GSA Capital Partners LLP bought a new stake in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,943 shares of the bank's stock, valued at approximately $1,437,000.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Advisors Asset Management Inc. bought a new position in Wintrust Financial in the first quarter valued at approximately $27,000. Jones Financial Companies Lllp lifted its stake in shares of 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 purchasing an additional 335 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Wintrust Financial by 7.2% in 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 valued at $20,179,000 after purchasing an additional 12,103 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Wintrust Financial by 400.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 400 shares of the bank's stock worth $50,000 after purchasing an additional 320 shares during the last quarter. Finally, Cerity Partners LLC boosted its position in shares of Wintrust Financial by 1.6% in the 2nd quarter. Cerity Partners LLC now owns 23,120 shares of the bank's stock worth $2,866,000 after purchasing an additional 355 shares during the last quarter. 93.48% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
WTFC has been the subject of a number of recent analyst reports. DA Davidson upped their price objective on Wintrust Financial from $185.00 to $190.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. Royal Bank Of Canada upped their price target on Wintrust Financial from $175.00 to $185.00 and gave the company an "outperform" rating in a research note on Wednesday, April 22nd. Truist Financial increased their target price on shares of Wintrust Financial from $170.00 to $183.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Weiss Ratings reissued a "buy (b)" rating on shares of Wintrust Financial in a research note on Monday, June 29th. Finally, UBS Group restated a "neutral" rating and issued a $170.00 price target on shares of Wintrust Financial in a report on Tuesday, July 7th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Wintrust Financial presently has a consensus rating of "Moderate Buy" and an average price target of $177.77.
Check Out Our Latest Report on Wintrust Financial
Insider Transactions at Wintrust Financial
In related news, COO David A. Dykstra sold 13,515 shares of Wintrust Financial stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $162.77, for a total value of $2,199,836.55. Following the sale, the chief operating officer owned 166,449 shares of the company's stock, valued at approximately $27,092,903.73. This trade represents a 7.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.24% of the company's stock.
Wintrust Financial Price Performance
Shares of NASDAQ WTFC opened at $162.47 on Monday. The company has a fifty day moving average price of $159.75 and a 200 day moving average price of $151.03. The firm has a market cap of $10.96 billion, a PE ratio of 13.05 and a beta of 0.85. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.62. Wintrust Financial Corporation has a 1-year low of $119.61 and a 1-year high of $167.21.
Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its quarterly earnings results on Monday, July 20th. The bank reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.15. The firm had revenue of $738.63 million for the quarter, compared to the consensus estimate of $735.36 million. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The company's revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the business posted $2.78 EPS. Research analysts predict that Wintrust Financial Corporation will post 13.04 earnings per share for the current fiscal year.
Wintrust Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 6th will be issued a dividend of $0.55 per share. The ex-dividend date is Thursday, August 6th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.4%. Wintrust Financial's dividend payout ratio (DPR) is presently 17.67%.
Wintrust Financial Company Profile
(
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.
See Also
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