Wintrust Financial Corporation $WTFC is CHICAGO TRUST Co NA's 6th Largest Position

Key Points

• CHICAGO TRUST Co NA increased its stake in Wintrust Financial Corporation by 591.9%, making it the 6th largest holding in their portfolio.
• The company reported earnings of $2.78 per share, exceeding the consensus estimate of $2.59, alongside a revenue of $670.78 million for the recent quarter.
• A quarterly dividend of $0.50 per share was recently paid out, providing a 1.5% yield on an annualized basis.

CHICAGO TRUST Co NA lifted its position in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 591.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 137,664 shares of the bank's stock after purchasing an additional 117,768 shares during the quarter. Wintrust Financial accounts for about 2.4% of CHICAGO TRUST Co NA's holdings, making the stock its 6th largest holding. CHICAGO TRUST Co NA owned approximately 0.21% of Wintrust Financial worth $17,068,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Park Place Capital Corp boosted its holdings in shares of Wintrust Financial by 1,264.7% in the 1st quarter. Park Place Capital Corp now owns 232 shares of the bank's stock worth $26,000 after purchasing an additional 215 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in shares of Wintrust Financial in the 1st quarter worth about $27,000. AlphaQuest LLC purchased a new position in shares of Wintrust Financial in the 1st quarter worth about $33,000. Wayfinding Financial LLC purchased a new position in shares of Wintrust Financial in the 1st quarter worth about $36,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Wintrust Financial by 52.9% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 289 shares of the bank's stock worth $36,000 after purchasing an additional 100 shares in the last quarter. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, COO David A. Dykstra sold 14,942 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer owned 182,208 shares of the company's stock, valued at $23,965,818.24. This trade represents a 7.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edward J. Wehmer acquired 3,919 shares of Wintrust Financial stock in a transaction that occurred on Friday, July 25th. The shares were bought at an average cost of $26.35 per share, with a total value of $103,265.65. Following the transaction, the insider owned 3,919 shares in the company, valued at $103,265.65. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.01% of the stock is owned by company insiders.

Wintrust Financial Stock Down 1.3%

Shares of NASDAQ:WTFC opened at $133.38 on Tuesday. Wintrust Financial Corporation has a 52-week low of $89.10 and a 52-week high of $142.04. The firm has a market capitalization of $8.93 billion, a P/E ratio of 12.62 and a beta of 0.87. The stock has a 50 day moving average price of $132.14 and a 200-day moving average price of $121.46. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its earnings results on Monday, July 21st. The bank reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.19. Wintrust Financial had a return on equity of 12.08% and a net margin of 18.06%.The firm had revenue of $670.78 million during the quarter, compared to analyst estimates of $661.43 million. During the same quarter in the prior year, the company earned $2.32 EPS. As a group, equities research analysts anticipate that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, August 7th. Wintrust Financial's dividend payout ratio (DPR) is 18.92%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WTFC. DA Davidson upped their price objective on Wintrust Financial from $135.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Barclays restated an "overweight" rating and set a $162.00 target price (up from $145.00) on shares of Wintrust Financial in a report on Tuesday, July 8th. Raymond James Financial restated a "strong-buy" rating and set a $157.00 target price (up from $155.00) on shares of Wintrust Financial in a report on Wednesday, July 23rd. Jefferies Financial Group increased their target price on Wintrust Financial from $150.00 to $165.00 and gave the company a "buy" rating in a report on Wednesday, September 3rd. Finally, Keefe, Bruyette & Woods increased their target price on Wintrust Financial from $130.00 to $138.00 and gave the company a "market perform" rating in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $147.31.

Wintrust Financial Company 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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