Wintrust Investments LLC Takes Position in Wintrust Financial Co. (NASDAQ:WTFC)

Wintrust Investments LLC bought a new stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) in the second quarter, Holdings Channel reports. The institutional investor bought 4,290 shares of the bank’s stock, valued at approximately $312,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Belpointe Asset Management LLC raised its holdings in Wintrust Financial by 106.2% during the 1st quarter. Belpointe Asset Management LLC now owns 365 shares of the bank’s stock valued at $27,000 after buying an additional 188 shares during the period. CWM LLC raised its holdings in Wintrust Financial by 192.7% during the 1st quarter. CWM LLC now owns 521 shares of the bank’s stock valued at $38,000 after buying an additional 343 shares during the period. Parallel Advisors LLC raised its holdings in Wintrust Financial by 113.2% during the 1st quarter. Parallel Advisors LLC now owns 580 shares of the bank’s stock valued at $42,000 after buying an additional 308 shares during the period. Coppell Advisory Solutions Corp. purchased a new stake in Wintrust Financial during the 4th quarter valued at $44,000. Finally, Quarry LP raised its holdings in Wintrust Financial by 36.1% during the 1st quarter. Quarry LP now owns 663 shares of the bank’s stock valued at $48,000 after buying an additional 176 shares during the period. 92.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WTFC has been the topic of several recent research reports. Truist Financial increased their price target on Wintrust Financial from $86.00 to $92.00 and gave the company a “buy” rating in a report on Friday, October 20th. StockNews.com started coverage on Wintrust Financial in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Raymond James reduced their target price on Wintrust Financial from $100.00 to $95.00 and set a “strong-buy” rating on the stock in a research note on Thursday, October 19th. DA Davidson increased their target price on Wintrust Financial from $82.00 to $96.00 in a research note on Friday, July 21st. Finally, Piper Sandler increased their target price on Wintrust Financial from $92.00 to $101.00 in a research note on Friday, July 21st. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Wintrust Financial has a consensus rating of “Buy” and an average target price of $92.73.

Wintrust Financial Stock Performance

Shares of Wintrust Financial stock opened at $85.81 on Friday. The firm has a market cap of $5.26 billion, a P/E ratio of 8.63 and a beta of 1.20. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.80. Wintrust Financial Co. has a 12 month low of $57.48 and a 12 month high of $95.97. The stock’s fifty day moving average price is $76.57 and its 200-day moving average price is $74.65.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Wednesday, October 18th. The bank reported $2.53 EPS for the quarter, beating the consensus estimate of $2.41 by $0.12. Wintrust Financial had a return on equity of 14.14% and a net margin of 20.73%. The firm had revenue of $574.84 million for the quarter, compared to analyst estimates of $570.01 million. During the same quarter last year, the firm posted $2.21 earnings per share. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. On average, equities research analysts expect that Wintrust Financial Co. will post 10.19 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Thursday, November 9th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Wednesday, November 8th. Wintrust Financial’s payout ratio is currently 16.10%.

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.