one8zero8 LLC Takes $2.02 Million Position in Wintrust Financial Corporation $WTFC

Key Points

• one8zero8 LLC acquired 12,600 shares of Wintrust Financial in the second quarter, valued at approximately $2.02 million. Institutional investors and hedge funds collectively own 93.48% of the company.
• Analysts maintain a generally positive outlook, with nine Buy ratings and four Holds, resulting in a “Moderate Buy” consensus and an average price target of $177.77.
• Wintrust exceeded quarterly earnings expectations, reporting $3.30 EPS and $738.63 million in revenue, while revenue rose 10.1% year over year. The bank also declared a quarterly dividend of $0.55 per share, representing a 1.4% yield.

one8zero8 LLC bought a new position in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 12,600 shares of the bank's stock, valued at approximately $2,025,000.

Other institutional investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Wintrust Financial during the 2nd quarter valued at $27,000. Advisors Asset Management Inc. bought a new position in shares of Wintrust Financial in the first quarter valued at about $27,000. Elyxium Wealth LLC acquired a new stake in shares of Wintrust Financial during the 4th quarter worth about $31,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of Wintrust Financial by 231.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank's stock worth $32,000 after buying an additional 160 shares during the period. Finally, Harbour Investments Inc. boosted its holdings in shares of Wintrust Financial by 72.7% during the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank's stock worth $34,000 after buying an additional 101 shares during the period. 93.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on WTFC shares. DA Davidson boosted their price objective on Wintrust Financial from $185.00 to $190.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. UBS Group restated a "neutral" rating and issued a $170.00 price target on shares of Wintrust Financial in a research note on Tuesday, July 7th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Wintrust Financial in a report on Monday, June 29th. TD Cowen lowered their price objective on Wintrust Financial from $184.00 to $183.00 and set a "buy" rating on the stock in a research report on Wednesday, July 22nd. Finally, Piper Sandler set a $186.00 target price on Wintrust Financial in a report on Wednesday, July 22nd. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $177.77.

Wintrust Financial Price Performance

Wintrust Financial stock opened at $153.41 on Thursday. The stock's fifty day moving average price is $159.99 and its two-hundred day moving average price is $151.27. Wintrust Financial Corporation has a one year low of $119.61 and a one year high of $167.21. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97. The firm has a market cap of $10.35 billion, a PE ratio of 12.32 and a beta of 0.85.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its quarterly earnings data on Monday, July 20th. The bank reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.15. The firm had revenue of $738.63 million during the quarter, compared to analysts' expectations of $735.36 million. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The company's quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.78 EPS. As a group, research analysts expect that Wintrust Financial Corporation will post 13.04 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

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 given a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $2.20 annualized dividend and a yield of 1.4%. Wintrust Financial's dividend payout ratio is currently 17.67%.

Insider Transactions at Wintrust Financial

In other Wintrust Financial news, COO David A. Dykstra sold 13,515 shares of the firm's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $162.77, for a total value of $2,199,836.55. Following the transaction, the chief operating officer directly owned 166,449 shares of the company's stock, valued at $27,092,903.73. This trade represents a 7.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.24% of the stock is owned by insiders.

About Wintrust Financial

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.

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