Bank of America Corp DE lifted its position in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 55.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 897,932 shares of the bank's stock after purchasing an additional 320,954 shares during the quarter. Bank of America Corp DE owned 1.35% of Wintrust Financial worth $111,981,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Wintrust Financial by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 6,911,488 shares of the bank's stock valued at $861,932,000 after purchasing an additional 58,162 shares during the period. Earnest Partners LLC acquired a new stake in Wintrust Financial during the 4th quarter worth approximately $163,767,000. Principal Financial Group Inc. raised its holdings in Wintrust Financial by 11.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank's stock worth $141,981,000 after buying an additional 133,311 shares during the period. First Trust Advisors LP raised its holdings in Wintrust Financial by 36.5% during the 4th quarter. First Trust Advisors LP now owns 1,263,837 shares of the bank's stock worth $157,613,000 after buying an additional 337,763 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Wintrust Financial by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 1,165,898 shares of the bank's stock worth $145,443,000 after buying an additional 10,172 shares during the period. Institutional investors own 93.48% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on WTFC shares. DA Davidson decreased their price target on shares of Wintrust Financial from $140.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. StockNews.com raised shares of Wintrust Financial from a "sell" rating to a "hold" rating in a research note on Tuesday, April 29th. Hovde Group raised their target price on shares of Wintrust Financial from $107.00 to $115.00 and gave the company a "market perform" rating in a research note on Wednesday, April 23rd. Truist Financial decreased their target price on shares of Wintrust Financial from $150.00 to $137.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Piper Sandler reissued an "above average" rating on shares of Wintrust Financial in a research note on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $133.54.
Get Our Latest Research Report on Wintrust Financial
Wintrust Financial Price Performance
WTFC stock traded up $0.48 during midday trading on Tuesday, reaching $122.16. The company had a trading volume of 425,133 shares, compared to its average volume of 422,095. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.00. The company has a market capitalization of $8.18 billion, a price-to-earnings ratio of 11.85 and a beta of 0.81. Wintrust Financial Co. has a 1-year low of $89.10 and a 1-year high of $142.04. The stock has a 50 day moving average price of $109.13 and a 200-day moving average price of $121.89.
Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its earnings results on Monday, April 21st. The bank reported $2.69 EPS for the quarter, topping the consensus estimate of $2.52 by $0.17. The firm had revenue of $643.11 million during the quarter, compared to the consensus estimate of $643.11 million. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same quarter in the previous year, the firm earned $2.89 earnings per share. Equities research analysts expect that Wintrust Financial Co. will post 10.36 earnings per share for the current year.
Wintrust Financial Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Thursday, May 8th. Wintrust Financial's dividend payout ratio is currently 19.78%.
About Wintrust Financial
(
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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