Vise Technologies Inc. Purchases Shares of 3,034 Wintrust Financial Co. (NASDAQ:WTFC)

Vise Technologies Inc. purchased a new position in Wintrust Financial Co. (NASDAQ:WTFC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,034 shares of the bank’s stock, valued at approximately $220,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp increased its stake in Wintrust Financial by 8.8% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,523 shares of the bank’s stock valued at $256,000 after buying an additional 284 shares during the period. Granite Investment Partners LLC acquired a new stake in shares of Wintrust Financial during the 2nd quarter worth about $24,689,000. Royce & Associates LP acquired a new stake in shares of Wintrust Financial in the second quarter worth approximately $7,434,000. Envestnet Asset Management Inc. boosted its position in shares of Wintrust Financial by 28.1% in the second quarter. Envestnet Asset Management Inc. now owns 86,670 shares of the bank’s stock worth $6,294,000 after acquiring an additional 19,029 shares during the last quarter. Finally, Quantinno Capital Management LP raised its holdings in Wintrust Financial by 139.3% in the second quarter. Quantinno Capital Management LP now owns 10,624 shares of the bank’s stock valued at $772,000 after buying an additional 6,184 shares during the period. Hedge funds and other institutional investors own 92.00% of the company’s stock.

Wintrust Financial Stock Up 1.2 %

Shares of Wintrust Financial stock opened at $78.02 on Friday. The stock has a market capitalization of $4.78 billion, a P/E ratio of 7.85 and a beta of 1.20. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.80. The stock has a 50 day moving average price of $75.95 and a two-hundred day moving average price of $74.16. Wintrust Financial Co. has a 12-month low of $57.48 and a 12-month high of $95.97.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Wednesday, October 18th. The bank reported $2.53 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.12. The company had revenue of $574.84 million during the quarter, compared to analyst estimates of $570.01 million. Wintrust Financial had a return on equity of 14.14% and a net margin of 20.73%. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.21 earnings per share. Equities analysts expect that Wintrust Financial Co. will post 10.19 earnings per share for the current year.

Wintrust Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Thursday, November 9th will be paid a dividend of $0.40 per share. The ex-dividend date is Wednesday, November 8th. This represents a $1.60 annualized dividend and a yield of 2.05%. Wintrust Financial’s dividend payout ratio is currently 16.10%.

Wall Street Analyst Weigh In

WTFC has been the topic of a number of analyst reports. Royal Bank of Canada dropped their price objective on shares of Wintrust Financial from $100.00 to $94.00 in a research note on Tuesday, October 10th. Truist Financial boosted their price target on shares of Wintrust Financial from $86.00 to $92.00 and gave the company a “buy” rating in a report on Friday, October 20th. Raymond James reduced their price objective on shares of Wintrust Financial from $100.00 to $95.00 and set a “strong-buy” rating for the company in a report on Thursday, October 19th. Wedbush reiterated an “outperform” rating and issued a $90.00 price target on shares of Wintrust Financial in a research report on Wednesday, October 18th. Finally, StockNews.com assumed coverage on Wintrust Financial in a report on Thursday, October 5th. They set a “hold” rating on the stock. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $92.73.

About Wintrust Financial

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.