EFG International AG Purchases Shares of 36,764 Wintrust Financial Corporation $WTFC

EFG International AG acquired a new stake in Wintrust Financial Corporation (NASDAQ:WTFC) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 36,764 shares of the bank’s stock, valued at approximately $5,907,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Canada Pension Plan Investment Board acquired a new stake in Wintrust Financial in the second quarter valued at approximately $5,545,000. Nicholas Investment Partners LP acquired a new position in Wintrust Financial during the 2nd quarter worth approximately $20,946,000. Legal & General Group Plc purchased a new stake in shares of Wintrust Financial in the 2nd quarter valued at approximately $13,812,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Wintrust Financial in the 2nd quarter valued at approximately $7,517,000. Finally, Fiduciary Financial Advisors acquired a new stake in shares of Wintrust Financial in the 2nd quarter valued at $103,000. 93.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WTFC has been the subject of several recent analyst reports. Truist Financial lifted their price objective on shares of Wintrust Financial from $170.00 to $183.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. UBS Group restated a “neutral” rating and issued a $170.00 price target on shares of Wintrust Financial in a research note on Tuesday, July 7th. TD Cowen cut their price target on Wintrust Financial from $184.00 to $183.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wintrust Financial in a report on Monday, June 29th. Finally, Capital One Financial set a $170.00 price objective on Wintrust Financial in a research report on Tuesday, July 21st. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $177.77.

Wintrust Financial Stock Down 0.6%

Shares of NASDAQ:WTFC opened at $151.09 on Wednesday. The company has a market capitalization of $10.19 billion, a PE ratio of 12.14 and a beta of 0.85. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.62. Wintrust Financial Corporation has a twelve month low of $119.61 and a twelve month high of $167.21. The firm has a 50 day simple moving average of $159.57 and a 200-day simple moving average of $151.26.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Monday, July 20th. The bank reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.15. The firm had revenue of $738.63 million for the quarter, compared to the consensus estimate of $735.36 million. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. The company’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the firm posted $2.78 EPS. On average, equities analysts predict that Wintrust Financial Corporation will post 13.04 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.5%. The ex-dividend date was Thursday, August 6th. Wintrust Financial’s dividend payout ratio is currently 17.67%.

Insider Transactions at Wintrust Financial

In other Wintrust Financial news, COO David A. Dykstra sold 13,515 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $162.77, for a total transaction of $2,199,836.55. Following the transaction, the chief operating officer owned 166,449 shares of the company’s stock, valued at approximately $27,092,903.73. This trade represents a 7.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.24% of the stock is owned by corporate insiders.

About Wintrust Financial

Wintrust Financial Corporation is a Chicago?area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid?size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.