Falcon Point Capital LLC lessened its stake in shares of Wintrust Financial Corp (NASDAQ:WTFC) by 15.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,409 shares of the bank’s stock after selling 22,022 shares during the period. Falcon Point Capital LLC owned approximately 0.22% of Wintrust Financial worth $10,000,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Cerebellum GP LLC bought a new position in Wintrust Financial during the 4th quarter valued at approximately $126,000. Bank of New York Mellon Corp increased its position in Wintrust Financial by 2.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 735,233 shares of the bank’s stock valued at $57,576,000 after buying an additional 20,848 shares in the last quarter. Wells Fargo & Company MN increased its position in Wintrust Financial by 3.9% during the 3rd quarter. Wells Fargo & Company MN now owns 298,804 shares of the bank’s stock valued at $23,399,000 after buying an additional 11,209 shares in the last quarter. Rothschild Asset Management Inc. increased its position in Wintrust Financial by 1.7% during the 3rd quarter. Rothschild Asset Management Inc. now owns 489,420 shares of the bank’s stock valued at $38,326,000 after buying an additional 8,002 shares in the last quarter. Finally, Axiom International Investors LLC DE increased its position in Wintrust Financial by 65.9% during the 3rd quarter. Axiom International Investors LLC DE now owns 54,847 shares of the bank’s stock valued at $4,295,000 after buying an additional 21,780 shares in the last quarter. 90.41% of the stock is owned by institutional investors.
WTFC has been the subject of a number of analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $84.00 price objective on shares of Wintrust Financial in a research report on Friday, October 20th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $90.00 price objective on shares of Wintrust Financial in a research report on Thursday, December 14th. ValuEngine raised Wintrust Financial from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research raised Wintrust Financial from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Wednesday, December 27th. Finally, BidaskClub raised Wintrust Financial from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $88.67.
Shares of Wintrust Financial Corp (NASDAQ WTFC) opened at $81.89 on Tuesday. The company has a market capitalization of $4,579.63, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 1.10 and a beta of 0.85. Wintrust Financial Corp has a fifty-two week low of $64.14 and a fifty-two week high of $89.34. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.43.
Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Monday, January 22nd. The bank reported $1.17 EPS for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.04. The business had revenue of $300.14 million during the quarter, compared to analyst estimates of $299.47 million. Wintrust Financial had a return on equity of 9.49% and a net margin of 20.35%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.94 EPS. sell-side analysts expect that Wintrust Financial Corp will post 5.52 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th will be issued a $0.19 dividend. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, February 7th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.93%. Wintrust Financial’s dividend payout ratio (DPR) is presently 17.27%.
ILLEGAL ACTIVITY WARNING: This piece was originally posted by Week Herald and is the property of of Week Herald. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece can be accessed at https://weekherald.com/2018/02/13/wintrust-financial-corp-wtfc-shares-sold-by-falcon-point-capital-llc.html.
Wintrust Financial 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.
Receive News & Ratings for Wintrust Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wintrust Financial and related companies with MarketBeat.com's FREE daily email newsletter.