Tweedy Browne Co LLC Purchases 2,389 Shares of Wintrust Financial Corporation $WTFC

Key Points

• Tweedy Browne Co LLC increased its position in Wintrust Financial Corporation by 117.7%, acquiring an additional 2,389 shares, bringing its total holdings to 4,418 shares valued at approximately $548,000.
• Analysts have raised their price targets for Wintrust Financial, with DA Davidson setting a new target at $155.00 and Jefferies Financial at $165.00, indicating a strong buy sentiment for the stock.
• Wintrust Financial recently paid a quarterly dividend of $0.50 per share, translating to an annualized dividend of $2.00 and a yield of 1.7%.

Tweedy Browne Co LLC grew its position in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 117.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 4,418 shares of the bank's stock after acquiring an additional 2,389 shares during the period. Tweedy Browne Co LLC's holdings in Wintrust Financial were worth $548,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Maseco LLP acquired a new stake in Wintrust Financial during the 2nd quarter worth about $25,000. Park Place Capital Corp grew its holdings in Wintrust Financial by 1,264.7% during the 1st quarter. Park Place Capital Corp now owns 232 shares of the bank's stock worth $26,000 after acquiring an additional 215 shares during the period. Advisors Asset Management Inc. acquired a new stake in shares of Wintrust Financial in the 1st quarter valued at about $27,000. AlphaQuest LLC acquired a new stake in shares of Wintrust Financial in the 1st quarter valued at about $33,000. Finally, Wayfinding Financial LLC acquired a new stake in shares of Wintrust Financial in the 1st quarter valued at about $36,000. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on WTFC shares. DA Davidson raised their price target on shares of Wintrust Financial from $135.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Jefferies Financial Group lifted their price target on shares of Wintrust Financial from $150.00 to $165.00 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Wall Street Zen raised shares of Wintrust Financial from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Raymond James Financial restated a "strong-buy" rating and set a $157.00 price target (up from $155.00) on shares of Wintrust Financial in a research report on Wednesday, July 23rd. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Wintrust Financial in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Wintrust Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $149.57.

Insider Transactions at Wintrust Financial

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

Wintrust Financial Stock Performance

Wintrust Financial stock opened at $120.24 on Friday. The stock's 50 day simple moving average is $132.43 and its two-hundred day simple moving average is $123.62. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $8.05 billion, a price-to-earnings ratio of 11.38 and a beta of 0.83. Wintrust Financial Corporation has a fifty-two week low of $89.10 and a fifty-two week high of $142.04.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The bank reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.19. The business had revenue of $670.78 million for the quarter, compared to analysts' expectations of $661.43 million. Wintrust Financial had a return on equity of 12.08% and a net margin of 18.06%.During the same period in the prior year, the firm posted $2.32 EPS. As a group, analysts expect that Wintrust Financial Corporation will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, August 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.7%. Wintrust Financial's dividend payout ratio (DPR) is presently 18.92%.

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.

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