GTS Securities LLC Invests $334,000 in Wintrust Financial Co. (NASDAQ:WTFC)

GTS Securities LLC bought a new stake in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 2,675 shares of the bank's stock, valued at approximately $334,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Millstone Evans Group LLC purchased a new stake in shares of Wintrust Financial during the fourth quarter worth about $43,000. Global Retirement Partners LLC boosted its position in Wintrust Financial by 63.5% in the fourth quarter. Global Retirement Partners LLC now owns 376 shares of the bank's stock valued at $47,000 after buying an additional 146 shares during the last quarter. Quarry LP purchased a new stake in Wintrust Financial in the fourth quarter valued at approximately $78,000. Jones Financial Companies Lllp boosted its position in Wintrust Financial by 920.9% in the fourth quarter. Jones Financial Companies Lllp now owns 684 shares of the bank's stock valued at $85,000 after buying an additional 617 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. purchased a new stake in Wintrust Financial in the fourth quarter valued at approximately $202,000. Hedge funds and other institutional investors own 93.48% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on WTFC. Royal Bank of Canada dropped their target price on Wintrust Financial from $152.00 to $135.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Stephens dropped 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. 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. DA Davidson dropped their price target on Wintrust Financial from $140.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Finally, Hovde Group boosted their price target on Wintrust Financial from $107.00 to $115.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Wintrust Financial has an average rating of "Moderate Buy" and an average target price of $135.77.

Wintrust Financial Trading Down 0.5%

NASDAQ:WTFC traded down $0.56 during trading hours on Friday, hitting $119.39. The company had a trading volume of 251,115 shares, compared to its average volume of 426,757. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The company has a 50-day moving average of $111.31 and a 200 day moving average of $121.76. The company has a market cap of $7.99 billion, a P/E ratio of 11.58 and a beta of 0.81. Wintrust Financial Co. 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, April 21st. The bank reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.17. The company had revenue of $643.11 million during the quarter, compared to analysts' expectations of $643.11 million. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same period in the prior year, the business earned $2.89 EPS. Sell-side analysts expect that Wintrust Financial Co. will post 10.36 earnings per share for the current year.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Thursday, May 8th. Wintrust Financial's dividend payout ratio is presently 19.78%.

Wintrust Financial 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.