Nisa Investment Advisors LLC boosted its stake in Wintrust Financial Corporation (NASDAQ:WTFC) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,900 shares of the bank’s stock after buying an additional 100 shares during the period. Nisa Investment Advisors LLC owned approximately 0.09% of Wintrust Financial Corporation worth $3,861,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of WTFC. Exane Derivatives purchased a new position in Wintrust Financial Corporation during the second quarter valued at $128,000. Daiwa Securities Group Inc. purchased a new position in Wintrust Financial Corporation during the first quarter valued at $187,000. Penserra Capital Management LLC purchased a new position in Wintrust Financial Corporation during the first quarter valued at $193,000. Oppenheimer & Co. Inc. increased 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 valued at $204,000 after buying an additional 96 shares during the last quarter. Finally, Two Sigma Securities LLC purchased a new position in Wintrust Financial Corporation during the first quarter valued at $223,000. Institutional investors own 89.70% of the company’s stock.
Shares of Wintrust Financial Corporation (NASDAQ WTFC) opened at 72.19 on Friday. The stock has a market cap of $4.03 billion, a PE ratio of 18.21 and a beta of 0.81. Wintrust Financial Corporation has a 12-month low of $51.66 and a 12-month high of $80.52. The firm has a 50 day moving average price of $76.00 and a 200 day moving average price of $72.77.
Wintrust Financial Corporation (NASDAQ:WTFC) last released its quarterly earnings results on Tuesday, July 18th. The bank reported $1.11 earnings per share (EPS) for the quarter, beating 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 business had revenue of $294.38 million during the quarter, compared to analyst estimates of $279.69 million. During the same quarter in the previous year, the company posted $0.90 earnings per share. Wintrust Financial Corporation’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, equities analysts expect that Wintrust Financial Corporation will post $4.30 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Tuesday, August 8th. Wintrust Financial Corporation’s dividend payout ratio (DPR) is 14.11%.
Several research analysts have recently weighed in on the company. Jefferies Group LLC reiterated a “hold” rating and set a $80.00 price target on shares of Wintrust Financial Corporation in a research note on Friday. ValuEngine raised Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Hovde Group increased their price objective on Wintrust Financial Corporation from $74.00 to $76.50 and gave the stock a “market perform” rating in a report on Tuesday, April 25th. Zacks Investment Research raised Wintrust Financial Corporation from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a report on Wednesday, June 7th. Finally, Stephens cut Wintrust Financial Corporation from an “overweight” rating to an “equal weight” rating in a report on Monday, July 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $78.71.
In other news, EVP David A. Dykstra sold 26,861 shares of the company’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $76.82, for a total value 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 $14,261,709.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Edward J. Wehmer sold 29,779 shares of the company’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $76.89, for a total value of $2,289,707.31. Following the completion of the transaction, the insider now directly 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. Corporate insiders own 2.00% of the company’s stock.
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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