Wintrust Financial Corporation (WTFC) Holdings Boosted by Commonwealth of Pennsylvania Public School Empls Retrmt SYS
Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Wintrust Financial Corporation (NASDAQ:WTFC) by 6.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,123 shares of the bank’s stock after buying an additional 471 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Wintrust Financial Corporation were worth $621,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of WTFC. Russell Investments Group Ltd. lifted its stake in Wintrust Financial Corporation by 1.7% in the first quarter. Russell Investments Group Ltd. now owns 123,403 shares of the bank’s stock valued at $8,529,000 after buying an additional 2,006 shares during the period. Wells Fargo & Company MN lifted its stake in Wintrust Financial Corporation by 64.3% in the first quarter. Wells Fargo & Company MN now owns 281,475 shares of the bank’s stock valued at $19,456,000 after buying an additional 110,169 shares during the period. State Treasurer State of Michigan acquired a new position in Wintrust Financial Corporation in the first quarter valued at approximately $1,472,000. State Board of Administration of Florida Retirement System lifted its stake in Wintrust Financial Corporation by 1.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 32,861 shares of the bank’s stock valued at $2,271,000 after buying an additional 575 shares during the period. Finally, First Trust Advisors LP lifted its stake in Wintrust Financial Corporation by 4.1% in the first quarter. First Trust Advisors LP now owns 113,371 shares of the bank’s stock valued at $7,836,000 after buying an additional 4,515 shares during the period. 90.64% of the stock is currently owned by hedge funds and other institutional investors.
Wintrust Financial Corporation (WTFC) opened at 70.71 on Monday. The stock’s 50 day moving average price is $72.65 and its 200-day moving average price is $72.51. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 17.83 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 posted its quarterly earnings results on Tuesday, July 18th. The bank reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.12. Wintrust Financial Corporation had a return on equity of 9.15% and a net margin of 19.24%. The firm had revenue of $294.38 million during the quarter, compared to analysts’ expectations of $279.69 million. During the same quarter in the previous year, the business earned $0.90 earnings per share. The company’s revenue was up 13.2% on a year-over-year basis. Equities analysts anticipate that Wintrust Financial Corporation will post $4.30 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Tuesday, August 8th. Wintrust Financial Corporation’s dividend payout ratio is currently 14.11%.
Several brokerages have issued reports on WTFC. Zacks Investment Research raised Wintrust Financial Corporation from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research note on Wednesday, September 13th. Royal Bank Of Canada reissued a “buy” rating and issued a $84.00 price target on shares of Wintrust Financial Corporation in a research note on Friday, September 8th. Piper Jaffray Companies reissued a “hold” rating and issued a $74.00 price target on shares of Wintrust Financial Corporation in a research note on Friday, September 1st. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $82.00 price target on shares of Wintrust Financial Corporation in a research note on Tuesday, August 22nd. Finally, ValuEngine raised Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Wintrust Financial Corporation presently has an average rating of “Hold” and a consensus price target of $80.63.
In other news, Director Gary D. Sweeney acquired 485 shares of Wintrust Financial Corporation stock in a transaction that occurred on Friday, July 21st. The stock was bought at an average price of $77.12 per share, for a total transaction of $37,403.20. Following the completion of the transaction, the director now owns 2,186 shares in the company, valued at $168,584.32. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward J. Wehmer sold 29,779 shares of the company’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $76.89, for a total value of $2,289,707.31. Following the sale, the insider now owns 137,352 shares of the company’s stock, valued at approximately $10,560,995.28. The disclosure for this sale can be found here. 1.97% of the stock is owned by insiders.
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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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