Wintrust Financial Corporation $WTFC Stock Position Decreased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its stake in Wintrust Financial Corporation (NASDAQ:WTFC) by 8.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 58,499 shares of the bank’s stock after selling 5,189 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.09% of Wintrust Financial worth $8,128,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Choreo LLC increased its stake in Wintrust Financial by 3.4% in the 4th quarter. Choreo LLC now owns 2,121 shares of the bank’s stock worth $299,000 after purchasing an additional 69 shares in the last quarter. Parallel Advisors LLC lifted its stake in Wintrust Financial by 7.7% during the first quarter. Parallel Advisors LLC now owns 976 shares of the bank’s stock valued at $136,000 after buying an additional 70 shares in the last quarter. MeadowBrook Investment Advisors LLC lifted its stake in Wintrust Financial by 3.0% during the first quarter. MeadowBrook Investment Advisors LLC now owns 2,545 shares of the bank’s stock valued at $354,000 after buying an additional 75 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Wintrust Financial by 0.9% in the fourth quarter. Quadrant Capital Group LLC now owns 8,914 shares of the bank’s stock worth $1,246,000 after buying an additional 83 shares during the period. Finally, Cresset Asset Management LLC boosted its holdings in shares of Wintrust Financial by 2.4% in the third quarter. Cresset Asset Management LLC now owns 3,730 shares of the bank’s stock worth $494,000 after buying an additional 88 shares during the period. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wintrust Financial Stock Performance

WTFC stock opened at $158.88 on Tuesday. The firm has a 50 day simple moving average of $156.68 and a 200 day simple moving average of $149.61. Wintrust Financial Corporation has a 52 week low of $119.61 and a 52 week high of $167.21. The stock has a market cap of $10.72 billion, a P/E ratio of 12.76 and a beta of 0.84. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.97 and a current ratio of 0.98.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Monday, July 20th. The bank reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.15. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. The firm had revenue of $738.63 million for the quarter, compared to analyst estimates of $735.36 million. During the same quarter in the prior year, the business earned $2.78 EPS. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. Research analysts anticipate that Wintrust Financial Corporation will post 13.04 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, August 6th. Wintrust Financial’s payout ratio is currently 17.67%.

Insider Buying and Selling at Wintrust Financial

In related news, Director Suzet M. Mckinney sold 500 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $148.96, for a total transaction of $74,480.00. Following the completion of the sale, the director directly owned 3,303 shares in the company, valued at approximately $492,014.88. This trade represents a 13.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.24% of the company’s stock.

Wall Street Analysts Forecast Growth

WTFC has been the topic of a number of recent analyst reports. Barclays boosted their price target on shares of Wintrust Financial from $190.00 to $192.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. Raymond James Financial started coverage on shares of Wintrust Financial in a research note on Tuesday, July 7th. They issued an “outperform” rating and a $180.00 price objective for the company. DA Davidson lifted their price objective on shares of Wintrust Financial from $185.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Brean Capital downgraded shares of Wintrust Financial from a “buy” rating to a “neutral” rating and set a $170.00 target price on the stock. in a research note on Tuesday, July 21st. Finally, Royal Bank Of Canada increased their target price on Wintrust Financial from $175.00 to $185.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Wintrust Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.77.

Wintrust Financial Profile

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.