Strs Ohio Takes Position in Wintrust Financial Corporation $WTFC

Key Points

• Strs Ohio has acquired a new stake in Wintrust Financial Corporation, purchasing 104,863 shares valued at approximately $11.79 million, representing a 0.16% ownership stake by the end of the most recent quarter.
• Several research analysts have raised their price targets for Wintrust Financial, with DA Davidson and Jefferies Financial Group setting objectives as high as $165.00, contributing to a consensus rating of "Moderate Buy".
• The company recently declared a quarterly dividend of $0.50, resulting in an annualized yield of 1.5%, with a payout ratio of 18.92%.

Strs Ohio bought a new stake in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 104,863 shares of the bank's stock, valued at approximately $11,793,000. Strs Ohio owned 0.16% of Wintrust Financial at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Park Place Capital Corp boosted its stake in shares of Wintrust Financial by 1,264.7% in the first quarter. Park Place Capital Corp now owns 232 shares of the bank's stock valued at $26,000 after purchasing an additional 215 shares during the period. Advisors Asset Management Inc. bought a new position in Wintrust Financial during the 1st quarter valued at $27,000. AlphaQuest LLC bought a new position in Wintrust Financial during the 1st quarter valued at $33,000. Wayfinding Financial LLC bought a new position in Wintrust Financial during the 1st quarter valued at $36,000. Finally, Opal Wealth Advisors LLC bought a new position in Wintrust Financial during the 1st quarter valued at $38,000. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on WTFC shares. DA Davidson increased their price objective on shares of Wintrust Financial from $135.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods increased their price objective on shares of Wintrust Financial from $130.00 to $138.00 and gave the company a "market perform" rating in a research note on Wednesday, July 23rd. Jefferies Financial Group increased their price objective on shares of Wintrust Financial from $150.00 to $165.00 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. Truist Financial increased their price objective on shares of Wintrust Financial from $137.00 to $151.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Finally, Royal Bank Of Canada increased their price objective on shares of Wintrust Financial from $137.00 to $158.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Wintrust Financial presently has a consensus rating of "Moderate Buy" and an average target price of $147.31.

Insider Activity

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

Wintrust Financial Stock Down 0.4%

Shares of NASDAQ:WTFC opened at $135.58 on Friday. The stock has a market capitalization of $9.08 billion, a price-to-earnings ratio of 12.83 and a beta of 0.87. Wintrust Financial Corporation has a 1-year low of $89.10 and a 1-year high of $142.04. The company's fifty day moving average is $131.91 and its two-hundred day moving average is $120.76. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued 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. Wintrust Financial had a net margin of 18.06% and a return on equity of 12.08%. The company had revenue of $670.78 million for the quarter, compared to analysts' expectations of $661.43 million. During the same period in the prior year, the company earned $2.32 earnings per share. Equities analysts anticipate that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Wintrust Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were given a $0.50 dividend. The ex-dividend date was Thursday, August 7th. This represents a $2.00 annualized dividend and a yield of 1.5%. Wintrust Financial's dividend payout ratio (DPR) is currently 18.92%.

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.

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