Atria Investments Inc Raises Stock Position in Wintrust Financial Corporation $WTFC

Atria Investments Inc increased its stake in Wintrust Financial Corporation (NASDAQ:WTFC) by 30.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 11,800 shares of the bank’s stock after acquiring an additional 2,751 shares during the quarter. Atria Investments Inc’s holdings in Wintrust Financial were worth $1,463,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WTFC. Cambridge Investment Research Advisors Inc. increased its holdings 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 worth $273,000 after acquiring an additional 165 shares in the last quarter. OneDigital Investment Advisors LLC increased its holdings in Wintrust Financial by 9.7% in the 1st quarter. OneDigital Investment Advisors LLC now owns 5,629 shares of the bank’s stock worth $633,000 after acquiring an additional 499 shares in the last quarter. World Investment Advisors increased its holdings in Wintrust Financial by 24.3% in the 1st quarter. World Investment Advisors now owns 4,086 shares of the bank’s stock worth $460,000 after acquiring an additional 799 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in 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 in the last quarter. Finally, Crossmark Global Holdings Inc. increased its holdings in Wintrust Financial by 2.6% in the 1st quarter. Crossmark Global Holdings Inc. now owns 5,823 shares of the bank’s stock worth $655,000 after acquiring an additional 147 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wintrust Financial Stock Up 1.6%

NASDAQ WTFC opened at $129.77 on Thursday. Wintrust Financial Corporation has a 52 week low of $89.10 and a 52 week high of $142.04. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.68. The business’s fifty day simple moving average is $132.00 and its 200-day simple moving average is $126.52. The firm has a market cap of $8.69 billion, a PE ratio of 11.93 and a beta of 0.83.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Monday, October 20th. The bank reported $3.06 EPS for the quarter, topping the consensus estimate of $2.63 by $0.43. Wintrust Financial had a return on equity of 13.05% and a net margin of 18.85%.The business had revenue of $697.84 million for the quarter, compared to analyst estimates of $689.10 million. During the same quarter in the previous year, the firm earned $2.47 EPS. As a group, equities analysts anticipate that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Thursday, November 6th. Wintrust Financial’s payout ratio is currently 18.38%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on WTFC shares. Jefferies Financial Group lowered their target price on shares of Wintrust Financial from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Tuesday, October 21st. DA Davidson reaffirmed a “buy” rating and set a $158.00 target price on shares of Wintrust Financial in a research note on Tuesday, October 21st. Wall Street Zen raised shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. Keefe, Bruyette & Woods lifted their target price on shares of Wintrust Financial from $130.00 to $138.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 23rd. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $161.00 target price (up previously from $160.00) on shares of Wintrust Financial in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Wintrust Financial currently has an average rating of “Moderate Buy” and a consensus price target of $152.92.

Wintrust Financial 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.