iSAM Funds UK Ltd Buys New Shares in Wintrust Financial Co. (NASDAQ:WTFC)

iSAM Funds UK Ltd acquired a new position in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,070 shares of the bank's stock, valued at approximately $258,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Journey Strategic Wealth LLC grew its holdings in shares of Wintrust Financial by 3.6% during the 4th quarter. Journey Strategic Wealth LLC now owns 2,569 shares of the bank's stock worth $320,000 after purchasing an additional 89 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Wintrust Financial by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the bank's stock valued at $2,307,000 after buying an additional 100 shares in the last quarter. Gitterman Wealth Management LLC lifted its holdings in shares of Wintrust Financial by 5.0% during the 4th quarter. Gitterman Wealth Management LLC now owns 2,373 shares of the bank's stock worth $296,000 after acquiring an additional 113 shares during the period. Huntington National Bank boosted its position in shares of Wintrust Financial by 3.3% during the 4th quarter. Huntington National Bank now owns 3,971 shares of the bank's stock worth $495,000 after acquiring an additional 127 shares in the last quarter. Finally, Access Investment Management LLC increased its stake in Wintrust Financial by 0.7% in the fourth quarter. Access Investment Management LLC now owns 17,855 shares of the bank's stock valued at $2,227,000 after acquiring an additional 130 shares during the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WTFC has been the topic of a number of research analyst reports. Hovde Group raised their target price on Wintrust Financial from $107.00 to $115.00 and gave the company a "market perform" rating in a report on Wednesday, April 23rd. Royal Bank of Canada decreased 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. DA Davidson reduced their price target on shares of Wintrust Financial from $140.00 to $135.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Stephens lowered their price objective on shares of Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Finally, Wall Street Zen upgraded shares of Wintrust Financial from a "sell" rating to a "hold" rating in a research report on Tuesday, April 29th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $135.77.

Wintrust Financial Trading Down 0.4%

WTFC traded down $0.50 during trading on Monday, reaching $118.21. 190,290 shares of the company's stock were exchanged, compared to its average volume of 426,324. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. Wintrust Financial Co. has a one year low of $89.10 and a one year high of $142.04. The firm has a fifty day moving average price of $110.82 and a two-hundred day moving average price of $122.04. The stock has a market capitalization of $7.91 billion, a PE ratio of 11.47 and a beta of 0.81.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its quarterly earnings data on Monday, April 21st. The bank reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.17. The company had revenue of $643.11 million for the quarter, compared to analysts' expectations of $643.11 million. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same quarter in the previous year, the firm posted $2.89 earnings per share. As a group, equities research analysts forecast that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.69%. Wintrust Financial's dividend payout ratio (DPR) 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.