19,023 Shares in Wintrust Financial Corporation $WTFC Acquired by Empowered Funds LLC

Empowered Funds LLC bought a new position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) during the second quarter, HoldingsChannel.com reports. The firm bought 19,023 shares of the bank’s stock, valued at approximately $3,057,000.

A number of other large investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Wintrust Financial during the second quarter worth $27,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Wintrust Financial during the second quarter worth approximately $36,000. Elyxium Wealth LLC purchased a new stake in Wintrust Financial during the fourth quarter valued at approximately $31,000. Creative Financial Designs Inc. ADV lifted its stake in shares of Wintrust Financial by 231.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock valued at $32,000 after purchasing an additional 160 shares during the last quarter. Finally, Advisors Asset Management Inc. bought a new stake in shares of Wintrust Financial in the 1st quarter valued at approximately $27,000. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Barclays boosted their target price on Wintrust Financial from $190.00 to $192.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Capital One Financial set a $170.00 price target on Wintrust Financial in a research report on Tuesday, July 21st. Brean Capital lowered shares of Wintrust Financial from a “buy” rating to a “neutral” rating and set a $170.00 price objective for the company. in a research note on Tuesday, July 21st. UBS Group reiterated a “neutral” rating and set a $170.00 price objective on shares of Wintrust Financial in a research report on Tuesday, July 7th. Finally, Truist Financial increased their target price on shares of Wintrust Financial from $170.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $177.77.

Insider Activity at Wintrust Financial

In other news, COO David A. Dykstra sold 13,515 shares of the firm’s stock in a transaction that occurred 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 directly owned 166,449 shares of the company’s stock, valued at approximately $27,092,903.73. This trade represents a 7.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.24% of the company’s stock.

Wintrust Financial Stock Down 1.1%

NASDAQ:WTFC opened at $148.74 on Wednesday. The company has a market cap of $10.04 billion, a price-to-earnings ratio of 11.95 and a beta of 0.84. Wintrust Financial Corporation has a twelve month low of $119.61 and a twelve month high of $167.21. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.62. The stock has a fifty day simple moving average of $159.23 and a 200-day simple moving average of $151.04.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Monday, July 20th. The bank reported $3.30 EPS for the quarter, topping the consensus estimate of $3.15 by $0.15. The company had revenue of $738.63 million for the quarter, compared to the consensus estimate of $735.36 million. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. The firm’s revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.78 EPS. Analysts anticipate that Wintrust Financial Corporation will post 13.04 EPS for the current year.

Wintrust Financial Announces Dividend

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

Wintrust Financial 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.