Wintrust Financial Co. (NASDAQ:WTFC) Shares Purchased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD raised its stake in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 9.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,429 shares of the bank's stock after acquiring an additional 3,182 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.06% of Wintrust Financial worth $4,793,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of WTFC. Millstone Evans Group LLC acquired a new position in Wintrust Financial in the 4th quarter worth about $43,000. Global Retirement Partners LLC increased its position in shares of Wintrust Financial by 63.5% in the fourth quarter. Global Retirement Partners LLC now owns 376 shares of the bank's stock valued at $47,000 after buying an additional 146 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Wintrust Financial by 32.1% during the 4th quarter. Versant Capital Management Inc now owns 539 shares of the bank's stock valued at $67,000 after buying an additional 131 shares in the last quarter. UMB Bank n.a. grew its stake in Wintrust Financial by 32.2% in the 4th quarter. UMB Bank n.a. now owns 677 shares of the bank's stock valued at $84,000 after acquiring an additional 165 shares during the period. Finally, Jones Financial Companies Lllp increased its holdings in Wintrust Financial by 920.9% in 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. Hedge funds and other institutional investors own 93.48% of the company's stock.

Wintrust Financial Trading Up 2.9 %

WTFC opened at $115.84 on Monday. The stock has a market capitalization of $7.75 billion, a PE ratio of 11.24 and a beta of 0.81. Wintrust Financial Co. has a one year low of $89.10 and a one year high of $142.04. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01. The business's 50 day moving average price is $109.46 and its 200 day moving average price is $121.79.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The bank reported $2.69 earnings per share for the quarter, topping analysts' consensus estimates of $2.52 by $0.17. The business had revenue of $643.11 million during 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 period in the prior year, the business posted $2.89 EPS. As a group, equities research analysts expect that Wintrust Financial Co. will post 10.36 EPS for the current year.

Wintrust Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Thursday, May 8th. Wintrust Financial's dividend payout ratio is presently 19.78%.

Wall Street Analyst Weigh In

WTFC has been the topic of several recent analyst reports. Barclays increased their price objective on shares of Wintrust Financial from $138.00 to $145.00 and gave the company an "overweight" rating in a report on Wednesday, April 23rd. Stephens lowered their price objective on Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Royal Bank of Canada lowered their price target on Wintrust Financial from $152.00 to $135.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Hovde Group increased their price objective on Wintrust Financial from $107.00 to $115.00 and gave the company a "market perform" rating in a research note on Wednesday, April 23rd. Finally, DA Davidson lowered their target price on shares of Wintrust Financial from $140.00 to $135.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $133.54.

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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