Capstone Financial Advisors Inc. Takes $297,000 Position in Wintrust Financial Corporation (NASDAQ:WTFC)

Key Points

• Capstone Financial Advisors Inc. invested approximately $297,000 in Wintrust Financial Corporation, acquiring 2,639 shares in the first quarter of the year.
• Wintrust Financial reported a quarterly EPS of $2.78, surpassing analyst expectations, with revenues reaching $670.78 million.
• The company also declared a quarterly dividend of $0.50 per share, set to be paid on August 21st, indicating a 1.6% dividend yield.

Capstone Financial Advisors Inc. bought a new position in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,639 shares of the bank's stock, valued at approximately $297,000.

Several other large investors have also made changes to their positions in WTFC. CHICAGO TRUST Co NA lifted its holdings in shares of Wintrust Financial by 0.5% during the 1st quarter. CHICAGO TRUST Co NA now owns 19,896 shares of the bank's stock valued at $2,238,000 after purchasing an additional 100 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Wintrust Financial by 0.5% during the 1st quarter. Louisiana State Employees Retirement System now owns 18,600 shares of the bank's stock worth $2,092,000 after purchasing an additional 100 shares in the last quarter. Securian Asset Management Inc. raised its holdings in Wintrust Financial by 2.0% during the 1st quarter. Securian Asset Management Inc. now owns 5,098 shares of the bank's stock worth $573,000 after buying an additional 100 shares during the period. Blair William & Co. IL lifted its stake in Wintrust Financial by 0.6% in the first quarter. Blair William & Co. IL now owns 19,055 shares of the bank's stock valued at $2,143,000 after buying an additional 109 shares in the last quarter. Finally, Xponance Inc. boosted its holdings in shares of Wintrust Financial by 1.6% in the first quarter. Xponance Inc. now owns 7,646 shares of the bank's stock valued at $860,000 after buying an additional 123 shares during the period. Institutional investors and hedge funds own 93.48% of the company's stock.

Insider Buying and Selling

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

Analyst Ratings Changes

WTFC has been the topic of a number of research reports. Stephens cut their price target on Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Royal Bank Of Canada boosted their target price on Wintrust Financial from $137.00 to $158.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods raised their price target on shares of Wintrust Financial from $130.00 to $138.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 23rd. Wall Street Zen upgraded shares of Wintrust Financial from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Finally, Jefferies Financial Group set a $145.00 target price on shares of Wintrust Financial and gave the stock a "buy" rating in a report on Wednesday, May 21st. 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. Based on data from MarketBeat.com, Wintrust Financial currently has an average rating of "Moderate Buy" and an average price target of $145.77.

Wintrust Financial Stock Performance

Shares of WTFC traded up $1.37 during midday trading on Friday, reaching $124.17. The stock had a trading volume of 113,018 shares, compared to its average volume of 446,191. The firm has a market cap of $8.31 billion, a PE ratio of 11.75 and a beta of 0.85. The firm has a 50 day simple moving average of $126.21 and a 200-day simple moving average of $120.21. Wintrust Financial Corporation has a one year low of $89.10 and a one year high of $142.04. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68.

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

Wintrust Financial Announces Dividend

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

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.