US Bancorp DE Sells 3,335 Shares of Wintrust Financial Corporation $WTFC

Key Points

• US Bancorp DE reduced its stake in Wintrust Financial Corporation by 8.3%, selling 3,335 shares during the 2nd quarter, leaving it with 36,964 shares valued at $4,583,000.
• Wintrust Financial reported an EPS of $2.78 for the latest quarter, exceeding consensus estimates by $0.19, with revenue of $670.78 million.
• The company announced a quarterly dividend of $0.50 per share, with a current annualized dividend of $2.00 and a yield of 1.6%.

US Bancorp DE reduced its stake in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 8.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,964 shares of the bank's stock after selling 3,335 shares during the quarter. US Bancorp DE owned 0.06% of Wintrust Financial worth $4,583,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WTFC. Maseco LLP acquired a new stake in Wintrust Financial in the 2nd quarter valued at $25,000. Park Place Capital Corp increased its stake in Wintrust Financial by 1,264.7% in the 1st 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 last quarter. Advisors Asset Management Inc. acquired a new stake in Wintrust Financial in the 1st quarter valued at $27,000. AlphaQuest LLC acquired a new stake in Wintrust Financial in the 1st quarter valued at $33,000. Finally, Wayfinding Financial LLC acquired a new stake in Wintrust Financial in the 1st quarter valued at $36,000. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $128.43 on Tuesday. The company has a market capitalization of $8.60 billion, a price-to-earnings ratio of 12.15 and a beta of 0.83. 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 company has a 50-day simple moving average of $132.30 and a 200 day simple moving average of $123.47. Wintrust Financial Corporation has a 52 week low of $89.10 and a 52 week high of $142.04.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its earnings results on Monday, July 21st. The bank reported $2.78 EPS for the quarter, topping the consensus estimate of $2.59 by $0.19. The business had revenue of $670.78 million during the quarter, compared to the consensus estimate 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 EPS. On average, sell-side analysts predict that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $2.00 annualized dividend and a dividend yield of 1.6%. Wintrust Financial's payout ratio is presently 18.92%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on WTFC shares. Barclays reiterated an "overweight" rating and issued a $175.00 price target on shares of Wintrust Financial in a research note on Wednesday, October 8th. Royal Bank Of Canada lifted their price target 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. Cowen assumed coverage on shares of Wintrust Financial in a research note on Wednesday, September 24th. They issued a "buy" rating on the stock. DA Davidson boosted their price objective on shares of Wintrust Financial from $135.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Finally, Jefferies Financial Group boosted their price objective on shares of Wintrust Financial from $150.00 to $165.00 and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $149.57.

Insider Activity

In related news, insider Edward J. Wehmer bought 3,919 shares of Wintrust Financial stock in a transaction that occurred on Friday, July 25th. The stock was acquired 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 of the company's stock, valued at approximately $103,265.65. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO David A. Dykstra sold 14,942 shares of Wintrust Financial stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $131.53, for a total transaction of $1,965,321.26. Following 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. Insiders own 1.01% of the company's stock.

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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