Wintrust Financial Corporation $WTFC Shares Purchased by Inspire Advisors LLC

Inspire Advisors LLC boosted its holdings in Wintrust Financial Corporation (NASDAQ:WTFC) by 10.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,316 shares of the bank’s stock after acquiring an additional 589 shares during the period. Inspire Advisors LLC’s holdings in Wintrust Financial were worth $783,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Capstone Financial Advisors Inc. acquired a new stake in shares of Wintrust Financial during the 1st quarter worth approximately $297,000. Cetera Investment Advisers boosted its position in Wintrust Financial by 24.5% during the 1st quarter. Cetera Investment Advisers now owns 19,663 shares of the bank’s stock valued at $2,211,000 after purchasing an additional 3,873 shares during the period. LPL Financial LLC grew its stake in Wintrust Financial by 151.7% during the 1st quarter. LPL Financial LLC now owns 40,220 shares of the bank’s stock worth $4,523,000 after buying an additional 24,240 shares during the last quarter. Raymond James Financial Inc. increased its position in Wintrust Financial by 16.0% in the first quarter. Raymond James Financial Inc. now owns 377,405 shares of the bank’s stock worth $42,443,000 after buying an additional 52,154 shares during the period. Finally, REAP Financial Group LLC increased its position in Wintrust Financial by 196.0% in the second quarter. REAP Financial Group LLC now owns 296 shares of the bank’s stock worth $37,000 after buying an additional 196 shares during the period. 93.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on WTFC shares. Keefe, Bruyette & Woods boosted their price target 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. Piper Sandler reiterated an “overweight” rating and issued a $161.00 price objective (up from $160.00) on shares of Wintrust Financial in a research report on Wednesday, October 22nd. Cowen reissued a “buy” rating on shares of Wintrust Financial in a research note on Wednesday, October 22nd. Royal Bank Of Canada upped their target price on shares of Wintrust Financial from $137.00 to $158.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Finally, Barclays reaffirmed an “overweight” rating and set a $175.00 price target on shares of Wintrust Financial in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $152.92.

Wintrust Financial Stock Up 1.4%

Wintrust Financial stock opened at $125.21 on Wednesday. Wintrust Financial Corporation has a 52 week low of $89.10 and a 52 week high of $142.04. The stock has a market cap of $8.39 billion, a price-to-earnings ratio of 11.51 and a beta of 0.91. The company’s 50-day moving average price is $130.31 and its two-hundred day moving average price is $127.80. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68.

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

Wintrust Financial Dividend Announcement

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

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.