First Midwest Bank Trust Division grew its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 7.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,033 shares of the bank’s stock after acquiring an additional 1,312 shares during the quarter. First Midwest Bank Trust Division’s holdings in Wintrust Financial Corporation were worth $1,490,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. United Capital Financial Advisers LLC increased its holdings in Wintrust Financial Corporation by 0.3% in the 1st 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 during the period. Bellwether Investment Group LLC grew its stake in shares of Wintrust Financial Corporation by 0.4% during the 2nd quarter. Bellwether Investment Group LLC now owns 3,666 shares of the bank’s stock worth $280,000 after purchasing an additional 14 shares during the period. Suntrust Banks Inc. grew its stake in shares of Wintrust Financial Corporation by 0.7% during the 2nd quarter. Suntrust Banks Inc. now owns 7,307 shares of the bank’s stock worth $558,000 after purchasing an additional 49 shares during the period. Teacher Retirement System of Texas grew its stake in shares of Wintrust Financial Corporation by 1.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 4,157 shares of the bank’s stock worth $318,000 after purchasing an additional 55 shares during the period. Finally, Greenwood Capital Associates LLC grew its stake in shares of Wintrust Financial Corporation by 1.8% during the 2nd quarter. Greenwood Capital Associates LLC now owns 4,399 shares of the bank’s stock worth $336,000 after purchasing an additional 78 shares during the period. Hedge funds and other institutional investors own 91.11% of the company’s stock.
Wintrust Financial Corporation (NASDAQ:WTFC) traded up $0.88 during midday trading on Tuesday, reaching $77.90. The company’s stock had a trading volume of 149,000 shares, compared to its average volume of 408,509. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 1.01. The firm has a market cap of $4,307.21, a P/E ratio of 18.47, a P/E/G ratio of 1.30 and a beta of 0.83. Wintrust Financial Corporation has a 52 week low of $61.08 and a 52 week high of $82.16.
Wintrust Financial Corporation (NASDAQ:WTFC) last announced its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.04. The business had revenue of $295.70 million during the quarter, compared to analysts’ expectations of $298.96 million. Wintrust Financial Corporation had a return on equity of 9.32% and a net margin of 19.74%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 EPS. sell-side analysts anticipate that Wintrust Financial Corporation will post 4.38 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Thursday, November 9th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Wednesday, November 8th. Wintrust Financial Corporation’s payout ratio is 13.43%.
A number of brokerages have recently issued reports on WTFC. Zacks Investment Research lowered Wintrust Financial Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub lowered Wintrust Financial Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada restated a “buy” rating and issued a $84.00 price objective on shares of Wintrust Financial Corporation in a report on Friday, October 20th. Piper Jaffray Companies restated a “hold” rating and issued a $74.00 price objective on shares of Wintrust Financial Corporation in a report on Friday, September 1st. Finally, SunTrust Banks, Inc. set a $79.00 target price on Wintrust Financial Corporation and gave the stock a “hold” rating in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $81.38.
In other Wintrust Financial Corporation news, CEO Edward J. Wehmer sold 9,000 shares of the business’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $79.91, for a total transaction of $719,190.00. Following the sale, the chief executive officer now directly owns 121,873 shares in the company, valued at $9,738,871.43. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ingrid S. Stafford sold 1,405 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $80.63, for a total value of $113,285.15. Following the sale, the director now owns 20,746 shares in the company, valued at $1,672,749.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,500 shares of company stock valued at $3,563,512. 1.97% of the stock is 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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