Fuller & Thaler Asset Management Inc. Has $95.03 Million Holdings in Wintrust Financial Corporation $WTFC

Key Points

• Fuller & Thaler Asset Management Inc. reduced its holdings in Wintrust Financial Corporation by 25.4%, now owning approximately $95.03 million worth of shares after selling nearly 288,396 shares.
• Wintrust Financial recently announced a quarterly dividend of $0.50 per share, representing an annualized dividend of $2.00 and a yield of 1.6%, with an ex-dividend date set for August 7th.
• Analysts have varying target price forecasts for Wintrust Financial, with estimates ranging from $132.00 to $162.00, reflecting a general consensus of a "Moderate Buy" rating.

Fuller & Thaler Asset Management Inc. lessened its position in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 25.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 844,968 shares of the bank's stock after selling 288,396 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 1.26% of Wintrust Financial worth $95,025,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Park Place Capital Corp grew its stake in Wintrust Financial by 1,264.7% in the first quarter. Park Place Capital Corp now owns 232 shares of the bank's stock valued at $26,000 after acquiring an additional 215 shares during the period. Wayfinding Financial LLC acquired a new stake in Wintrust Financial in the first quarter valued at approximately $36,000. Opal Wealth Advisors LLC acquired a new stake in Wintrust Financial in the first quarter valued at approximately $38,000. Parallel Advisors LLC grew its stake in Wintrust Financial by 33.9% in the first quarter. Parallel Advisors LLC now owns 593 shares of the bank's stock valued at $67,000 after acquiring an additional 150 shares during the period. Finally, Quarry LP purchased a new position in shares of Wintrust Financial during the fourth quarter valued at approximately $78,000. Institutional investors and hedge funds own 93.48% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WTFC. Hovde Group lifted their target price on Wintrust Financial from $107.00 to $115.00 and gave the company a "market perform" rating in a research report on Wednesday, April 23rd. Jefferies Financial Group set a $145.00 target price on Wintrust Financial and gave the company a "buy" rating in a research report on Wednesday, May 21st. Piper Sandler reaffirmed an "overweight" rating and set a $160.00 target price (up previously from $141.00) on shares of Wintrust Financial in a research report on Wednesday, July 23rd. Barclays reaffirmed an "overweight" rating and set a $162.00 target price (up previously from $145.00) on shares of Wintrust Financial in a research report on Tuesday, July 8th. Finally, Stephens cut their target price on Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Three research 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 company's stock. According to data from MarketBeat, Wintrust Financial currently has an average rating of "Moderate Buy" and a consensus target price of $145.77.

Wintrust Financial Stock Performance

Shares of WTFC opened at $127.09 on Monday. The firm has a market cap of $8.51 billion, a PE ratio of 12.02 and a beta of 0.85. The stock's fifty day moving average price is $126.92 and its two-hundred day moving average price is $119.76. 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 Corporation has a 1 year low of $89.10 and a 1 year high of $142.04.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its earnings results on Monday, July 21st. The bank reported $2.78 earnings per share (EPS) 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 analyst estimates of $661.43 million. During the same period in the previous year, the company posted $2.32 earnings per share. On average, equities research analysts forecast that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Wintrust Financial Announces Dividend

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

Insiders Place Their Bets

In other Wintrust Financial news, COO David A. Dykstra sold 14,942 shares of the company'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 transaction, the chief operating officer directly owned 182,208 shares in the company, valued at $23,965,818.24. This represents a 7.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Edward J. Wehmer bought 3,919 shares of the firm's stock in a transaction 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 in the company, valued at approximately $103,265.65. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 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.

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