Deutsche Bank AG Invests $8.32 Million in Wintrust Financial Corporation $WTFC

Key Points

• Deutsche Bank AG initiated an $8.32 million position in Wintrust Financial during the second quarter, purchasing 51,770 shares. Institutional investors collectively own 93.48% of the company.
• Wintrust Financial reported quarterly earnings of $3.30 per share, exceeding estimates by $0.15, while revenue rose 10.1% year over year to $738.63 million.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $177.77, compared with the stock’s opening price of $152.67; the company also pays a $0.55 quarterly dividend.

Deutsche Bank AG bought a new stake in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 51,770 shares of the bank's stock, valued at approximately $8,320,000. Deutsche Bank AG owned about 0.08% of Wintrust Financial at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Advisors Asset Management Inc. bought a new stake in Wintrust Financial in the 1st quarter worth about $27,000. Jones Financial Companies Lllp increased its stake in Wintrust Financial by 49.0% in the 1st quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank's stock valued at $115,000 after buying an additional 335 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Wintrust Financial by 7.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 179,430 shares of the bank's stock worth $20,179,000 after buying an additional 12,103 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Wintrust Financial by 400.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 400 shares of the bank's stock worth $50,000 after buying an additional 320 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in shares of Wintrust Financial by 1.6% during the 2nd quarter. Cerity Partners LLC now owns 23,120 shares of the bank's stock worth $2,866,000 after buying an additional 355 shares in the last quarter. 93.48% of the stock is owned by institutional investors.

Insider Activity

In other news, COO David A. Dykstra sold 13,515 shares of the company's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $162.77, for a total transaction of $2,199,836.55. Following the transaction, the chief operating officer owned 166,449 shares of the company's stock, valued at $27,092,903.73. This represents a 7.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.24% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. DA Davidson upped their target price on Wintrust Financial from $185.00 to $190.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. UBS Group reiterated a "neutral" rating and set a $170.00 price target on shares of Wintrust Financial in a report on Tuesday, July 7th. Weiss Ratings reissued a "buy (b)" rating on shares of Wintrust Financial in a research report on Monday, June 29th. Truist Financial raised their target price on Wintrust Financial from $170.00 to $183.00 and gave the company a "buy" rating in a research report on Friday, July 10th. Finally, TD Cowen lowered their target price on Wintrust Financial from $184.00 to $183.00 and set a "buy" rating on the stock in a research note on Wednesday, July 22nd. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $177.77.

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $152.67 on Monday. The company has a 50 day moving average of $159.79 and a 200-day moving average of $151.33. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62. Wintrust Financial Corporation has a 12-month low of $119.61 and a 12-month high of $167.21. The firm has a market cap of $10.30 billion, a P/E ratio of 12.26 and a beta of 0.85.

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, topping analysts' consensus estimates of $3.15 by $0.15. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. The company had revenue of $738.63 million for the quarter, compared to analysts' expectations of $735.36 million. During the same quarter in the previous year, the firm posted $2.78 EPS. Wintrust Financial's revenue was up 10.1% on a year-over-year basis. Sell-side analysts anticipate that Wintrust Financial Corporation will post 13.04 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were paid a $0.55 dividend. The ex-dividend date was Thursday, August 6th. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. Wintrust Financial's payout ratio is presently 17.67%.

Wintrust Financial Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm's core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.

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