Public Employees Retirement System of Ohio decreased its position in Wintrust Financial Corp (NASDAQ:WTFC) by 25.2% during the 2nd quarter, Holdings Channel reports. The firm owned 41,621 shares of the bank’s stock after selling 13,988 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Wintrust Financial were worth $3,045,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System raised its holdings in shares of Wintrust Financial by 0.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 49,502 shares of the bank’s stock worth $3,333,000 after purchasing an additional 130 shares during the period. Creative Planning grew its position in shares of Wintrust Financial by 0.7% in the 2nd quarter. Creative Planning now owns 21,139 shares of the bank’s stock worth $1,547,000 after acquiring an additional 150 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of Wintrust Financial by 1.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 10,003 shares of the bank’s stock worth $731,000 after acquiring an additional 166 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in Wintrust Financial by 1.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 10,450 shares of the bank’s stock valued at $765,000 after purchasing an additional 170 shares during the period. Finally, Cetera Advisor Networks LLC boosted its position in Wintrust Financial by 4.5% during the 2nd quarter. Cetera Advisor Networks LLC now owns 4,614 shares of the bank’s stock valued at $337,000 after purchasing an additional 200 shares during the period. 88.16% of the stock is currently owned by institutional investors.
Several analysts have weighed in on the company. Wedbush cut their target price on Wintrust Financial from $84.00 to $78.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 16th. Piper Jaffray Companies set a $92.00 target price on Wintrust Financial and gave the stock a “buy” rating in a report on Monday, July 8th. ValuEngine upgraded Wintrust Financial from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 23rd. Zacks Investment Research downgraded Wintrust Financial from a “hold” rating to a “strong sell” rating in a report on Saturday, July 20th. Finally, BidaskClub downgraded Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $87.86.
Wintrust Financial stock traded down $0.18 during mid-day trading on Monday, hitting $66.46. 5,252 shares of the company’s stock were exchanged, compared to its average volume of 375,491. The firm has a market capitalization of $3.71 billion, a P/E ratio of 11.36, a PEG ratio of 0.79 and a beta of 1.09. Wintrust Financial Corp has a fifty-two week low of $59.34 and a fifty-two week high of $91.05. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.51. The company’s 50 day simple moving average is $64.95 and its 200-day simple moving average is $70.23.
Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, July 15th. The bank reported $1.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.65 by ($0.27). The firm had revenue of $364.36 million for the quarter, compared to the consensus estimate of $365.40 million. Wintrust Financial had a return on equity of 10.72% and a net margin of 20.60%. During the same quarter last year, the company posted $1.53 EPS. Research analysts expect that Wintrust Financial Corp will post 6.14 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date was Wednesday, August 7th. Wintrust Financial’s payout ratio is currently 17.06%.
In related news, Director Gary D. Sweeney acquired 747 shares of the business’s stock in a transaction on Friday, July 19th. The stock was purchased at an average cost of $66.92 per share, for a total transaction of $49,989.24. Following the completion of the transaction, the director now directly owns 4,392 shares of the company’s stock, valued at approximately $293,912.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.58% of the company’s stock.
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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