Harbor Capital Advisors Inc. Acquires 12,416 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Harbor Capital Advisors Inc. lifted its position in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 16.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,815 shares of the bank's stock after buying an additional 12,416 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.13% of Wintrust Financial worth $10,101,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in WTFC. Vanguard Group Inc. raised its holdings in shares of Wintrust Financial by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 6,911,488 shares of the bank's stock valued at $861,932,000 after purchasing an additional 58,162 shares during the period. Earnest Partners LLC bought a new position in shares of Wintrust Financial during the 4th quarter worth approximately $163,767,000. First Trust Advisors LP boosted its stake in shares of Wintrust Financial by 36.5% during the 4th quarter. First Trust Advisors LP now owns 1,263,837 shares of the bank's stock worth $157,613,000 after acquiring an additional 337,763 shares during the period. Geode Capital Management LLC increased its holdings in shares of Wintrust Financial by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 1,165,898 shares of the bank's stock worth $145,443,000 after acquiring an additional 10,172 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Wintrust Financial by 2.8% during the fourth quarter. Invesco Ltd. now owns 1,098,706 shares of the bank's stock worth $137,020,000 after purchasing an additional 29,967 shares during the period. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Price Performance

Shares of WTFC stock traded down $0.73 during trading hours on Thursday, reaching $120.25. The company's stock had a trading volume of 248,336 shares, compared to its average volume of 428,022. Wintrust Financial Co. has a fifty-two week low of $89.10 and a fifty-two week high of $142.04. The firm's 50 day simple moving average is $113.15 and its 200-day simple moving average is $121.13. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $8.05 billion, a price-to-earnings ratio of 11.66 and a beta of 0.82.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The bank reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.17. The company had revenue of $643.11 million for the quarter, compared to analyst estimates of $643.11 million. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same period in the previous year, the firm posted $2.89 EPS. Sell-side analysts forecast that Wintrust Financial Co. will post 10.36 earnings per share for the current year.

Wintrust Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.66%. The ex-dividend date was Thursday, May 8th. Wintrust Financial's dividend payout ratio (DPR) is 19.78%.

Analyst Upgrades and Downgrades

Several analysts recently commented on WTFC shares. Royal Bank of Canada reduced their target price on shares of Wintrust Financial from $152.00 to $135.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Truist Financial reduced their price objective on Wintrust Financial from $150.00 to $137.00 and set a "buy" rating for the company in a report on Friday, April 25th. Barclays increased their target price on Wintrust Financial from $138.00 to $145.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 23rd. Stephens reduced their price target 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, Hovde Group upped their price objective on Wintrust Financial from $107.00 to $115.00 and gave the company a "market perform" rating in a report on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Wintrust Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $135.77.

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.