Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 55,827 Wintrust Financial Corporation (NASDAQ:WTFC)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested approximately $6.28 million in Wintrust Financial Corporation, acquiring 55,827 shares, representing 0.08% ownership.
• Wintrust Financial recently declared a quarterly dividend of $0.50 per share, with an annualized dividend yield of 1.51%, and a payout ratio of 18.92%.
• Analysts have a consensus price target of $145.77 for Wintrust Financial's stock, with ten analysts issuing buy ratings, reflecting overall positive sentiment in the market.

Universal Beteiligungs und Servicegesellschaft mbH purchased 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 and Exchange Commission. The fund purchased 55,827 shares of the bank's stock, valued at approximately $6,278,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.08% of Wintrust Financial at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of WTFC. 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 buying an additional 215 shares during the period. Wayfinding Financial LLC acquired a new position in Wintrust Financial in the 1st quarter valued at $36,000. Opal Wealth Advisors LLC bought a new stake in shares of Wintrust Financial during the 1st quarter valued at $38,000. Parallel Advisors LLC grew its holdings in shares of Wintrust Financial by 33.9% during the 1st quarter. Parallel Advisors LLC now owns 593 shares of the bank's stock worth $67,000 after purchasing an additional 150 shares in the last quarter. Finally, Quarry LP bought a new position in shares of Wintrust Financial in the fourth quarter worth $78,000. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Wintrust Financial

In other news, insider Edward J. Wehmer bought 3,919 shares of the company's stock in a transaction that occurred on Friday, July 25th. The shares were acquired at an average price of $26.35 per share, for a total transaction of $103,265.65. Following the completion of the acquisition, the insider directly owned 3,919 shares in the company, valued at approximately $103,265.65. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.01% of the stock is currently owned by company insiders.

Wintrust Financial Trading Down 0.1%

NASDAQ:WTFC traded down $0.11 during mid-day trading on Monday, hitting $132.00. 306,070 shares of the company's stock were exchanged, compared to its average volume of 450,044. Wintrust Financial Corporation has a fifty-two week low of $89.10 and a fifty-two week high of $142.04. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $8.83 billion, a P/E ratio of 12.49 and a beta of 0.82. The company has a 50 day simple moving average of $124.88 and a 200-day simple moving average of $120.31.

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

Wintrust Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Thursday, August 7th. Wintrust Financial's dividend payout ratio is presently 18.92%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Wintrust Financial from $130.00 to $138.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada lifted 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. Truist Financial upped their target price on Wintrust Financial from $137.00 to $151.00 and gave the stock a "buy" rating in a research note on Thursday. Hovde Group raised their target price on Wintrust Financial from $107.00 to $115.00 and gave the company a "market perform" rating in a report on Wednesday, April 23rd. Finally, Jefferies Financial Group set a $145.00 price objective on Wintrust Financial and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Wintrust Financial presently has a consensus rating of "Moderate Buy" and an average target price of $145.77.

Wintrust Financial Company 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.