Deutsche Bank AG Increases Holdings in Wintrust Financial Corporation $WTFC

Key Points

• Deutsche Bank AG increased its holdings in Wintrust Financial Corporation by 50.4% in the first quarter, acquiring an additional 4,697 shares, bringing its total to 14,016 shares worth approximately $1.58 million.
• Wintrust Financial recently reported earnings of $2.78 per share for the last quarter, exceeding analysts’ estimates of $2.59, and its revenue was $670.78 million, surpassing projected figures.
• The company declared a quarterly dividend of $0.50 per share, which represents an annualized yield of 1.5% and a payout ratio of 18.92%.

Deutsche Bank AG lifted its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 50.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 14,016 shares of the bank's stock after acquiring an additional 4,697 shares during the quarter. Deutsche Bank AG's holdings in Wintrust Financial were worth $1,576,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Earnest Partners LLC bought a new position in shares of Wintrust Financial during the 4th quarter worth $163,767,000. Bank of America Corp DE grew its stake in shares of Wintrust Financial by 55.6% during the 4th quarter. Bank of America Corp DE now owns 897,932 shares of the bank's stock worth $111,981,000 after acquiring an additional 320,954 shares during the period. Jennison Associates LLC grew its stake in shares of Wintrust Financial by 53.3% during the 1st quarter. Jennison Associates LLC now owns 807,390 shares of the bank's stock worth $90,799,000 after acquiring an additional 280,568 shares during the period. Northern Trust Corp grew its stake in shares of Wintrust Financial by 20.2% during the 4th quarter. Northern Trust Corp now owns 709,182 shares of the bank's stock worth $88,442,000 after acquiring an additional 119,416 shares during the period. Finally, Reinhart Partners LLC. grew its stake in shares of Wintrust Financial by 14.6% during the 1st quarter. Reinhart Partners LLC. now owns 669,718 shares of the bank's stock worth $75,317,000 after acquiring an additional 85,129 shares during the period. Institutional investors own 93.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on WTFC shares. DA Davidson increased their price target on Wintrust Financial from $135.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods lifted their target price on Wintrust Financial from $130.00 to $138.00 and gave the company a "market perform" rating in a report on Wednesday, July 23rd. Jefferies Financial Group set a $145.00 target price on Wintrust Financial and gave the company a "buy" rating in a report on Wednesday, May 21st. Wall Street Zen raised Wintrust Financial from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating and set a $157.00 target price (up previously from $155.00) on shares of Wintrust Financial in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $145.77.

Wintrust Financial Price Performance

Shares of NASDAQ:WTFC traded up $0.45 on Thursday, hitting $138.16. The company's stock had a trading volume of 529,405 shares, compared to its average volume of 362,886. The company has a 50-day simple moving average of $129.26 and a 200 day simple moving average of $120.09. Wintrust Financial Corporation has a 1 year low of $89.10 and a 1 year high of $142.04. The company has a market capitalization of $9.25 billion, a PE ratio of 13.07 and a beta of 0.85. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 1.01.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its quarterly earnings results 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. Wintrust Financial had a return on equity of 12.08% and a net margin of 18.06%.The firm had revenue of $670.78 million for the quarter, compared to analysts' expectations of $661.43 million. During the same quarter last year, the firm posted $2.32 EPS. Sell-side analysts forecast that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $2.00 annualized dividend and a dividend yield of 1.4%. Wintrust Financial's dividend payout ratio (DPR) is presently 18.92%.

Insider Activity

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

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.