Short Interest in WesBanco, Inc. (NASDAQ:WSBCP) Increases By 41.9%

WesBanco, Inc. (NASDAQ:WSBCP) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 4,400 shares, a growth of 41.9% from the January 15th total of 3,100 shares. Based on an average trading volume of 9,100 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On WesBanco

A hedge fund recently raised its stake in WesBanco stock. Wesbanco Bank Inc. lifted its position in WesBanco, Inc. (NASDAQ:WSBCP) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,906 shares of the company’s stock after purchasing an additional 400 shares during the quarter. Wesbanco Bank Inc.’s holdings in WesBanco were worth $826,000 at the end of the most recent reporting period.

WesBanco Stock Performance

WSBCP traded down $0.05 during midday trading on Friday, reaching $25.15. The company’s stock had a trading volume of 2,344 shares, compared to its average volume of 6,738. The company has a fifty day simple moving average of $25.26 and a 200 day simple moving average of $25.13. WesBanco has a twelve month low of $23.65 and a twelve month high of $25.60.

WesBanco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, February 15th. Stockholders of record on Saturday, February 1st will be paid a $0.4219 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.69 annualized dividend and a dividend yield of 6.71%.

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.