Aptus Capital Advisors LLC Buys 7,759 Shares of Wintrust Financial Corporation $WTFC

Key Points

• Aptus Capital Advisors LLC increased its holdings in Wintrust Financial Corporation by 12.7% during the first quarter, owning 68,855 shares worth approximately $7.74 million as of its latest filing.
• Wintrust Financial recently reported earnings of $2.78 EPS, exceeding analysts' expectations, with a net margin of 18.06% and revenue of $670.78 million for the quarter.
• Wintrust Financial has declared a quarterly dividend of $0.50 per share, yielding 1.6% on an annualized basis, with the payment scheduled for August 21st.

Aptus Capital Advisors LLC lifted its holdings in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 12.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 68,855 shares of the bank's stock after acquiring an additional 7,759 shares during the period. Aptus Capital Advisors LLC owned approximately 0.10% of Wintrust Financial worth $7,743,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Northern Trust Corp lifted its holdings in shares of Wintrust Financial by 20.2% in the first quarter. Northern Trust Corp now owns 852,583 shares of the bank's stock worth $95,881,000 after acquiring an additional 143,401 shares during the last quarter. Brooklyn Investment Group increased its position in Wintrust Financial by 62.9% during the 1st quarter. Brooklyn Investment Group now owns 922 shares of the bank's stock valued at $104,000 after purchasing an additional 356 shares during the period. Raymond James Financial Inc. increased its position in Wintrust Financial by 16.0% during the 1st quarter. Raymond James Financial Inc. now owns 377,405 shares of the bank's stock valued at $42,443,000 after purchasing an additional 52,154 shares during the period. Cresset Asset Management LLC increased its position in Wintrust Financial by 11.3% during the 1st quarter. Cresset Asset Management LLC now owns 3,975 shares of the bank's stock valued at $447,000 after purchasing an additional 404 shares during the period. Finally, Aberdeen Group plc increased its position in Wintrust Financial by 19.5% during the 1st quarter. Aberdeen Group plc now owns 453,443 shares of the bank's stock valued at $50,994,000 after purchasing an additional 74,036 shares during the period. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Stock Down 0.1%

NASDAQ:WTFC traded down $0.12 during trading hours on Thursday, hitting $128.71. 199,394 shares of the company traded hands, compared to its average volume of 378,567. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.68. The firm's 50-day simple moving average is $127.47 and its 200-day simple moving average is $119.88. Wintrust Financial Corporation has a one year low of $89.10 and a one year high of $142.04. The company has a market cap of $8.62 billion, a PE ratio of 12.18 and a beta of 0.85.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The bank reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.19. The business had revenue of $670.78 million for the quarter, compared to analysts' expectations of $661.43 million. Wintrust Financial had a return on equity of 12.08% and a net margin of 18.06%.During the same period last year, the business earned $2.32 EPS. Equities analysts predict that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $2.00 annualized dividend and a yield of 1.6%. Wintrust Financial's dividend payout ratio (DPR) is 18.92%.

Insider Activity

In other Wintrust Financial news, insider Edward J. Wehmer acquired 3,919 shares of the business's stock in a transaction dated Friday, July 25th. The stock was bought at an average price of $26.35 per share, with a total value of $103,265.65. Following the completion of the acquisition, the insider owned 3,919 shares of the company's stock, valued at $103,265.65. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO David A. Dykstra sold 14,942 shares of the business's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $131.53, for a total value of $1,965,321.26. Following the transaction, the chief operating officer directly owned 182,208 shares of the company's stock, valued at $23,965,818.24. The trade was a 7.58% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.01% of the company's stock.

Wall Street Analyst Weigh In

WTFC has been the subject of several recent analyst reports. Truist Financial raised their price objective on shares of Wintrust Financial from $137.00 to $151.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Royal Bank Of Canada raised their price objective on shares of Wintrust Financial from $137.00 to $158.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Stephens reduced their price objective on shares of Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Raymond James Financial reaffirmed a "strong-buy" rating and set a $157.00 price objective (up previously from $155.00) on shares of Wintrust Financial in a research report on Wednesday, July 23rd. Finally, Barclays reaffirmed an "overweight" rating and set a $162.00 price objective (up previously from $145.00) on shares of Wintrust Financial in a research report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Wintrust Financial currently has an average rating of "Moderate Buy" and a consensus price target of $145.77.

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.