EFG International AG purchased a new stake in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 36,764 shares of the bank's stock, valued at approximately $5,907,000. EFG International AG owned 0.05% of Wintrust Financial at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in WTFC. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Wintrust Financial during the 2nd quarter valued at approximately $27,000. Advisors Asset Management Inc. acquired a new position in Wintrust Financial in the first quarter valued at approximately $27,000. Elyxium Wealth LLC purchased a new position in Wintrust Financial in the fourth quarter worth approximately $31,000. Creative Financial Designs Inc. ADV increased its stake in Wintrust Financial by 231.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank's stock worth $32,000 after acquiring an additional 160 shares during the last quarter. Finally, Harbour Investments Inc. increased its stake in Wintrust Financial by 72.7% during the fourth quarter. Harbour Investments Inc. now owns 240 shares of the bank's stock worth $34,000 after acquiring an additional 101 shares during the last quarter. Institutional investors and hedge funds own 93.48% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on WTFC. Brean Capital cut Wintrust Financial from a "buy" rating to a "neutral" rating and set a $170.00 price target for the company. in a report on Tuesday, July 21st. Capital One Financial set a $170.00 price objective on shares of Wintrust Financial in a report on Tuesday, July 21st. Truist Financial upped their target price on shares of Wintrust Financial from $170.00 to $183.00 and gave the company a "buy" rating in a research report on Friday, July 10th. UBS Group reaffirmed a "neutral" rating and set a $170.00 target price on shares of Wintrust Financial in a research note on Tuesday, July 7th. Finally, DA Davidson lifted their price target on shares of Wintrust Financial from $185.00 to $190.00 and gave the company a "buy" rating in a research report on Wednesday, July 22nd. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $177.77.
Read Our Latest Stock Analysis on WTFC
Insider Activity at Wintrust Financial
In other Wintrust Financial news, COO David A. Dykstra sold 13,515 shares of the business's stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $162.77, for a total value of $2,199,836.55. Following the completion of the transaction, the chief operating officer owned 166,449 shares in the company, valued at $27,092,903.73. The trade was a 7.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.24% of the stock is currently owned by company insiders.
Wintrust Financial Stock Down 0.6%
Shares of WTFC opened at $151.09 on Wednesday. The company's 50-day simple moving average is $159.57 and its 200-day simple moving average is $151.26. 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 1 year low of $119.61 and a 1 year high of $167.21. The stock has a market capitalization of $10.19 billion, a PE ratio of 12.14 and a beta of 0.85.
Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its quarterly earnings data on Monday, July 20th. The bank reported $3.30 earnings per share for the quarter, beating 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 firm 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 posted $2.78 earnings per share. The business's quarterly revenue was up 10.1% compared to the same quarter last year. Analysts forecast that Wintrust Financial Corporation will post 13.04 earnings per share for the current fiscal year.
Wintrust Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, August 6th. Wintrust Financial's dividend payout ratio (DPR) is currently 17.67%.
About Wintrust Financial
(
Free Report)
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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