Lighthouse Investment Partners LLC Takes $1 Million Position in Wintrust Financial Co. (NASDAQ:WTFC)

Lighthouse Investment Partners LLC purchased a new position in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,037 shares of the bank's stock, valued at approximately $1,002,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp grew its holdings in shares of Wintrust Financial by 4,145.2% during the fourth quarter. Fifth Third Bancorp now owns 13,330 shares of the bank's stock worth $1,662,000 after purchasing an additional 13,016 shares during the last quarter. KBC Group NV boosted its holdings in Wintrust Financial by 1,412.8% in the fourth quarter. KBC Group NV now owns 30,393 shares of the bank's stock valued at $3,790,000 after acquiring an additional 28,384 shares during the last quarter. Entropy Technologies LP bought a new stake in Wintrust Financial in the fourth quarter valued at approximately $499,000. Atria Investments Inc boosted its holdings in Wintrust Financial by 34.5% in the fourth quarter. Atria Investments Inc now owns 10,926 shares of the bank's stock valued at $1,363,000 after acquiring an additional 2,804 shares during the last quarter. Finally, Merit Financial Group LLC bought a new stake in Wintrust Financial in the fourth quarter valued at approximately $263,000. 93.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Truist Financial cut their price target on Wintrust Financial from $150.00 to $137.00 and set a "buy" rating on the stock in a report on Friday, April 25th. DA Davidson cut their price target on Wintrust Financial from $140.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Stephens cut their price target on Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Hovde Group upped their target price on Wintrust Financial from $107.00 to $115.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 23rd. Finally, Piper Sandler reaffirmed an "above average" rating on shares of Wintrust Financial in a research report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $133.54.

Wintrust Financial Stock Up 0.1%

NASDAQ WTFC traded up $0.17 on Tuesday, reaching $122.22. The company had a trading volume of 58,611 shares, compared to its average volume of 423,220. The stock has a market capitalization of $8.18 billion, a P/E ratio of 11.85 and a beta of 0.81. The company's fifty day moving average is $110.14 and its 200 day moving average is $122.11. Wintrust Financial Co. has a 52-week low of $89.10 and a 52-week high of $142.04. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.71.

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

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Thursday, May 8th. Wintrust Financial's payout ratio is currently 19.78%.

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.