. Stockholders of record on Saturday, February 1st will be issued a $0.4219 dividend. This represents a $1.69 annualized dividend and a dividend yield of 6.59%. The ex-dividend date is Friday, January 31st.

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.