Amalgamated Bank Purchases 271 Shares of Wintrust Financial Corporation (NASDAQ:WTFC)
Amalgamated Bank boosted its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 3.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 7,235 shares of the bank’s stock after buying an additional 271 shares during the period. Amalgamated Bank’s holdings in Wintrust Financial Corporation were worth $500,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of WTFC. United Capital Financial Advisers LLC raised its stake in Wintrust Financial Corporation by 0.3% in the first quarter. United Capital Financial Advisers LLC now owns 4,193 shares of the bank’s stock valued at $290,000 after buying an additional 14 shares in the last quarter. BlackRock Inc. raised its stake in Wintrust Financial Corporation by 21,214.8% in the first quarter. BlackRock Inc. now owns 6,110,097 shares of the bank’s stock valued at $422,330,000 after buying an additional 6,081,431 shares in the last quarter. Miles Capital Inc. raised its stake in Wintrust Financial Corporation by 0.3% in the first quarter. Miles Capital Inc. now owns 3,595 shares of the bank’s stock valued at $248,000 after buying an additional 10 shares in the last quarter. Renaissance Technologies LLC raised its stake in Wintrust Financial Corporation by 218.2% in the first quarter. Renaissance Technologies LLC now owns 187,400 shares of the bank’s stock valued at $12,953,000 after buying an additional 128,500 shares in the last quarter. Finally, Morgan Stanley raised its stake in Wintrust Financial Corporation by 49.9% in the first quarter. Morgan Stanley now owns 233,896 shares of the bank’s stock valued at $16,167,000 after buying an additional 77,888 shares in the last quarter. 90.19% of the stock is currently owned by institutional investors.
Wintrust Financial Corporation (NASDAQ:WTFC) traded down 0.84% during trading on Thursday, hitting $74.67. 222,909 shares of the stock traded hands. The company has a 50-day moving average price of $76.37 and a 200-day moving average price of $72.55. The stock has a market cap of $4.16 billion, a PE ratio of 18.81 and a beta of 0.81. Wintrust Financial Corporation has a 12 month low of $51.65 and a 12 month high of $80.52.
Wintrust Financial Corporation (NASDAQ:WTFC) last announced its earnings results on Tuesday, July 18th. The bank reported $1.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.12. The business had revenue of $294.38 million during the quarter, compared to the consensus estimate of $279.69 million. Wintrust Financial Corporation had a net margin of 19.24% and a return on equity of 9.15%. The firm’s revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.90 earnings per share. Equities research analysts expect that Wintrust Financial Corporation will post $4.28 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th will be issued a $0.14 dividend. 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 is presently 14.11%.
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Several analysts recently issued reports on WTFC shares. BidaskClub lowered shares of Wintrust Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. ValuEngine upgraded shares of Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Hovde Group increased their price objective on shares of Wintrust Financial Corporation from $74.00 to $76.50 and gave the company a “market perform” rating in a research note on Tuesday, April 25th. Wedbush reissued an “outperform” rating and issued a $89.00 price objective on shares of Wintrust Financial Corporation in a research note on Tuesday, June 27th. Finally, Stephens downgraded shares of Wintrust Financial Corporation from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Wintrust Financial Corporation presently has a consensus rating of “Hold” and an average price target of $78.71.
In other news, EVP David A. Dykstra sold 26,861 shares of the business’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $76.82, for a total transaction of $2,063,462.02. Following the sale, the executive vice president now owns 185,651 shares in the company, valued at $14,261,709.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary D. Sweeney purchased 485 shares of the company’s stock in a transaction dated Friday, July 21st. The shares were acquired at an average price of $77.12 per share, for a total transaction of $37,403.20. Following the purchase, the director now directly owns 2,186 shares of the company’s stock, valued at approximately $168,584.32. The disclosure for this purchase can be found here. Insiders own 2.00% of the company’s stock.
About Wintrust Financial Corporation
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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