Cetera Investment Advisers increased its holdings in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 15.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,790 shares of the bank's stock after acquiring an additional 2,132 shares during the quarter. Cetera Investment Advisers' holdings in Wintrust Financial were worth $1,969,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Wintrust Financial by 0.8% during the 4th 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 position in shares of Wintrust Financial during the 4th quarter worth $163,767,000. First Trust Advisors LP grew its stake in shares of Wintrust Financial by 36.5% during the 4th quarter. First Trust Advisors LP now owns 1,263,837 shares of the bank's stock worth $157,613,000 after purchasing an additional 337,763 shares during the period. Geode Capital Management LLC grew its stake in shares of Wintrust Financial by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 1,165,898 shares of the bank's stock worth $145,443,000 after purchasing an additional 10,172 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Wintrust Financial by 2.8% during the 4th quarter. Invesco Ltd. now owns 1,098,706 shares of the bank's stock worth $137,020,000 after purchasing an additional 29,967 shares during the period. 93.48% of the stock is owned by institutional investors and hedge funds.
Wintrust Financial Stock Down 0.4%
Shares of WTFC traded down $0.50 during mid-day trading on Friday, reaching $118.21. 190,290 shares of the stock traded hands, compared to its average volume of 426,324. The firm has a market cap of $7.91 billion, a price-to-earnings ratio of 11.47 and a beta of 0.81. The stock has a fifty day simple moving average of $110.82 and a 200 day simple moving average of $122.04. 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.
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 (EPS) for the quarter, beating analysts' consensus estimates of $2.52 by $0.17. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. The company had revenue of $643.11 million for the quarter, compared to analyst estimates of $643.11 million. During the same quarter last year, the firm posted $2.89 earnings per share. Sell-side analysts expect that Wintrust Financial Co. will post 10.36 EPS for the current fiscal year.
Wintrust Financial Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend was Thursday, May 8th. Wintrust Financial's payout ratio is currently 19.78%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on WTFC shares. Truist Financial decreased their price objective on shares of Wintrust Financial from $150.00 to $137.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Stephens reduced their target price on shares of Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Hovde Group raised their target price on shares of Wintrust Financial from $107.00 to $115.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 23rd. DA Davidson cut their price target on shares of Wintrust Financial from $140.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, Wall Street Zen upgraded shares of Wintrust Financial from a "sell" rating to a "hold" rating in a report on Tuesday, April 29th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $135.77.
Read Our Latest Stock 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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