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

WesBanco, Inc. (NASDAQ:WSBCP) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 2,100 shares, a drop of 69.6% from the July 15th total of 6,900 shares. Based on an average daily trading volume, of 5,300 shares, the short-interest ratio is currently 0.4 days.

WesBanco Trading Down 0.6 %

Shares of NASDAQ:WSBCP traded down $0.14 during trading on Monday, hitting $24.54. 3,801 shares of the company were exchanged, compared to its average volume of 14,526. WesBanco has a 52-week low of $22.00 and a 52-week high of $25.49. The stock has a 50 day moving average of $24.74 and a 200 day moving average of $24.36.

WesBanco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be paid a $0.4219 dividend. The ex-dividend date is Thursday, August 1st. This represents a $1.69 annualized dividend and a yield of 6.88%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in WesBanco stock. Wesbanco Bank Inc. lifted its holdings in shares of WesBanco, Inc. (NASDAQ:WSBCP) by 25.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,806 shares of the company’s stock after purchasing an additional 6,455 shares during the quarter. Wesbanco Bank Inc.’s holdings in WesBanco were worth $776,000 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.