South Dakota Investment Council boosted its holdings in Wintrust Financial Corp (NASDAQ:WTFC) by 18.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,800 shares of the bank’s stock after buying an additional 4,800 shares during the quarter. South Dakota Investment Council owned 0.05% of Wintrust Financial worth $2,253,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Commonwealth Bank of Australia grew its stake in shares of Wintrust Financial by 51.7% in the second quarter. Commonwealth Bank of Australia now owns 4,400 shares of the bank’s stock worth $321,000 after acquiring an additional 1,500 shares during the period. Pacer Advisors Inc. purchased a new stake in Wintrust Financial in the second quarter worth approximately $1,645,000. Cetera Advisor Networks LLC grew its position in Wintrust Financial by 4.5% in the 2nd quarter. Cetera Advisor Networks LLC now owns 4,614 shares of the bank’s stock worth $337,000 after purchasing an additional 200 shares during the period. Bank of New York Mellon Corp grew its position in Wintrust Financial by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 631,848 shares of the bank’s stock worth $46,226,000 after purchasing an additional 5,876 shares during the period. Finally, M&T Bank Corp purchased a new stake in Wintrust Financial during the 2nd quarter valued at $830,000. Institutional investors and hedge funds own 88.73% of the company’s stock.
In related news, Director Gary D. Sweeney acquired 747 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The stock was bought at an average cost of $66.92 per share, for a total transaction of $49,989.24. Following the purchase, the director now owns 4,392 shares in the company, valued at approximately $293,912.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.58% of the stock is owned by insiders.
Several equities analysts have recently weighed in on WTFC shares. Wedbush lowered their price target on Wintrust Financial from $84.00 to $78.00 and set an “outperform” rating on the stock in a report on Tuesday, July 16th. Raymond James cut Wintrust Financial from a “strong-buy” rating to an “outperform” rating in a research report on Thursday, August 29th. ValuEngine raised Wintrust Financial from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 23rd. Piper Jaffray Companies set a $92.00 target price on Wintrust Financial and gave the stock a “buy” rating in a research report on Monday, July 8th. Finally, Zacks Investment Research downgraded Wintrust Financial from a “hold” rating to a “strong sell” rating in a research note on Saturday, July 20th. Three research analysts have rated the stock with a sell rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $87.86.
Shares of NASDAQ:WTFC traded down $0.21 during midday trading on Wednesday, hitting $65.79. The company had a trading volume of 9,993 shares, compared to its average volume of 403,477. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.00 and a quick ratio of 0.99. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 11.22, a PEG ratio of 0.78 and a beta of 1.09. Wintrust Financial Corp has a 12-month low of $59.34 and a 12-month high of $91.05. The company has a fifty day moving average of $65.05 and a two-hundred day moving average of $70.31.
Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, July 15th. The bank reported $1.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.27). The company had revenue of $364.36 million for the quarter, compared to analysts’ expectations of $365.40 million. Wintrust Financial had a net margin of 20.60% and a return on equity of 10.72%. During the same quarter last year, the firm posted $1.53 earnings per share. Research analysts expect that Wintrust Financial Corp will post 6.14 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, August 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.52%. Wintrust Financial’s payout ratio is currently 17.06%.
Wintrust Financial Profile
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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