10,035 Shares in Wintrust Financial Corporation $WTFC Purchased by Aurora Investment Counsel

Aurora Investment Counsel bought a new position in Wintrust Financial Corporation (NASDAQ:WTFC) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 10,035 shares of the bank’s stock, valued at approximately $1,244,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its holdings in shares of Wintrust Financial by 43.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 349,983 shares of the bank’s stock worth $39,359,000 after acquiring an additional 105,754 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Wintrust Financial by 7.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,426 shares of the bank’s stock valued at $273,000 after buying an additional 165 shares during the last quarter. Capstone Financial Advisors Inc. purchased a new stake in Wintrust Financial in the 1st quarter valued at about $297,000. Cetera Investment Advisers increased its stake in Wintrust Financial by 24.5% in the 1st quarter. Cetera Investment Advisers now owns 19,663 shares of the bank’s stock valued at $2,211,000 after buying an additional 3,873 shares during the last quarter. Finally, LPL Financial LLC increased its stake in Wintrust Financial by 151.7% in the 1st quarter. LPL Financial LLC now owns 40,220 shares of the bank’s stock valued at $4,523,000 after buying an additional 24,240 shares during the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wintrust Financial Stock Up 3.1%

WTFC opened at $126.55 on Tuesday. The company has a 50 day moving average of $132.49 and a 200 day moving average of $124.13. The company has a market cap of $8.47 billion, a PE ratio of 11.97 and a beta of 0.83. Wintrust Financial Corporation has a 12 month low of $89.10 and a 12 month high of $142.04. 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 released its quarterly earnings data on Monday, October 20th. The bank reported $3.06 EPS for the quarter, topping the consensus estimate of $2.63 by $0.43. The company had revenue of $697.84 million during the quarter, compared to the consensus estimate of $689.10 million. Wintrust Financial had a net margin of 18.06% and a return on equity of 12.08%. During the same period last year, the firm earned $2.47 EPS. On average, sell-side analysts expect that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Wintrust Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $2.00 annualized dividend and a yield of 1.6%. Wintrust Financial’s dividend payout ratio (DPR) is 18.92%.

Analyst Ratings Changes

Several equities research analysts have commented on WTFC shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Wintrust Financial in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods increased their price objective on shares of Wintrust Financial from $130.00 to $138.00 and gave the company a “market perform” rating in a research note on Wednesday, July 23rd. Jefferies Financial Group increased their price objective on shares of Wintrust Financial from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Cowen initiated coverage on shares of Wintrust Financial in a research note on Wednesday, September 24th. They set a “buy” rating for the company. Finally, Piper Sandler restated an “overweight” rating and set a $160.00 price target (up previously from $141.00) on shares of Wintrust Financial in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.57.

Insider Activity at Wintrust Financial

In other news, insider Edward J. Wehmer purchased 3,919 shares of the business’s stock in a transaction on Friday, July 25th. The stock was purchased at an average cost of $26.35 per share, with a total value of $103,265.65. Following the acquisition, the insider directly owned 3,919 shares in the company, valued at approximately $103,265.65. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO David A. Dykstra sold 14,942 shares of the firm’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $131.53, for a total transaction of $1,965,321.26. Following the completion of the transaction, the chief operating officer directly owned 182,208 shares of the company’s stock, valued at approximately $23,965,818.24. The trade was a 7.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.01% of the stock is currently owned by company insiders.

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.