Susquehanna Fundamental Investments LLC acquired a new position in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 8,121 shares of the bank's stock, valued at approximately $1,013,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of Wintrust Financial by 3.5% in the third quarter. Barclays PLC now owns 81,737 shares of the bank's stock valued at $8,870,000 after buying an additional 2,748 shares in the last quarter. World Investment Advisors LLC increased its stake in Wintrust Financial by 16.8% during the third quarter. World Investment Advisors LLC now owns 2,479 shares of the bank's stock worth $269,000 after purchasing an additional 356 shares during the period. Tidal Investments LLC lifted its position in shares of Wintrust Financial by 2.0% during the third quarter. Tidal Investments LLC now owns 8,656 shares of the bank's stock worth $939,000 after purchasing an additional 172 shares in the last quarter. Retirement Systems of Alabama boosted its stake in shares of Wintrust Financial by 6.0% in the third quarter. Retirement Systems of Alabama now owns 80,782 shares of the bank's stock valued at $8,767,000 after purchasing an additional 4,562 shares during the period. Finally, Lord Abbett & CO. LLC grew its holdings in shares of Wintrust Financial by 6.2% in the third quarter. Lord Abbett & CO. LLC now owns 286,341 shares of the bank's stock valued at $31,076,000 after purchasing an additional 16,668 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have commented on WTFC. Royal Bank of Canada decreased their price target on shares of Wintrust Financial from $152.00 to $135.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. DA Davidson lowered 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. Truist Financial reduced their price target on Wintrust Financial from $150.00 to $137.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Barclays boosted their price objective on Wintrust Financial from $138.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 23rd. Finally, Stephens reduced their target price on shares of Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating on the stock in a 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 assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $133.54.
Get Our Latest Stock Analysis on WTFC
Wintrust Financial Stock Up 2.9 %
Shares of NASDAQ WTFC traded up $3.21 during mid-day trading on Friday, reaching $115.84. The company had a trading volume of 255,162 shares, compared to its average volume of 422,458. The firm has a 50 day simple moving average of $109.46 and a two-hundred day simple moving average of $121.79. Wintrust Financial Co. has a 52-week low of $89.10 and a 52-week high of $142.04. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The stock has a market cap of $7.75 billion, a P/E ratio of 11.24 and a beta of 0.94.
Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its earnings results on Monday, April 21st. The bank reported $2.69 EPS for the quarter, topping analysts' consensus estimates of $2.52 by $0.17. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. The business had revenue of $643.11 million for the quarter, compared to analysts' expectations of $643.11 million. During the same quarter in the previous year, the firm earned $2.89 earnings per share. Sell-side analysts predict that Wintrust Financial Co. will post 10.36 earnings per share for the current year.
Wintrust Financial Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.73%. Wintrust Financial's dividend payout ratio (DPR) is presently 19.78%.
About Wintrust Financial
(
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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