Short Interest in WesBanco, Inc. (NASDAQ:WSBCP) Decreases By 42.4%

Posted by on Oct 26th, 2023

WesBanco, Inc. (NASDAQ:WSBCP – Get Free Report) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totalling 4,900 shares, a decrease of 42.4% from the September 30th total of 8,500 shares. Based on an average daily trading volume, of 11,200 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in WesBanco stock. Wesbanco Bank Inc. boosted its stake in shares of WesBanco, Inc. (NASDAQ:WSBCP – Free Report) by 9.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,451 shares of the company’s stock after purchasing an additional 2,372 shares during the period. Wesbanco Bank Inc.’s holdings in WesBanco were worth $657,000 at the end of the most recent reporting period.

WesBanco Stock Performance

Shares of WesBanco stock opened at $23.16 on Thursday. The company’s 50 day moving average is $22.64 and its 200 day moving average is $22.56. WesBanco has a twelve month low of $17.35 and a twelve month high of $26.34.

WesBanco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be given a dividend of $0.4219 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $1.69 dividend on an annualized basis and a yield of 7.29%.

WesBanco Company Profile

(Get Free Report)

WesBanco, Inc operates as the bank holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services. The company operates in two segments, Community Banking, and Trust and Investment Services. It offers commercial demand, individual demand, and time deposit accounts; commercial, mortgage and individual installment loans; retail loans, such as residential real estate mortgage loans, home equity lines of credit, and loans for other consumer purposes; installment loans to finance the purchase of automobiles, trucks, motorcycles, boats, and other recreational vehicles, as well as home equity installment loans, unsecured home improvement loans, and revolving lines of credit; and various non-traditional offerings, such as insurance and securities brokerage services.

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