Wells Fargo & Company MN lifted its holdings in shares of Wintrust Financial Corp (NASDAQ:WTFC) by 17.7% in the first quarter, Holdings Channel reports. The institutional investor owned 541,289 shares of the bank’s stock after purchasing an additional 81,476 shares during the quarter. Wells Fargo & Company MN’s holdings in Wintrust Financial were worth $36,445,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also made changes to their positions in WTFC. Advisor Group Inc. grew its position in Wintrust Financial by 9.8% in the 1st quarter. Advisor Group Inc. now owns 4,786 shares of the bank’s stock worth $322,000 after purchasing an additional 428 shares during the last quarter. BlackRock Inc. grew its position in Wintrust Financial by 1.6% in the 1st quarter. BlackRock Inc. now owns 5,698,685 shares of the bank’s stock worth $383,690,000 after purchasing an additional 91,339 shares during the last quarter. Monarch Partners Asset Management LLC grew its position in Wintrust Financial by 177.7% in the 1st quarter. Monarch Partners Asset Management LLC now owns 67,095 shares of the bank’s stock worth $4,518,000 after purchasing an additional 42,935 shares during the last quarter. Acadian Asset Management LLC grew its position in Wintrust Financial by 9,482.7% in the 1st quarter. Acadian Asset Management LLC now owns 41,493 shares of the bank’s stock worth $2,794,000 after purchasing an additional 41,060 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in Wintrust Financial by 5.1% in the 1st quarter. Parametric Portfolio Associates LLC now owns 106,193 shares of the bank’s stock worth $7,150,000 after purchasing an additional 5,148 shares during the last quarter. 88.98% of the stock is owned by institutional investors and hedge funds.
WTFC has been the subject of a number of research analyst reports. Wedbush upped their price target on shares of Wintrust Financial from $79.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. BidaskClub raised shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Zacks Investment Research raised shares of Wintrust Financial from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a research note on Wednesday, June 5th. Finally, Piper Jaffray Companies set a $93.00 price target on shares of Wintrust Financial and gave the stock a “buy” rating in a research note on Wednesday, April 17th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Wintrust Financial has an average rating of “Buy” and an average price target of $91.75.
Shares of NASDAQ:WTFC traded down $0.38 during trading on Friday, reaching $71.45. The company had a trading volume of 3,382 shares, compared to its average volume of 296,557. The firm has a market cap of $4.10 billion, a P/E ratio of 12.22, a P/E/G ratio of 0.81 and a beta of 1.03. Wintrust Financial Corp has a twelve month low of $61.53 and a twelve month high of $95.34. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.41.
Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Monday, April 15th. The bank reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). The company had revenue of $343.64 million during the quarter, compared to analyst estimates of $345.03 million. Wintrust Financial had a return on equity of 11.28% and a net margin of 21.95%. The company’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.40 earnings per share. Equities research analysts forecast that Wintrust Financial Corp will post 6.62 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Wednesday, May 8th. Wintrust Financial’s dividend payout ratio is currently 17.06%.
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Wintrust Financial Company Profile
Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. 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), Internet banking, and other services.
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