OneDigital Investment Advisors LLC Acquires New Position in Wintrust Financial Corporation $WTFC

OneDigital Investment Advisors LLC acquired a new position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,643 shares of the bank’s stock, valued at approximately $746,000.

A number of other hedge funds also recently added to or reduced their stakes in WTFC. First Trust Advisors LP boosted its stake in shares of Wintrust Financial by 26.6% during the 1st quarter. First Trust Advisors LP now owns 1,830,268 shares of the bank’s stock worth $254,297,000 after acquiring an additional 385,069 shares in the last quarter. Geode Capital Management LLC boosted its position in Wintrust Financial by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,273,042 shares of the bank’s stock worth $178,038,000 after purchasing an additional 16,997 shares in the last quarter. Bank of America Corp DE boosted its position in Wintrust Financial by 1.4% during the third quarter. Bank of America Corp DE now owns 1,071,763 shares of the bank’s stock worth $141,944,000 after purchasing an additional 15,044 shares in the last quarter. Wellington Management Group LLP grew its holdings in Wintrust Financial by 22.2% in the fourth quarter. Wellington Management Group LLP now owns 832,352 shares of the bank’s stock valued at $116,379,000 after purchasing an additional 151,385 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Wintrust Financial in the fourth quarter valued at $111,924,000. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wintrust Financial Stock Performance

Wintrust Financial stock opened at $158.86 on Wednesday. The company has a market cap of $10.72 billion, a P/E ratio of 12.76 and a beta of 0.85. Wintrust Financial Corporation has a fifty-two week low of $119.61 and a fifty-two week high of $167.21. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97. The firm’s 50 day simple moving average is $160.01 and its 200-day simple moving average is $151.24.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, July 20th. The bank reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.15. The firm had revenue of $738.63 million during the quarter, compared to analyst estimates of $735.36 million. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the company posted $2.78 EPS. As a group, equities research analysts predict that Wintrust Financial Corporation will post 13.04 EPS for the current year.

Wintrust Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be paid a $0.55 dividend. The ex-dividend date is Thursday, August 6th. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. Wintrust Financial’s payout ratio is 17.67%.

Insider Activity at Wintrust Financial

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on WTFC shares. Raymond James Financial assumed coverage on shares of Wintrust Financial in a research note on Tuesday, July 7th. They set an “outperform” rating and a $180.00 price objective for the company. DA Davidson lifted their price objective on shares of Wintrust Financial from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Citigroup cut shares of Wintrust Financial from a “buy” rating to a “hold” rating in a report on Tuesday, July 21st. Royal Bank Of Canada lifted their price target on shares of Wintrust Financial from $175.00 to $185.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Finally, Piper Sandler set a $186.00 target price on shares of Wintrust Financial in a research report on Wednesday, July 22nd. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Wintrust Financial has a consensus rating of “Moderate Buy” and an average target price of $177.77.

Wintrust Financial Company Profile

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.