WesBanco (NASDAQ:WSBCP) Shares Up 0% – Here’s What Happened

Shares of WesBanco, Inc. (NASDAQ:WSBCP) rose 0% during mid-day trading on Monday . The stock traded as high as $25.30 and last traded at $25.30. Approximately 7,596 shares traded hands during trading, a decline of 39% from the average daily volume of 12,527 shares. The stock had previously closed at $25.29.

WesBanco Stock Up 0.0%

The company has a 50 day moving average price of $25.20 and a 200 day moving average price of $25.21.

WesBanco Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, November 15th. Shareholders of record on Saturday, November 1st will be paid a dividend of $0.4219 per share. This represents a $1.69 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Friday, October 31st.

Institutional Investors Weigh In On WesBanco

A hedge fund recently bought a new stake in WesBanco stock. Iat Reinsurance Co. LTD. acquired a new position in shares of WesBanco, Inc. (NASDAQ:WSBCP) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 40,000 shares of the company’s stock, valued at approximately $1,011,000.

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.