US Bancorp DE Buys 20,314 Shares of Wintrust Financial Corporation (NASDAQ:WTFC)

US Bancorp DE increased its stake in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 101.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,299 shares of the bank's stock after purchasing an additional 20,314 shares during the period. US Bancorp DE owned approximately 0.06% of Wintrust Financial worth $4,532,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Park Place Capital Corp increased its position 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 worth $26,000 after purchasing an additional 215 shares during the last quarter. Wayfinding Financial LLC bought a new position in shares of Wintrust Financial in the first quarter worth approximately $36,000. Opal Wealth Advisors LLC bought a new position in shares of Wintrust Financial in the first quarter worth approximately $38,000. Parallel Advisors LLC increased its position in shares of Wintrust Financial by 33.9% in the first quarter. Parallel Advisors LLC now owns 593 shares of the bank's stock worth $67,000 after purchasing an additional 150 shares during the last quarter. Finally, Quarry LP bought a new position in shares of Wintrust Financial in the fourth quarter worth approximately $78,000. 93.48% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Wintrust Financial news, insider Edward J. Wehmer purchased 3,919 shares of the company's stock in a transaction that occurred on Friday, July 25th. The stock was bought at an average price of $26.35 per share, with a total value of $103,265.65. Following the completion of the purchase, the insider directly owned 3,919 shares of the company's stock, valued at $103,265.65. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO David A. Dykstra sold 14,942 shares of the firm's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $131.53, for a total value of $1,965,321.26. Following the completion of the sale, the chief operating officer directly owned 182,208 shares of the company's stock, valued at $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.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Wintrust Financial from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Barclays reaffirmed an "overweight" rating and issued a $162.00 target price (up previously from $145.00) on shares of Wintrust Financial in a research note on Tuesday, July 8th. Jefferies Financial Group set a $145.00 target price on Wintrust Financial and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Stephens cut their target price on Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Finally, Raymond James Financial reaffirmed a "strong-buy" rating and issued a $157.00 target price (up previously from $155.00) on shares of Wintrust Financial in a research note on Wednesday, July 23rd. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $145.77.

Wintrust Financial Stock Performance

NASDAQ:WTFC opened at $125.82 on Wednesday. The firm has a market cap of $8.42 billion, a PE ratio of 11.90 and a beta of 0.85. 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 debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01. The business has a 50 day moving average price of $126.04 and a 200-day moving average price of $120.26.

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 for the quarter, beating analysts' consensus estimates of $2.59 by $0.19. The firm had revenue of $670.78 million during the quarter, compared to analyst estimates of $661.43 million. Wintrust Financial had a return on equity of 12.08% and a net margin of 18.06%. During the same quarter in the prior year, the firm posted $2.32 earnings per share. Equities research analysts predict that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $2.00 dividend on an annualized basis and a yield of 1.6%. Wintrust Financial's dividend payout ratio (DPR) is presently 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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