WesBanco (NASDAQ:WSBCP) Trading Up 0% – Should You Buy?

Posted by Trevor Kearing on Jan 18th, 2025

WesBanco, Inc. (NASDAQ:WSBCP – Get Free Report) was up 0% on Friday . The company traded as high as $25.30 and last traded at $25.29. Approximately 8,659 shares traded hands during trading, a decline of 26% from the average daily volume of 11,724 shares. The stock had previously closed at $25.28.

WesBanco Price Performance

The company has a 50-day moving average price of $25.21 and a two-hundred day moving average price of $25.08.

WesBanco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, February 15th. Stockholders of record on Saturday, February 1st will be given a dividend of $0.4219 per share. The ex-dividend date is Friday, January 31st. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.67%.

Hedge Funds Weigh In On WesBanco

An institutional investor recently raised its position in WesBanco stock. Wesbanco Bank Inc. raised its holdings in shares of WesBanco, Inc. (NASDAQ:WSBCP – Free Report) by 2.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 SEC filing.

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, 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.