American Trust trimmed its position in Wintrust Financial Co. (NASDAQ:WTFC – Get Rating) by 8.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,819 shares of the bank's stock after selling 418 shares during the quarter. American Trust's holdings in Wintrust Financial were worth $448,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Quadrant Capital Group LLC raised its holdings in shares of Wintrust Financial by 31.8% in the 1st quarter. Quadrant Capital Group LLC now owns 730 shares of the bank's stock valued at $68,000 after purchasing an additional 176 shares in the last quarter. Journey Strategic Wealth LLC acquired a new stake in Wintrust Financial during the 1st quarter worth $204,000. Raymond James Trust N.A. raised its stake in Wintrust Financial by 12.5% during the 1st quarter. Raymond James Trust N.A. now owns 2,503 shares of the bank's stock worth $233,000 after acquiring an additional 279 shares in the last quarter. Inspire Investing LLC acquired a new stake in Wintrust Financial during the 1st quarter worth $234,000. Finally, Wintrust Investments LLC raised its stake in Wintrust Financial by 4.9% during the 1st quarter. Wintrust Investments LLC now owns 2,708 shares of the bank's stock worth $252,000 after acquiring an additional 127 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.Get Wintrust Financial alerts:
Wall Street Analyst Weigh In
Several equities research analysts recently commented on WTFC shares. Jefferies Financial Group cut their price target on shares of Wintrust Financial from $109.00 to $96.00 in a research note on Monday, July 11th. Truist Financial lifted their price target on shares of Wintrust Financial to $100.00 in a research note on Monday, July 25th. Wedbush lifted their price target on shares of Wintrust Financial from $100.00 to $105.00 and gave the stock an "outperform" rating in a research note on Thursday, July 21st. Raymond James cut their price target on shares of Wintrust Financial from $130.00 to $111.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, June 29th. Finally, UBS Group dropped their price objective on shares of Wintrust Financial from $104.00 to $96.00 and set a "neutral" rating on the stock in a research note on Friday, July 29th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $105.29.
Wintrust Financial Trading Down 2.2 %NASDAQ WTFC opened at $85.21 on Friday. The firm has a market cap of $5.18 billion, a PE ratio of 12.33, a P/E/G ratio of 0.64 and a beta of 1.24. The firm's fifty day moving average is $85.59 and its two-hundred day moving average is $86.83. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.96 and a current ratio of 0.97. Wintrust Financial Co. has a one year low of $72.10 and a one year high of $105.56.
Wintrust Financial (NASDAQ:WTFC – Get Rating) last issued its earnings results on Wednesday, July 20th. The bank reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.21). Wintrust Financial had a net margin of 22.78% and a return on equity of 10.43%. During the same quarter in the previous year, the company posted $1.70 earnings per share. Analysts expect that Wintrust Financial Co. will post 7.99 earnings per share for the current year.
Wintrust Financial Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.60%. The ex-dividend date was Wednesday, August 10th. Wintrust Financial's payout ratio is 19.68%.
About Wintrust Financial
Wintrust Financial Corporation operates as a financial holding company. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), online and mobile banking, and other services.
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