Treasurer of the State of North Carolina Increases Position in Wintrust Financial Co. (NASDAQ:WTFC)

Treasurer of the State of North Carolina increased its stake in shares of Wintrust Financial Co. (NASDAQ:WTFCFree Report) by 1.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 26,973 shares of the bank’s stock after acquiring an additional 260 shares during the period. Treasurer of the State of North Carolina’s holdings in Wintrust Financial were worth $2,502,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in WTFC. Johnson Financial Group Inc. purchased a new position in Wintrust Financial during the 4th quarter worth $25,000. Quent Capital LLC increased its stake in shares of Wintrust Financial by 120.8% during the fourth quarter. Quent Capital LLC now owns 351 shares of the bank’s stock worth $33,000 after acquiring an additional 192 shares during the period. GAMMA Investing LLC purchased a new position in Wintrust Financial during the fourth quarter worth about $41,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Wintrust Financial in the fourth quarter valued at about $46,000. Finally, Principal Securities Inc. purchased a new stake in Wintrust Financial in the 4th quarter valued at approximately $59,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wintrust Financial Price Performance

Shares of NASDAQ WTFC opened at $94.91 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.78. The company’s 50-day moving average price is $99.08 and its 200 day moving average price is $96.00. Wintrust Financial Co. has a 52 week low of $67.61 and a 52 week high of $105.29. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 9.81 and a beta of 1.19.

Wintrust Financial (NASDAQ:WTFCGet Free Report) last issued its quarterly earnings data on Thursday, April 18th. The bank reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.47. Wintrust Financial had a net margin of 17.86% and a return on equity of 13.09%. The business had revenue of $604.77 million during the quarter, compared to analysts’ expectations of $577.80 million. During the same period last year, the company posted $2.80 EPS. The company’s revenue was up 6.9% on a year-over-year basis. As a group, research analysts forecast that Wintrust Financial Co. will post 10.14 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th were issued a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, May 8th. This represents a $1.80 dividend on an annualized basis and a yield of 1.90%. Wintrust Financial’s dividend payout ratio (DPR) is 18.61%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on WTFC shares. Jefferies Financial Group increased their target price on Wintrust Financial from $114.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Royal Bank of Canada increased their price objective on Wintrust Financial from $109.00 to $116.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. Barclays decreased their target price on shares of Wintrust Financial from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Citigroup reduced their price objective on shares of Wintrust Financial from $115.00 to $113.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Finally, Stephens restated an “overweight” rating and set a $110.00 target price on shares of Wintrust Financial in a research report on Tuesday, April 16th. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $112.33.

View Our Latest Analysis on Wintrust Financial

Wintrust Financial Company Profile

(Free Report)

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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