Point72 Asset Management L.P. Takes Position in Wintrust Financial Co. (NASDAQ:WTFC)

Point72 Asset Management L.P. purchased a new position in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,500 shares of the bank's stock, valued at approximately $1,060,000.

Several other large investors have also modified their holdings of WTFC. Barclays PLC grew its position in shares of Wintrust Financial by 3.5% during the third quarter. Barclays PLC now owns 81,737 shares of the bank's stock worth $8,870,000 after buying an additional 2,748 shares in the last quarter. Park Avenue Securities LLC raised its position in Wintrust Financial by 36.6% in the fourth quarter. Park Avenue Securities LLC now owns 7,459 shares of the bank's stock worth $930,000 after acquiring an additional 1,999 shares in the last quarter. Merit Financial Group LLC purchased a new position in Wintrust Financial in the 4th quarter worth about $263,000. UMB Bank n.a. increased its stake in Wintrust Financial by 32.2% in the 4th quarter. UMB Bank n.a. now owns 677 shares of the bank's stock worth $84,000 after purchasing an additional 165 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its stake in Wintrust Financial by 6.0% during the 4th quarter. Crossmark Global Holdings Inc. now owns 5,676 shares of the bank's stock valued at $708,000 after acquiring an additional 323 shares in the last quarter. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Wintrust Financial Stock Performance

NASDAQ:WTFC traded up $1.43 during trading hours on Tuesday, reaching $119.64. The stock had a trading volume of 46,683 shares, compared to its average volume of 463,633. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01. The stock has a 50 day simple moving average of $110.90 and a 200 day simple moving average of $121.97. Wintrust Financial Co. has a 12-month low of $89.10 and a 12-month high of $142.04. The stock has a market cap of $8.01 billion, a P/E ratio of 11.60 and a beta of 0.81.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its earnings results on Monday, April 21st. The bank reported $2.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.52 by $0.17. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. The business had revenue of $643.11 million during the quarter, compared to the consensus estimate of $643.11 million. During the same period last year, the business posted $2.89 earnings per share. On average, research analysts forecast that Wintrust Financial Co. will post 10.36 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were paid a dividend of $0.50 per share. 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 1.67%. Wintrust Financial's payout ratio is 19.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on WTFC shares. Truist Financial reduced their target price on Wintrust Financial from $150.00 to $137.00 and set a "buy" rating for the company in a report on Friday, April 25th. Hovde Group upped their price target on Wintrust Financial from $107.00 to $115.00 and gave the company a "market perform" rating in a research report on Wednesday, April 23rd. Raymond James set a $143.00 target price on Wintrust Financial and gave the stock a "strong-buy" rating in a report on Wednesday, April 23rd. Jefferies Financial Group set a $145.00 price target on Wintrust Financial and gave the company a "buy" rating in a research note on Wednesday, May 21st. Finally, DA Davidson cut their target price on Wintrust Financial from $140.00 to $135.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Three 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's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $135.77.

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.