American Trust Decreases Stock Position in Wintrust Financial Co. (NASDAQ:WTFC)

American Trust trimmed its stake in shares of Wintrust Financial Co. (NASDAQ:WTFCGet Rating) by 8.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,819 shares of the bank’s stock after selling 418 shares during the quarter. American Trust’s holdings in Wintrust Financial were worth $448,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its stake in Wintrust Financial by 31.8% during the 1st quarter. Quadrant Capital Group LLC now owns 730 shares of the bank’s stock valued at $68,000 after acquiring an additional 176 shares during the last quarter. Journey Strategic Wealth LLC bought a new position in Wintrust Financial during the 1st quarter valued at $204,000. Raymond James Trust N.A. boosted its stake in Wintrust Financial by 12.5% during the 1st quarter. Raymond James Trust N.A. now owns 2,503 shares of the bank’s stock valued at $233,000 after acquiring an additional 279 shares during the last quarter. Inspire Investing LLC bought a new position in Wintrust Financial during the 1st quarter valued at $234,000. Finally, Wintrust Investments LLC boosted its stake in Wintrust Financial by 4.9% during the 1st quarter. Wintrust Investments LLC now owns 2,708 shares of the bank’s stock valued at $252,000 after acquiring an additional 127 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors.

Wintrust Financial Stock Down 2.2 %

Wintrust Financial stock opened at $85.21 on Friday. The stock has a market cap of $5.18 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 0.64 and a beta of 1.24. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.54. The company’s 50-day moving average price is $85.59 and its two-hundred day moving average price is $86.83. Wintrust Financial Co. has a 52 week low of $72.10 and a 52 week high of $105.56.

Wintrust Financial (NASDAQ:WTFCGet Rating) last released its earnings results on Wednesday, July 20th. The bank reported $1.49 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.21). Wintrust Financial had a net margin of 22.78% and a return on equity of 10.43%. During the same quarter last year, the firm posted $1.70 EPS. On average, analysts expect that Wintrust Financial Co. will post 7.99 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $1.36 annualized dividend and a dividend yield of 1.60%. Wintrust Financial’s dividend payout ratio (DPR) is 19.68%.

Wall Street Analyst Weigh In

WTFC has been the topic of a number of research analyst reports. Piper Sandler increased their price objective on shares of Wintrust Financial to $107.00 in a research note on Friday, July 22nd. Wedbush increased their target price on shares of Wintrust Financial from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, July 21st. Raymond James dropped their target price on shares of Wintrust Financial from $130.00 to $111.00 and set a “strong-buy” rating on the stock in a report on Wednesday, June 29th. UBS Group dropped their target price on shares of Wintrust Financial from $104.00 to $96.00 and set a “neutral” rating on the stock in a report on Friday, July 29th. Finally, DA Davidson reissued a “buy” rating on shares of Wintrust Financial in a report on Wednesday, July 27th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $105.29.

Wintrust Financial Profile

(Get Rating)

Wintrust Financial Corporation operates as a financial holding company. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), online and mobile banking, and other services.

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Institutional Ownership by Quarter for Wintrust Financial (NASDAQ:WTFC)

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