Wintrust Financial Corporation (NASDAQ:WTFC) Shares Purchased by Legato Capital Management LLC

Legato Capital Management LLC grew its holdings in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 20.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,370 shares of the bank's stock after purchasing an additional 2,415 shares during the period. Legato Capital Management LLC's holdings in Wintrust Financial were worth $1,616,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of WTFC. Park Place Capital Corp increased 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 worth $26,000 after purchasing an additional 215 shares during the period. Wayfinding Financial LLC purchased a new position in shares of Wintrust Financial during the first quarter valued at $36,000. Opal Wealth Advisors LLC purchased a new position in shares of Wintrust Financial during the first quarter valued at $38,000. Parallel Advisors LLC increased its stake in shares of Wintrust Financial by 33.9% during the first quarter. Parallel Advisors LLC now owns 593 shares of the bank's stock valued at $67,000 after buying 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 $78,000. Hedge funds and other institutional investors own 93.48% of the company's stock.

Wintrust Financial Stock Performance

NASDAQ WTFC traded down $0.69 during trading hours on Friday, reaching $132.11. The stock had a trading volume of 475,858 shares, compared to its average volume of 469,024. The stock has a fifty day moving average of $124.88 and a 200 day moving average of $120.42. The stock has a market cap of $8.84 billion, a P/E ratio of 12.50 and a beta of 0.82. Wintrust Financial Corporation has a 52-week low of $89.10 and a 52-week high of $142.04. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.01.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The bank reported $2.78 EPS for the quarter, topping 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 business had revenue of $670.78 million for the quarter, compared to analyst estimates of $661.43 million. During the same quarter in the prior year, the firm posted $2.32 EPS. Sell-side analysts predict that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, August 7th. Wintrust Financial's payout ratio is 18.92%.

Analyst Ratings Changes

Several brokerages have recently commented on WTFC. Hovde Group raised their price target on Wintrust Financial from $107.00 to $115.00 and gave the company a "market perform" rating in a research note on Wednesday, April 23rd. Stephens cut their price target on Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Keefe, Bruyette & Woods raised their price target on Wintrust Financial from $130.00 to $138.00 and gave the company a "market perform" rating in a research note on Wednesday. Wall Street Zen upgraded Wintrust Financial from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, Raymond James Financial restated a "strong-buy" rating and set a $157.00 price target (up previously from $155.00) on shares of Wintrust Financial in a research note on Wednesday. Three 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $145.77.

About Wintrust Financial

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.