PFG Advisors Makes New Investment in Wintrust Financial Corporation $WTFC

PFG Advisors acquired a new stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,940 shares of the bank’s stock, valued at approximately $241,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Capstone Financial Advisors Inc. purchased a new stake in Wintrust Financial during the 1st quarter worth approximately $297,000. Cetera Investment Advisers boosted its stake in shares of Wintrust Financial by 24.5% in the first quarter. Cetera Investment Advisers now owns 19,663 shares of the bank’s stock worth $2,211,000 after acquiring an additional 3,873 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Wintrust Financial by 151.7% in the first quarter. LPL Financial LLC now owns 40,220 shares of the bank’s stock worth $4,523,000 after acquiring an additional 24,240 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of Wintrust Financial by 16.0% during the first quarter. Raymond James Financial Inc. now owns 377,405 shares of the bank’s stock worth $42,443,000 after purchasing an additional 52,154 shares in the last quarter. Finally, REAP Financial Group LLC raised its stake in Wintrust Financial by 196.0% in the 2nd quarter. REAP Financial Group LLC now owns 296 shares of the bank’s stock valued at $37,000 after purchasing an additional 196 shares during the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on WTFC. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Wintrust Financial in a report on Wednesday, October 8th. DA Davidson reaffirmed a “buy” rating and set a $158.00 price objective on shares of Wintrust Financial in a research note on Tuesday, October 21st. Cowen reiterated a “buy” rating on shares of Wintrust Financial in a report on Wednesday, October 22nd. Raymond James Financial restated a “strong-buy” rating and set a $157.00 target price (up from $155.00) on shares of Wintrust Financial in a report on Wednesday, July 23rd. Finally, Truist Financial increased their price target on Wintrust Financial from $151.00 to $158.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. One investment 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $152.92.

Wintrust Financial Stock Performance

NASDAQ:WTFC opened at $130.50 on Thursday. The company’s 50-day moving average is $131.32 and its two-hundred day moving average is $127.32. Wintrust Financial Corporation has a 1-year low of $89.10 and a 1-year high of $142.04. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $8.74 billion, a price-to-earnings ratio of 11.99 and a beta of 0.91.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Thursday, November 6th. The bank reported $3.06 earnings per share (EPS) for the quarter. The business 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%. Analysts forecast that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Wintrust Financial Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $2.00 annualized dividend and a yield of 1.5%. Wintrust Financial’s dividend payout ratio (DPR) is 18.38%.

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.