UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 16,809 Shares of Wintrust Financial Corporation $WTFC

Key Points

• UBS Asset Management increased its Wintrust Financial stake by 10.9%, purchasing 16,809 shares to hold 171,220 shares valued at approximately $27.5 million. Institutional investors collectively own 93.48% of the stock.
• Analysts maintain a favorable outlook, with nine Buy ratings and four Holds producing a consensus “Moderate Buy” rating and an average price target of $177.77.
• Wintrust exceeded quarterly earnings expectations, reporting $3.30 in EPS versus the $3.15 consensus and 10.1% year-over-year revenue growth. The company also pays a quarterly dividend of $0.55 per share, implying a 1.4% yield.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 10.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 171,220 shares of the bank's stock after buying an additional 16,809 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.25% of Wintrust Financial worth $27,518,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hsbc Holdings PLC bought a new position in Wintrust Financial during the 2nd quarter worth approximately $9,637,000. Beacon Pointe Advisors LLC bought a new stake in Wintrust Financial in the second quarter valued at approximately $456,000. Empowered Funds LLC bought a new stake in Wintrust Financial in the second quarter valued at approximately $3,057,000. United Capital Financial Advisors LLC acquired a new stake in Wintrust Financial in the second quarter worth $868,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Wintrust Financial in the second quarter worth $9,669,000. 93.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WTFC has been the subject of several research analyst reports. Weiss Ratings reissued a "buy (b)" rating on shares of Wintrust Financial in a report on Monday, June 29th. Barclays raised their price objective on Wintrust Financial from $190.00 to $192.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 7th. UBS Group reiterated a "neutral" rating and set a $170.00 target price on shares of Wintrust Financial in a report on Tuesday, July 7th. Piper Sandler set a $186.00 price target on Wintrust Financial in a report on Wednesday, July 22nd. Finally, Truist Financial increased their price target on Wintrust Financial from $170.00 to $183.00 and gave the stock a "buy" rating in a report on Friday, July 10th. 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of $177.77.

Wintrust Financial Price Performance

Shares of NASDAQ WTFC opened at $153.52 on Friday. 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 business has a 50-day moving average of $158.91 and a 200-day moving average of $151.05. The stock has a market capitalization of $10.36 billion, a price-to-earnings ratio of 12.33 and a beta of 0.84. Wintrust Financial Corporation has a fifty-two week low of $119.61 and a fifty-two week high of $167.21.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its earnings results on Monday, July 20th. The bank reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.15. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The business had revenue of $738.63 million for the quarter, compared to analyst estimates of $735.36 million. During the same quarter in the prior year, the company posted $2.78 earnings per share. Wintrust Financial's revenue was up 10.1% on a year-over-year basis. As a group, sell-side analysts predict that Wintrust Financial Corporation will post 13.04 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were paid a dividend of $0.55 per share. The ex-dividend date was Thursday, August 6th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.4%. Wintrust Financial's dividend payout ratio is currently 17.67%.

Insider Activity

In other news, COO David Dykstra sold 13,515 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $162.77, for a total value of $2,199,836.55. Following the completion of the sale, the chief operating officer owned 166,449 shares of the company's stock, valued at approximately $27,092,903.73. This represents a 7.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.24% of the stock is currently owned by corporate insiders.

Wintrust Financial Company Profile

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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