Westwood Holdings Group Inc. Has $27.92 Million Position in Wintrust Financial Corporation $WTFC

Westwood Holdings Group Inc. raised its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 12.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 225,183 shares of the bank’s stock after purchasing an additional 24,305 shares during the quarter. Westwood Holdings Group Inc. owned approximately 0.34% of Wintrust Financial worth $27,918,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WTFC. Maseco LLP acquired a new stake in shares of Wintrust Financial during the 2nd quarter worth about $25,000. Advisors Asset Management Inc. acquired a new position in Wintrust Financial in the 1st quarter valued at about $27,000. AlphaQuest LLC bought a new position in Wintrust Financial in the 1st quarter valued at about $33,000. MassMutual Private Wealth & Trust FSB lifted its position in Wintrust Financial by 52.9% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 289 shares of the bank’s stock worth $36,000 after acquiring an additional 100 shares during the last quarter. Finally, REAP Financial Group LLC boosted its holdings in shares of Wintrust Financial by 196.0% during the second quarter. REAP Financial Group LLC now owns 296 shares of the bank’s stock worth $37,000 after acquiring an additional 196 shares during the period. 93.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WTFC. Weiss Ratings reiterated a “buy (b-)” rating on shares of Wintrust Financial in a research note on Wednesday, October 8th. TD Cowen assumed coverage on Wintrust Financial in a research report on Thursday, September 25th. They set a “buy” rating and a $166.00 price objective on the stock. Barclays reissued an “overweight” rating and issued a $175.00 target price on shares of Wintrust Financial in a research report on Wednesday, October 8th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $157.00 price target (up from $155.00) on shares of Wintrust Financial in a research report on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Wintrust Financial from $130.00 to $138.00 and gave the company a “market perform” rating in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $152.92.

Wintrust Financial Trading Up 0.2%

Shares of Wintrust Financial stock opened at $128.30 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.68. Wintrust Financial Corporation has a 12-month low of $89.10 and a 12-month high of $142.04. The company has a market capitalization of $8.59 billion, a price-to-earnings ratio of 11.79 and a beta of 0.91. The firm’s 50-day moving average price is $130.86 and its two-hundred day moving average price is $127.54.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Thursday, November 6th. The bank reported $3.06 earnings per share (EPS) for the quarter. The business had revenue of $1.26 billion for the quarter. Wintrust Financial had a net margin of 18.85% and a return on equity of 13.05%. On average, analysts forecast that Wintrust Financial Corporation will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th will be given a $0.50 dividend. The ex-dividend date is Thursday, November 6th. This represents a $2.00 annualized dividend and a yield of 1.6%. Wintrust Financial’s dividend payout ratio (DPR) is currently 18.38%.

About Wintrust Financial

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.