Short Interest in WesBanco, Inc. (NASDAQ:WSBCP) Declines By 40.4%

WesBanco, Inc. (NASDAQ:WSBCP) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 5,600 shares, a decrease of 40.4% from the November 30th total of 9,400 shares. Based on an average daily trading volume, of 9,800 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in WesBanco stock. Wesbanco Bank Inc. lifted its stake in WesBanco, Inc. (NASDAQ:WSBCP) by 2.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 32,506 shares of the company’s stock after purchasing an additional 700 shares during the quarter. Wesbanco Bank Inc.’s holdings in WesBanco were worth $813,000 as of its most recent filing with the Securities & Exchange Commission.

WesBanco Stock Performance

NASDAQ:WSBCP opened at $25.15 on Friday. The company has a 50-day moving average of $25.19 and a 200-day moving average of $24.99. WesBanco has a twelve month low of $23.65 and a twelve month high of $25.49.

WesBanco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, February 15th. Investors of record on Saturday, February 1st will be issued a dividend of $0.4219 per share. This represents a $1.69 dividend on an annualized basis and a yield of 6.71%. The ex-dividend date is Friday, January 31st.

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.