Wintrust Financial Corporation (NASDAQ:WTFC) Shares Sold by CHICAGO TRUST Co NA
CHICAGO TRUST Co NA decreased its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 0.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 63,745 shares of the bank’s stock after selling 500 shares during the period. Wintrust Financial Corporation makes up approximately 2.2% of CHICAGO TRUST Co NA’s portfolio, making the stock its 7th largest position. CHICAGO TRUST Co NA owned approximately 0.11% of Wintrust Financial Corporation worth $4,873,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Miles Capital Inc. boosted its position in Wintrust Financial Corporation by 0.3% in the first quarter. Miles Capital Inc. now owns 3,595 shares of the bank’s stock worth $248,000 after buying an additional 10 shares in the last quarter. United Capital Financial Advisers LLC boosted its position 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 worth $290,000 after buying an additional 14 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in Wintrust Financial Corporation by 0.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 11,800 shares of the bank’s stock worth $816,000 after buying an additional 70 shares in the last quarter. Oppenheimer & Co. Inc. boosted 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 worth $204,000 after buying an additional 96 shares in the last quarter. Finally, Texas Permanent School Fund boosted its position in Wintrust Financial Corporation by 0.5% in the first quarter. Texas Permanent School Fund now owns 37,929 shares of the bank’s stock worth $2,622,000 after buying an additional 170 shares in the last quarter. 90.19% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Wintrust Financial Corporation (NASDAQ WTFC) traded up 0.91% on Friday, reaching $75.35. The company had a trading volume of 195,650 shares. Wintrust Financial Corporation has a 1-year low of $51.65 and a 1-year high of $80.52. The company’s 50 day moving average price is $76.37 and its 200-day moving average price is $72.55. The stock has a market capitalization of $4.20 billion, a P/E ratio of 19.00 and a beta of 0.81.
Wintrust Financial Corporation (NASDAQ:WTFC) last posted its earnings results on Tuesday, July 18th. The bank reported $1.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $294.38 million during the quarter, compared to the consensus estimate of $279.69 million. During the same quarter last year, the firm earned $0.90 EPS. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. Equities analysts predict that Wintrust Financial Corporation will post $4.28 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 10th will be issued a $0.14 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $0.56 annualized dividend and a yield of 0.74%. Wintrust Financial Corporation’s dividend payout ratio (DPR) is presently 14.11%.
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A number of research analysts have recently commented on the company. Zacks Investment Research cut Wintrust Financial Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 3rd. Jefferies Group LLC reaffirmed a “hold” rating and set a $80.00 target price on shares of Wintrust Financial Corporation in a research note on Sunday, June 11th. Piper Jaffray Companies set a $72.00 target price on Wintrust Financial Corporation and gave the company a “hold” rating in a research note on Tuesday, July 18th. Hovde Group reaffirmed a “market perform” rating and set a $80.00 target price (up previously from $76.50) on shares of Wintrust Financial Corporation in a research note on Wednesday. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $74.00 target price on shares of Wintrust Financial Corporation in a research note on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $78.71.
In other Wintrust Financial Corporation news, Director Gary D. Sweeney purchased 485 shares of the company’s stock in a transaction on Friday, July 21st. The stock was acquired at an average price of $77.12 per share, for a total transaction of $37,403.20. Following the completion of the purchase, the director now directly owns 2,186 shares in the company, valued at approximately $168,584.32. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, EVP David A. Dykstra sold 26,861 shares of the business’s stock in a transaction on 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 completion of the transaction, the executive vice president now owns 185,651 shares of the company’s stock, valued at approximately $14,261,709.82. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.
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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