Jefferies Financial Group Inc. Buys Shares of 7,961 Wintrust Financial Corporation $WTFC

Jefferies Financial Group Inc. bought a new stake in Wintrust Financial Corporation (NASDAQ:WTFC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,961 shares of the bank’s stock, valued at approximately $987,000.

Other institutional investors have also recently bought and sold shares of the company. Maseco LLP acquired a new position in Wintrust Financial in the 2nd quarter worth about $25,000. Advisors Asset Management Inc. acquired a new stake in shares of Wintrust Financial during the first quarter valued at about $27,000. AlphaQuest LLC bought a new stake in shares of Wintrust Financial during the first quarter worth about $33,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Wintrust Financial by 52.9% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 289 shares of the bank’s stock valued at $36,000 after buying an additional 100 shares during the period. Finally, REAP Financial Group LLC increased its stake in shares of Wintrust Financial by 196.0% in the second quarter. REAP Financial Group LLC now owns 296 shares of the bank’s stock valued at $37,000 after buying an additional 196 shares during the period. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wintrust Financial Trading Down 1.3%

Shares of Wintrust Financial stock opened at $134.70 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01. Wintrust Financial Corporation has a 52 week low of $89.10 and a 52 week high of $141.69. The stock has a 50 day moving average price of $129.93 and a two-hundred day moving average price of $128.39. The stock has a market capitalization of $9.02 billion, a PE ratio of 12.38 and a beta of 0.91.

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

Wintrust Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, November 6th. Wintrust Financial’s dividend payout ratio (DPR) is 18.38%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on WTFC shares. Piper Sandler restated an “overweight” rating and issued a $161.00 price target (up from $160.00) on shares of Wintrust Financial in a research report on Wednesday, October 22nd. TD Cowen initiated coverage on shares of Wintrust Financial in a research note on Thursday, September 25th. They issued a “buy” rating and a $166.00 price objective on the stock. Truist Financial raised their target price on Wintrust Financial from $151.00 to $158.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. DA Davidson reaffirmed a “buy” rating and set a $158.00 target price on shares of Wintrust Financial in a report on Tuesday, October 21st. Finally, Barclays reissued an “overweight” rating and issued a $175.00 price target on shares of Wintrust Financial in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Wintrust Financial currently has an average rating of “Moderate Buy” and a consensus price target of $152.92.

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.