Brevan Howard Capital Management LP Makes New Investment in Wintrust Financial Co. (NASDAQ:WTFC)

Brevan Howard Capital Management LP acquired a new position in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,630 shares of the bank's stock, valued at approximately $1,076,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Fifth Third Bancorp lifted its position in Wintrust Financial by 4,145.2% during the 4th quarter. Fifth Third Bancorp now owns 13,330 shares of the bank's stock worth $1,662,000 after acquiring an additional 13,016 shares during the last quarter. KBC Group NV boosted its stake in Wintrust Financial by 1,412.8% during the 4th quarter. KBC Group NV now owns 30,393 shares of the bank's stock valued at $3,790,000 after purchasing an additional 28,384 shares during the period. Entropy Technologies LP acquired a new stake in Wintrust Financial in the 4th quarter valued at approximately $499,000. Atria Investments Inc increased its position in Wintrust Financial by 34.5% in the 4th quarter. Atria Investments Inc now owns 10,926 shares of the bank's stock worth $1,363,000 after buying an additional 2,804 shares during the period. Finally, Merit Financial Group LLC acquired a new position in shares of Wintrust Financial during the fourth quarter worth approximately $263,000. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Trading Up 0.5 %

Shares of Wintrust Financial stock opened at $114.37 on Thursday. The stock has a market capitalization of $7.65 billion, a P/E ratio of 11.09 and a beta of 0.81. Wintrust Financial Co. has a 12-month low of $89.10 and a 12-month high of $142.04. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The company has a 50-day simple moving average of $108.91 and a 200 day simple moving average of $121.68.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The bank reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.17. The company had revenue of $643.11 million during the quarter, compared to analyst estimates of $643.11 million. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same quarter last year, the business posted $2.89 earnings per share. Research analysts expect that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Thursday, May 8th. Wintrust Financial's payout ratio is presently 19.78%.

Analyst Ratings Changes

Several research firms recently commented on WTFC. Stephens cut their target price on shares of Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Barclays lifted their target price on Wintrust Financial from $138.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 23rd. Piper Sandler reiterated an "above average" rating on shares of Wintrust Financial in a research report on Wednesday, April 23rd. DA Davidson lowered their price objective on Wintrust Financial from $140.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Finally, StockNews.com raised Wintrust Financial from a "sell" rating to a "hold" rating in a research report on Tuesday, April 29th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $133.54.

Wintrust Financial Company Profile

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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