California State Teachers Retirement System Has $12.51 Million Stock Holdings in Wintrust Financial Corporation $WTFC

California State Teachers Retirement System reduced its stake in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 1.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 77,827 shares of the bank's stock after selling 899 shares during the quarter. California State Teachers Retirement System owned approximately 0.12% of Wintrust Financial worth $12,508,355 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Wintrust Financial in the second quarter worth $1,058,088,000. First Trust Advisors LP raised its stake in Wintrust Financial by 26.6% in the 1st quarter. First Trust Advisors LP now owns 1,830,268 shares of the bank's stock valued at $254,297,000 after purchasing an additional 385,069 shares during the last quarter. Geode Capital Management LLC lifted its stake in Wintrust Financial by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,273,042 shares of the bank's stock worth $178,038,000 after acquiring an additional 16,997 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Wintrust Financial in the 2nd quarter valued at about $168,021,000. Finally, Norges Bank bought a new stake in Wintrust Financial during the 4th quarter valued at $111,924,000. 93.48% of the stock is currently owned by institutional investors.

Wintrust Financial Stock Performance

NASDAQ WTFC traded down $0.36 during trading hours on Tuesday, reaching $151.62. The stock had a trading volume of 97,282 shares, compared to its average volume of 508,753. The stock has a fifty day moving average of $157.62 and a 200 day moving average of $151.02. The stock has a market cap of $10.23 billion, a P/E ratio of 12.19 and a beta of 0.84. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.97 and a current ratio of 0.98. Wintrust Financial Corporation has a 52-week low of $119.61 and a 52-week high of $167.21.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its quarterly earnings results on Monday, July 20th. The bank reported $3.30 EPS for the quarter, beating the consensus estimate of $3.15 by $0.15. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The company had revenue of $738.63 million during the quarter, compared to analysts' expectations of $735.36 million. During the same quarter in the previous year, the business earned $2.78 EPS. The firm's revenue was up 10.1% on a year-over-year basis. Sell-side analysts predict that Wintrust Financial Corporation will post 13.04 earnings per share for the current year.

Wintrust Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were issued a $0.55 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $2.20 annualized dividend and a yield of 1.5%. Wintrust Financial's dividend payout ratio is currently 17.67%.

Insider Buying and Selling

In other news, COO David Dykstra sold 13,515 shares of Wintrust Financial stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $162.77, for a total transaction of $2,199,836.55. Following the sale, the chief operating officer owned 166,449 shares of the company's stock, valued at approximately $27,092,903.73. The trade was a 7.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.24% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on WTFC shares. DA Davidson increased their price target on Wintrust Financial from $185.00 to $190.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. Truist Financial lifted their price objective on Wintrust Financial from $170.00 to $183.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Raymond James Financial initiated coverage on Wintrust Financial in a report on Tuesday, July 7th. They issued an "outperform" rating and a $180.00 price objective on the stock. Wall Street Zen downgraded shares of Wintrust Financial from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, UBS Group reiterated a "neutral" rating and set a $170.00 price objective on shares of Wintrust Financial in a research note on Tuesday, July 7th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Wintrust Financial currently has an average rating of "Moderate Buy" and a consensus price target of $177.77.

Wintrust Financial Profile

Wintrust Financial Corporation NASDAQ: WTFC is a financial services company and bank holding company headquartered in Rosemont, Illinois. Founded in 1991, the company operates a network of community banks that serve individuals, families, businesses and institutions.

Wintrust's banking operations provide deposit accounts, commercial and consumer lending, mortgage financing, treasury management, payment services and other traditional banking products. Through specialized subsidiaries and affiliated businesses, the company also offers wealth management, investment services, insurance premium financing, equipment leasing and related financial solutions.

The company primarily serves communities in the greater Chicago metropolitan area and has expanded its banking presence into surrounding Midwestern markets, including parts of Wisconsin and Indiana.

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