Curi RMB Capital LLC Buys Shares of 50,000 WesBanco, Inc. $WSBC

Key Points

• Curi RMB Capital LLC has acquired a new position in WesBanco, Inc., purchasing 50,000 shares valued at approximately $1.55 million, representing about 0.07% ownership in the company.
• WesBanco has announced a quarterly dividend of $0.37 per share, which will be paid on October 1st, reflecting an annualized dividend yield of 4.6%.
• The company's recent earnings report revealed an EPS of $0.91 for the quarter, beating expectations, while net revenue was slightly below consensus estimates at $260.73 million.

Curi RMB Capital LLC acquired a new stake in WesBanco, Inc. (NASDAQ:WSBC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 50,000 shares of the financial services provider's stock, valued at approximately $1,548,000. Curi RMB Capital LLC owned 0.07% of WesBanco at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Alliancebernstein L.P. lifted its position in shares of WesBanco by 990.1% in the first quarter. Alliancebernstein L.P. now owns 698,194 shares of the financial services provider's stock valued at $21,616,000 after acquiring an additional 634,148 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of WesBanco by 77.7% in the first quarter. AQR Capital Management LLC now owns 318,486 shares of the financial services provider's stock valued at $9,860,000 after acquiring an additional 139,209 shares in the last quarter. Ancora Advisors LLC purchased a new position in shares of WesBanco in the first quarter valued at approximately $628,000. EP Wealth Advisors LLC purchased a new position in shares of WesBanco in the first quarter valued at approximately $319,000. Finally, Royal Bank of Canada lifted its position in shares of WesBanco by 52.2% in the first quarter. Royal Bank of Canada now owns 59,983 shares of the financial services provider's stock valued at $1,858,000 after acquiring an additional 20,585 shares in the last quarter. 61.41% of the stock is owned by institutional investors and hedge funds.

WesBanco Price Performance

Shares of NASDAQ WSBC traded down $0.15 during midday trading on Monday, hitting $32.13. The stock had a trading volume of 294,559 shares, compared to its average volume of 407,214. The company has a market capitalization of $3.08 billion, a PE ratio of 19.36 and a beta of 0.85. The stock has a 50 day simple moving average of $31.94 and a 200-day simple moving average of $31.21. WesBanco, Inc. has a 1 year low of $26.42 and a 1 year high of $37.36. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.57.

WesBanco (NASDAQ:WSBC - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. WesBanco had a return on equity of 7.29% and a net margin of 11.65%.The firm had revenue of $260.73 million for the quarter, compared to the consensus estimate of $261.14 million. During the same quarter last year, the business posted $0.49 earnings per share. On average, sell-side analysts expect that WesBanco, Inc. will post 3.24 EPS for the current fiscal year.

WesBanco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 5th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, September 5th. This represents a $1.48 dividend on an annualized basis and a yield of 4.6%. WesBanco's dividend payout ratio (DPR) is presently 89.16%.

WesBanco Company Profile

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.