Harbor Capital Advisors Inc. Has $11.89 Million Holdings in Wintrust Financial Corporation $WTFC

Key Points

• Harbor Capital Advisors Inc. increased its holdings in Wintrust Financial Corporation by 6.8%, now owning approximately $11.89 million worth of shares as of the recent SEC filing.
• Wintrust Financial reported earnings per share of $2.78 for the last quarter, surpassing analysts' expectations of $2.59 and showing a significant year-over-year increase from $2.32 EPS.
• The company recently announced a quarterly dividend of $0.50, reflecting an annualized yield of 1.5% and a payout ratio of 18.92%.

Harbor Capital Advisors Inc. lifted its holdings in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 6.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,903 shares of the bank's stock after acquiring an additional 6,088 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.14% of Wintrust Financial worth $11,890,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Park Place Capital Corp boosted its holdings in shares of Wintrust Financial by 1,264.7% in the 1st quarter. Park Place Capital Corp now owns 232 shares of the bank's stock worth $26,000 after acquiring an additional 215 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Wintrust Financial in the 1st quarter worth approximately $27,000. AlphaQuest LLC acquired a new position in shares of Wintrust Financial in the 1st quarter worth approximately $33,000. Wayfinding Financial LLC acquired a new position in shares of Wintrust Financial in the 1st quarter worth approximately $36,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Wintrust Financial by 52.9% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 289 shares of the bank's stock worth $36,000 after acquiring an additional 100 shares in the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Edward J. Wehmer bought 3,919 shares of Wintrust Financial stock in a transaction that occurred on Friday, July 25th. The stock was purchased at an average cost of $26.35 per share, with a total value of $103,265.65. Following the purchase, the insider owned 3,919 shares in the company, valued at approximately $103,265.65. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO David A. Dykstra sold 14,942 shares of the company's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $131.53, for a total transaction of $1,965,321.26. Following the completion of the transaction, the chief operating officer directly owned 182,208 shares of the company's stock, valued at approximately $23,965,818.24. The trade was a 7.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.01% of the stock is currently owned by corporate insiders.

Wintrust Financial Price Performance

Shares of NASDAQ WTFC opened at $133.66 on Tuesday. The firm has a market cap of $8.95 billion, a PE ratio of 12.65 and a beta of 0.87. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. Wintrust Financial Corporation has a 1-year low of $89.10 and a 1-year high of $142.04. The company has a fifty day moving average price of $131.97 and a 200 day moving average price of $120.81.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its earnings results on Monday, July 21st. The bank reported $2.78 earnings per share for the quarter, topping analysts' consensus estimates of $2.59 by $0.19. The firm had revenue of $670.78 million during the quarter, compared to analyst estimates of $661.43 million. Wintrust Financial had a net margin of 18.06% and a return on equity of 12.08%. During the same period in the prior year, the business earned $2.32 EPS. Research analysts predict that Wintrust Financial Corporation will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $2.00 dividend on an annualized basis and a yield of 1.5%. Wintrust Financial's dividend payout ratio is presently 18.92%.

Analyst Ratings Changes

Several research analysts have issued reports on WTFC shares. Jefferies Financial Group upped their price objective on Wintrust Financial from $150.00 to $165.00 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Truist Financial upped their price objective on Wintrust Financial from $137.00 to $151.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Piper Sandler reaffirmed an "overweight" rating and set a $160.00 price objective (up previously from $141.00) on shares of Wintrust Financial in a report on Wednesday, July 23rd. Keefe, Bruyette & Woods upped their price objective on Wintrust Financial from $130.00 to $138.00 and gave the stock a "market perform" rating in a report on Wednesday, July 23rd. Finally, DA Davidson upped their price objective on Wintrust Financial from $135.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $147.31.

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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