Quadrant Capital Group LLC increased its position in shares of Wintrust Financial Co. (NASDAQ:WTFC – Free Report) by 83.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,241 shares of the bank’s stock after purchasing an additional 1,020 shares during the quarter. Quadrant Capital Group LLC’s holdings in Wintrust Financial were worth $163,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the company. Belpointe Asset Management LLC lifted its stake in Wintrust Financial by 106.2% during the 1st quarter. Belpointe Asset Management LLC now owns 365 shares of the bank’s stock valued at $27,000 after acquiring an additional 188 shares during the period. CWM LLC lifted its position in Wintrust Financial by 192.7% during the first quarter. CWM LLC now owns 521 shares of the bank’s stock valued at $38,000 after purchasing an additional 343 shares during the period. Coppell Advisory Solutions Corp. purchased a new stake in Wintrust Financial in the fourth quarter valued at $44,000. Quarry LP grew its position in Wintrust Financial by 36.1% during the 1st quarter. Quarry LP now owns 663 shares of the bank’s stock worth $48,000 after purchasing an additional 176 shares during the period. Finally, Parkside Financial Bank & Trust raised its stake in shares of Wintrust Financial by 33.6% during the 1st quarter. Parkside Financial Bank & Trust now owns 768 shares of the bank’s stock valued at $56,000 after buying an additional 193 shares during the last quarter. Hedge funds and other institutional investors own 92.00% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on WTFC shares. Wedbush restated an “outperform” rating and issued a $90.00 target price on shares of Wintrust Financial in a research note on Wednesday, October 18th. StockNews.com assumed coverage on shares of Wintrust Financial in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Raymond James decreased their target price on shares of Wintrust Financial from $100.00 to $95.00 and set a “strong-buy” rating for the company in a research note on Thursday, October 19th. Royal Bank of Canada dropped their price target on shares of Wintrust Financial from $100.00 to $94.00 in a research report on Tuesday, October 10th. Finally, Jefferies Financial Group decreased their price objective on shares of Wintrust Financial from $98.00 to $85.00 in a research report on Tuesday, October 10th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $92.73.
Wintrust Financial Price Performance
NASDAQ:WTFC opened at $85.91 on Tuesday. The stock has a 50 day moving average of $76.78 and a two-hundred day moving average of $74.97. Wintrust Financial Co. has a 12 month low of $57.48 and a 12 month high of $95.97. The firm has a market cap of $5.26 billion, a P/E ratio of 8.64 and a beta of 1.20. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.80.
Wintrust Financial (NASDAQ:WTFC – Get Free Report) last issued its quarterly earnings results on Wednesday, October 18th. The bank reported $2.53 EPS for the quarter, topping the consensus estimate of $2.41 by $0.12. The firm had revenue of $574.84 million during the quarter, compared to analysts’ expectations of $570.01 million. Wintrust Financial had a return on equity of 14.14% and a net margin of 20.73%. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.21 earnings per share. On average, analysts expect that Wintrust Financial Co. will post 10.19 earnings per share for the current fiscal year.
Wintrust Financial Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Thursday, November 9th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Wednesday, November 8th. Wintrust Financial’s dividend payout ratio is currently 16.10%.
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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