Fifth Third Bancorp grew its stake in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 87.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,049 shares of the bank's stock after purchasing an additional 11,719 shares during the quarter. Fifth Third Bancorp's holdings in Wintrust Financial were worth $2,817,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of WTFC. Millstone Evans Group LLC purchased a new position in Wintrust Financial during the fourth quarter worth about $43,000. Global Retirement Partners LLC increased its stake in Wintrust Financial by 63.5% during the 4th quarter. Global Retirement Partners LLC now owns 376 shares of the bank's stock worth $47,000 after buying an additional 146 shares during the period. Parallel Advisors LLC increased its stake in Wintrust Financial by 33.9% during the 1st quarter. Parallel Advisors LLC now owns 593 shares of the bank's stock worth $67,000 after buying an additional 150 shares during the period. Quarry LP purchased a new stake in Wintrust Financial during the 4th quarter worth approximately $78,000. Finally, Jones Financial Companies Lllp grew its holdings in Wintrust Financial by 920.9% during the 4th quarter. Jones Financial Companies Lllp now owns 684 shares of the bank's stock worth $85,000 after acquiring an additional 617 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company's stock.
Wintrust Financial Price Performance
Shares of Wintrust Financial stock traded down $2.11 during trading on Friday, reaching $117.99. The company's stock had a trading volume of 317,366 shares, compared to its average volume of 430,212. The stock has a 50-day moving average price of $114.09 and a two-hundred day moving average price of $120.74. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. Wintrust Financial Co. has a one year low of $89.10 and a one year high of $142.04. The stock has a market capitalization of $7.90 billion, a P/E ratio of 11.44 and a beta of 0.82.
Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its earnings results on Monday, April 21st. The bank reported $2.69 EPS for the quarter, beating the consensus estimate of $2.52 by $0.17. The firm had revenue of $643.11 million for the quarter, compared to analysts' expectations of $643.11 million. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same quarter in the previous year, the business posted $2.89 EPS. As a group, sell-side analysts anticipate that Wintrust Financial Co. will post 10.36 EPS for the current fiscal year.
Wintrust Financial Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend was Thursday, May 8th. Wintrust Financial's payout ratio is 19.78%.
Analyst Ratings Changes
Several research firms recently weighed in on WTFC. DA Davidson decreased their target price on Wintrust Financial from $140.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Jefferies Financial Group set a $145.00 price target on shares of Wintrust Financial and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Stephens cut their price target on shares of Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Truist Financial dropped their target price on shares of Wintrust Financial from $150.00 to $137.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Raymond James set a $143.00 price target on shares of Wintrust Financial and gave the stock a "strong-buy" rating in a research note on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Wintrust Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $135.77.
Get Our Latest Stock Report on WTFC
Wintrust Financial Profile
(
Free Report)
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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