Public Employees Retirement System of Ohio Acquires New Stake in Wintrust Financial Corporation $WTFC

Public Employees Retirement System of Ohio bought a new position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 60,162 shares of the bank’s stock, valued at approximately $9,669,000.

Other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC boosted its position in shares of Wintrust Financial by 7.7% during the 1st quarter. Parallel Advisors LLC now owns 976 shares of the bank’s stock valued at $136,000 after acquiring an additional 70 shares during the last quarter. MeadowBrook Investment Advisors LLC increased its stake in Wintrust Financial by 3.0% in the first quarter. MeadowBrook Investment Advisors LLC now owns 2,545 shares of the bank’s stock valued at $354,000 after acquiring an additional 75 shares during the last quarter. Quadrant Capital Group LLC raised its position in Wintrust Financial by 0.9% during the fourth quarter. Quadrant Capital Group LLC now owns 8,914 shares of the bank’s stock valued at $1,246,000 after purchasing an additional 83 shares in the last quarter. Cresset Asset Management LLC raised its position in Wintrust Financial by 2.4% during the third quarter. Cresset Asset Management LLC now owns 3,730 shares of the bank’s stock valued at $494,000 after purchasing an additional 88 shares in the last quarter. Finally, Compound Planning Inc. lifted its stake in Wintrust Financial by 5.3% during the first quarter. Compound Planning Inc. now owns 1,868 shares of the bank’s stock worth $260,000 after purchasing an additional 94 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on WTFC shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Wintrust Financial in a research report on Monday, June 29th. TD Cowen reduced their target price on shares of Wintrust Financial from $184.00 to $183.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Capital One Financial set a $170.00 target price on shares of Wintrust Financial in a research report on Tuesday, July 21st. Piper Sandler set a $186.00 price target on shares of Wintrust Financial in a research note on Wednesday, July 22nd. Finally, UBS Group restated a “neutral” rating and set a $170.00 price target on shares of Wintrust Financial in a research report on Tuesday, July 7th. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Wintrust Financial has an average rating of “Moderate Buy” and a consensus price target of $177.77.

Wintrust Financial Stock Down 1.7%

NASDAQ WTFC opened at $150.36 on Tuesday. The stock has a market capitalization of $10.14 billion, a PE ratio of 12.08 and a beta of 0.85. Wintrust Financial Corporation has a 1 year low of $119.61 and a 1 year high of $167.21. The business’s 50-day moving average is $159.40 and its 200 day moving average is $151.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Monday, July 20th. The bank reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.15. The company had revenue of $738.63 million during the quarter, compared to the consensus estimate of $735.36 million. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.78 earnings per share. Sell-side analysts forecast that Wintrust Financial Corporation will post 13.04 earnings per share for the current year.

Wintrust Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were issued a dividend of $0.55 per share. The ex-dividend date was Thursday, August 6th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. Wintrust Financial’s dividend payout ratio is 17.67%.

Insiders Place Their Bets

In related news, COO David A. Dykstra sold 13,515 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $162.77, for a total value of $2,199,836.55. Following the sale, the chief operating officer directly owned 166,449 shares of the company’s stock, valued at $27,092,903.73. This represents a 7.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.24% of the stock is currently owned by insiders.

About Wintrust Financial

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.