VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Shares in Wintrust Financial Corporation $WTFC

Key Points

• Virginia Retirement Systems acquired 8,643 Wintrust Financial shares worth approximately $1.39 million in the second quarter. Institutional investors and hedge funds collectively own 93.48% of the company.
• Wintrust reported quarterly EPS of $3.30, exceeding the $3.15 consensus estimate, while revenue rose 10.1% year over year to $738.63 million. The company also paid a quarterly dividend of $0.55 per share.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $177.77; however, COO David Dykstra recently sold 13,515 shares for roughly $2.2 million.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 8,643 shares of the bank's stock, valued at approximately $1,389,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Wintrust Financial in the second quarter valued at $27,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Wintrust Financial during the 2nd quarter worth about $36,000. Elyxium Wealth LLC acquired a new position in Wintrust Financial during the 4th quarter worth about $31,000. Creative Financial Designs Inc. ADV grew its holdings in Wintrust Financial by 231.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank's stock worth $32,000 after acquiring an additional 160 shares during the last quarter. Finally, Advisors Asset Management Inc. bought a new stake in Wintrust Financial during the 1st quarter worth about $27,000. Institutional investors and hedge funds own 93.48% of the company's stock.

Insider Transactions at Wintrust Financial

In other Wintrust Financial news, COO David Dykstra sold 13,515 shares of Wintrust Financial stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $162.77, for a total transaction 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. The trade was a 7.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.24% of the company's stock.

Wintrust Financial Stock Performance

Shares of NASDAQ:WTFC opened at $152.16 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.62. Wintrust Financial Corporation has a 1-year low of $119.61 and a 1-year high of $167.21. The stock has a market capitalization of $10.27 billion, a P/E ratio of 12.22 and a beta of 0.84. The business has a 50-day moving average price of $157.84 and a two-hundred day moving average price of $150.99.

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

Wintrust Financial Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Truist Financial boosted their target price on shares of Wintrust Financial from $170.00 to $183.00 and gave the stock a "buy" rating in a research note on Friday, July 10th. Citigroup cut shares of Wintrust Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, July 21st. Piper Sandler set a $186.00 price target on shares of Wintrust Financial in a report on Wednesday, July 22nd. Weiss Ratings restated a "buy (b)" rating on shares of Wintrust Financial in a research report on Monday, June 29th. Finally, TD Cowen reduced their price objective on Wintrust Financial from $184.00 to $183.00 and set a "buy" rating on the stock in a report on Wednesday, July 22nd. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $177.77.

Wintrust Financial Profile

Wintrust Financial Corporation NASDAQ: WTFC is a financial services company and bank holding company headquartered in Rosemont, Illinois. Founded in 1991, the company operates a network of community banks that serve individuals, families, businesses and institutions.

Wintrust's banking operations provide deposit accounts, commercial and consumer lending, mortgage financing, treasury management, payment services and other traditional banking products. Through specialized subsidiaries and affiliated businesses, the company also offers wealth management, investment services, insurance premium financing, equipment leasing and related financial solutions.

The company primarily serves communities in the greater Chicago metropolitan area and has expanded its banking presence into surrounding Midwestern markets, including parts of Wisconsin and Indiana.

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