Exane Derivatives bought a new stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,673 shares of the bank’s stock, valued at approximately $128,000.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. purchased a new position in Wintrust Financial Corporation during the first quarter valued at about $187,000. Penserra Capital Management LLC purchased a new position in Wintrust Financial Corporation during the first quarter valued at about $193,000. Oppenheimer & Co. Inc. raised its position in Wintrust Financial Corporation by 3.4% in the first quarter. Oppenheimer & Co. Inc. now owns 2,956 shares of the bank’s stock valued at $204,000 after buying an additional 96 shares during the last quarter. Two Sigma Securities LLC purchased a new position in Wintrust Financial Corporation during the first quarter valued at about $223,000. Finally, Trust Co. of Toledo NA OH purchased a new position in Wintrust Financial Corporation during the second quarter valued at about $228,000. Institutional investors and hedge funds own 90.66% of the company’s stock.
Wintrust Financial Corporation (NASDAQ:WTFC) traded up 2.77% during midday trading on Monday, hitting $74.19. 255,604 shares of the stock traded hands. Wintrust Financial Corporation has a 52 week low of $51.65 and a 52 week high of $80.52. The stock has a market capitalization of $4.14 billion, a P/E ratio of 18.71 and a beta of 0.81. The stock’s 50-day moving average price is $76.03 and its 200-day moving average price is $72.79.
Wintrust Financial Corporation (NASDAQ:WTFC) last issued its quarterly earnings results on Tuesday, July 18th. The bank reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.12. Wintrust Financial Corporation had a net margin of 19.24% and a return on equity of 9.15%. The company had revenue of $294.38 million during the quarter, compared to analysts’ expectations of $279.69 million. During the same period last year, the company posted $0.90 EPS. Wintrust Financial Corporation’s revenue was up 13.2% on a year-over-year basis. Equities research analysts expect that Wintrust Financial Corporation will post $4.30 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 10th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $0.56 dividend on an annualized basis and a yield of 0.75%. Wintrust Financial Corporation’s dividend payout ratio (DPR) is currently 14.11%.
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WTFC has been the topic of several research reports. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $74.00 price objective on shares of Wintrust Financial Corporation in a report on Thursday, April 20th. Zacks Investment Research upgraded shares of Wintrust Financial Corporation from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a report on Wednesday, June 7th. ValuEngine upgraded shares of Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Stephens lowered shares of Wintrust Financial Corporation from an “overweight” rating to an “equal weight” rating in a report on Monday, July 10th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $80.00 price objective on shares of Wintrust Financial Corporation in a report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Wintrust Financial Corporation presently has an average rating of “Hold” and an average price target of $78.71.
In related news, EVP David A. Dykstra sold 26,861 shares of Wintrust Financial Corporation stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $76.82, for a total transaction of $2,063,462.02. Following the completion of the transaction, the executive vice president now directly owns 185,651 shares of the company’s stock, valued at approximately $14,261,709.82. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Edward J. Wehmer sold 29,779 shares of Wintrust Financial Corporation stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $76.89, for a total transaction of $2,289,707.31. Following the completion of the transaction, the insider now directly owns 137,352 shares of the company’s stock, valued at $10,560,995.28. The disclosure for this sale can be found here. Company insiders own 1.97% of the company’s stock.
Wintrust Financial Corporation Company Profile
Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.
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