Short Interest in WesBanco, Inc. (NASDAQ:WSBCP) Rises By 294.1%

Posted by Jon Anderson on Apr 25th, 2024

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

Institutional Investors Weigh In On WesBanco

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

WesBanco Stock Performance

NASDAQ WSBCP traded down $0.04 on Thursday, hitting $24.26. The stock had a trading volume of 14,537 shares, compared to its average volume of 22,957. The firm has a 50-day moving average of $23.93 and a 200-day moving average of $23.76. WesBanco has a 52-week low of $17.35 and a 52-week high of $24.77.

WesBanco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.4219 per share. This is a positive change from WesBanco’s previous quarterly dividend of $0.42. The ex-dividend date is Tuesday, April 30th. This represents a $1.69 dividend on an annualized basis and a yield of 6.96%.

About WesBanco

(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, 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.