WesBanco, Inc. (NASDAQ:WSBCP) Sees Large Increase in Short Interest

WesBanco, Inc. (NASDAQ:WSBCP) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 6,700 shares, a growth of 294.1% from the March 31st total of 1,700 shares. Based on an average trading volume of 26,600 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in WesBanco stock. Wesbanco Bank Inc. boosted its position in WesBanco, Inc. (NASDAQ:WSBCP) by 8.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,351 shares of the company’s stock after purchasing an additional 1,972 shares during the period. Wesbanco Bank Inc.’s holdings in WesBanco were worth $605,000 as of its most recent SEC filing.

WesBanco Stock Up 0.5 %

Shares of NASDAQ:WSBCP opened at $24.12 on Friday. WesBanco has a 1 year low of $17.35 and a 1 year high of $24.77. The stock’s fifty day moving average price is $23.93 and its 200-day moving average price is $23.77.

WesBanco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.4219 dividend. The ex-dividend date is Tuesday, April 30th. This is a positive change from WesBanco’s previous quarterly dividend of $0.42. This represents a $1.69 dividend on an annualized basis and a dividend yield of 7.00%.

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.