VIRGINIA RETIREMENT SYSTEMS ET Al Buys New Position in Wintrust Financial Corporation $WTFC

Key Points

• Virginia Retirement Systems ET Al has acquired a new stake in Wintrust Financial Corporation, purchasing 5,443 shares valued at approximately $675,000 during the second quarter.
• Wintrust Financial reported an EPS of $3.06 for the last quarter, exceeding expectations by $0.43, with revenues also surpassing estimates at $697.84 million.
• The company announced a quarterly dividend of $0.50 per share, reflecting an annualized yield of 1.5%, with the dividend payout ratio standing at 18.38%.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 5,443 shares of the bank's stock, valued at approximately $675,000.

Several other hedge funds have also recently added to or reduced their stakes in WTFC. Maseco LLP bought a new stake in Wintrust Financial during the 2nd quarter valued at approximately $25,000. Park Place Capital Corp boosted its stake in Wintrust Financial by 1,264.7% during the 1st quarter. Park Place Capital Corp now owns 232 shares of the bank's stock valued at $26,000 after purchasing an additional 215 shares during the period. Advisors Asset Management Inc. bought a new stake in Wintrust Financial during the 1st quarter valued at approximately $27,000. AlphaQuest LLC bought a new stake in Wintrust Financial during the 1st quarter valued at approximately $33,000. Finally, Wayfinding Financial LLC bought a new stake in Wintrust Financial during the 1st quarter valued at approximately $36,000. Institutional investors own 93.48% of the company's stock.

Wintrust Financial Trading Up 2.3%

WTFC stock opened at $129.04 on Friday. The business has a fifty day moving average price of $132.48 and a 200 day moving average price of $124.62. The stock has a market capitalization of $8.64 billion, a price-to-earnings ratio of 11.86 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. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 1.01.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its earnings results on Monday, October 20th. The bank reported $3.06 EPS for the quarter, beating the consensus estimate of $2.63 by $0.43. Wintrust Financial had a return on equity of 13.05% and a net margin of 18.85%.The company had revenue of $697.84 million during the quarter, compared to analysts' expectations of $689.10 million. During the same period last year, the firm earned $2.47 EPS. Analysts expect that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, November 6th. This represents a $2.00 annualized dividend and a yield of 1.5%. Wintrust Financial's payout ratio is currently 18.38%.

Analysts Set New Price Targets

A number of analysts have commented on WTFC shares. Truist Financial raised their price objective on Wintrust Financial from $151.00 to $158.00 and gave the stock a "buy" rating in a research report on Thursday. Cowen reiterated a "buy" rating on shares of Wintrust Financial in a research report on Wednesday. Jefferies Financial Group reduced their price objective on Wintrust Financial from $165.00 to $160.00 and set a "buy" rating for the company in a research report on Tuesday. Raymond James Financial reiterated a "strong-buy" rating and issued a $157.00 price objective (up previously from $155.00) on shares of Wintrust Financial in a research report on Wednesday, July 23rd. Finally, DA Davidson reiterated a "buy" rating and issued a $158.00 price objective on shares of Wintrust Financial in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Wintrust Financial presently has an average rating of "Moderate Buy" and an average price target of $152.92.

Insiders Place Their Bets

In other Wintrust Financial news, 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 transaction, the chief operating officer directly owned 182,208 shares in the company, valued at approximately $23,965,818.24. The trade was a 7.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.01% of the company's stock.

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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