Blair William & Co. IL lowered its stake in shares of Wintrust Financial Corp (NASDAQ:WTFC) by 6.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,928 shares of the bank’s stock after selling 1,123 shares during the quarter. Blair William & Co. IL’s holdings in Wintrust Financial were worth $1,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also modified their holdings of WTFC. First Hawaiian Bank acquired a new stake in Wintrust Financial in the third quarter worth about $101,000. Moneta Group Investment Advisors LLC boosted its holdings in Wintrust Financial by 99.4% in the second quarter. Moneta Group Investment Advisors LLC now owns 1,705 shares of the bank’s stock worth $148,000 after acquiring an additional 850 shares in the last quarter. Cornerstone Wealth Management LLC acquired a new stake in Wintrust Financial in the second quarter worth about $171,000. Commonwealth Bank of Australia acquired a new stake in Wintrust Financial in the third quarter worth about $246,000. Finally, Paulson Wealth Management Inc. acquired a new stake in Wintrust Financial in the third quarter worth about $259,000. 88.04% of the stock is owned by institutional investors and hedge funds.
Wintrust Financial stock opened at $71.85 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.99 and a quick ratio of 0.98. Wintrust Financial Corp has a 52 week low of $70.97 and a 52 week high of $99.96. The stock has a market cap of $4.13 billion, a P/E ratio of 16.33, a PEG ratio of 0.89 and a beta of 0.86.
Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Wednesday, October 17th. The bank reported $1.57 EPS for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.03. Wintrust Financial had a return on equity of 11.27% and a net margin of 22.70%. The firm had revenue of $347.49 million during the quarter, compared to the consensus estimate of $342.18 million. During the same quarter in the previous year, the company posted $1.12 earnings per share. The company’s revenue was up 17.5% compared to the same quarter last year. On average, equities analysts anticipate that Wintrust Financial Corp will post 6.06 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 23rd. Investors of record on Thursday, November 8th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Wednesday, November 7th. Wintrust Financial’s dividend payout ratio (DPR) is 17.27%.
WTFC has been the subject of several recent analyst reports. BidaskClub downgraded Wintrust Financial from a “sell” rating to a “strong sell” rating in a report on Friday, August 31st. Zacks Investment Research raised Wintrust Financial from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a report on Saturday, December 1st. ValuEngine downgraded Wintrust Financial from a “hold” rating to a “sell” rating in a report on Friday, October 19th. FIG Partners raised Wintrust Financial from a “market perform” rating to an “outperform” rating and set a $99.00 price target for the company in a report on Tuesday, October 2nd. Finally, DA Davidson raised Wintrust Financial from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $98.00 to $95.00 in a report on Friday, October 19th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $95.00.
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About Wintrust Financial
Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. 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), Internet banking, and other services.
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