Simplicity Wealth LLC bought a new position in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,042 shares of the bank's stock, valued at approximately $567,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Wintrust Financial by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 6,911,488 shares of the bank's stock worth $861,932,000 after purchasing an additional 58,162 shares during the period. Earnest Partners LLC acquired a new stake in shares of Wintrust Financial during the 4th quarter worth approximately $163,767,000. First Trust Advisors LP raised its stake in shares of Wintrust Financial by 36.5% during the fourth 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 last quarter. Geode Capital Management LLC lifted its holdings in Wintrust Financial by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,165,898 shares of the bank's stock valued at $145,443,000 after buying an additional 10,172 shares during the period. Finally, Invesco Ltd. boosted its stake in Wintrust Financial by 2.8% in the fourth quarter. Invesco Ltd. now owns 1,098,706 shares of the bank's stock valued at $137,020,000 after acquiring an additional 29,967 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.
Wintrust Financial Stock Down 0.7%
Shares of NASDAQ WTFC traded down $0.88 during trading hours on Thursday, hitting $120.10. The company had a trading volume of 392,284 shares, compared to its average volume of 429,258. Wintrust Financial Co. has a 1-year low of $89.10 and a 1-year 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 firm's 50 day moving average is $113.15 and its 200-day moving average is $121.13. The stock has a market capitalization of $8.04 billion, a P/E ratio of 11.65 and a beta of 0.82.
Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The bank reported $2.69 EPS for the quarter, beating analysts' consensus estimates of $2.52 by $0.17. The company had revenue of $643.11 million during the quarter, compared to the consensus estimate 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 firm posted $2.89 EPS. On average, analysts expect that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.
Wintrust Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were given a $0.50 dividend. The ex-dividend date was Thursday, May 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.67%. Wintrust Financial's payout ratio is 19.78%.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on WTFC. Piper Sandler reaffirmed an "above average" rating on shares of Wintrust Financial in a research note on Wednesday, April 23rd. Raymond James set a $143.00 target price on shares of Wintrust Financial and gave the company a "strong-buy" rating in a research note on Wednesday, April 23rd. Wall Street Zen raised shares of Wintrust Financial from a "sell" rating to a "hold" rating in a research report on Tuesday, April 29th. Jefferies Financial Group set a $145.00 price target on shares of Wintrust Financial and gave the company a "buy" rating in a report on Wednesday, May 21st. Finally, DA Davidson lowered their price target on Wintrust Financial from $140.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Three 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 stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $135.77.
View Our Latest Analysis on WTFC
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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