Vaughan Nelson Investment Management L.P. Purchases New Stake in Wintrust Financial Corporation $WTFC

Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) in the 1st quarter, Holdings Channel reports. The institutional investor purchased 246,665 shares of the bank’s stock, valued at approximately $34,272,000.

A number of other large investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. purchased a new position in shares of Wintrust Financial in the first quarter valued at about $27,000. Elyxium Wealth LLC bought a new position in shares of Wintrust Financial during the fourth quarter valued at about $31,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of Wintrust Financial by 231.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock worth $32,000 after purchasing an additional 160 shares during the period. Harbour Investments Inc. boosted its holdings in shares of Wintrust Financial by 72.7% during the fourth quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock worth $34,000 after purchasing an additional 101 shares during the period. Finally, Strive Financial Group LLC bought a new stake in shares of Wintrust Financial in the fourth quarter worth about $39,000. Institutional investors own 93.48% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on WTFC shares. Royal Bank Of Canada boosted their price target on Wintrust Financial from $175.00 to $185.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Stephens started coverage on Wintrust Financial in a report on Friday, March 27th. They issued an “equal weight” rating and a $160.00 price objective for the company. Citigroup lifted their price objective on Wintrust Financial from $178.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. DA Davidson reissued a “buy” rating and set a $165.00 target price on shares of Wintrust Financial in a research note on Tuesday, April 21st. Finally, Truist Financial decreased their target price on Wintrust Financial from $170.00 to $150.00 and set a “buy” rating for the company in a report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Wintrust Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.92.

Wintrust Financial Price Performance

Shares of NASDAQ WTFC opened at $154.11 on Monday. Wintrust Financial Corporation has a 1 year low of $119.05 and a 1 year high of $162.96. The stock has a market capitalization of $10.39 billion, a P/E ratio of 12.92 and a beta of 0.85. The company’s 50-day moving average is $150.22 and its 200 day moving average is $145.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Monday, April 20th. The bank reported $3.22 earnings per share for the quarter, beating the consensus estimate of $2.96 by $0.26. The business had revenue of $713.17 million for the quarter, compared to analysts’ expectations of $707.23 million. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.The business’s revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.69 EPS. On average, sell-side analysts expect that Wintrust Financial Corporation will post 13.07 earnings per share for the current year.

Wintrust Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, May 14th. Wintrust Financial’s payout ratio is currently 18.44%.

Insider Transactions at Wintrust Financial

In other news, Director Suzet M. Mckinney sold 500 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $148.96, for a total value of $74,480.00. Following the transaction, the director owned 3,303 shares in the company, valued at approximately $492,014.88. This represents a 13.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO David L. Stoehr sold 3,020 shares of the business’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $150.45, for a total transaction of $454,359.00. Following the completion of the transaction, the chief financial officer owned 13,213 shares of the company’s stock, valued at approximately $1,987,895.85. The trade was a 18.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 13,099 shares of company stock valued at $1,954,386 in the last quarter. 1.24% of the stock is owned by insiders.

Wintrust Financial Company 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.