Alliancebernstein L.P. grew its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 96.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 239,817 shares of the bank’s stock after purchasing an additional 117,460 shares during the period. Alliancebernstein L.P. owned about 0.43% of Wintrust Financial worth $19,754,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Allianz Asset Management GmbH lifted its stake in Wintrust Financial by 6.5% in the 4th quarter. Allianz Asset Management GmbH now owns 87,241 shares of the bank’s stock worth $7,186,000 after acquiring an additional 5,352 shares in the last quarter. Martingale Asset Management L P lifted its stake in Wintrust Financial by 149.6% in the 4th quarter. Martingale Asset Management L P now owns 83,936 shares of the bank’s stock worth $6,914,000 after acquiring an additional 50,312 shares in the last quarter. Eaton Vance Management lifted its stake in Wintrust Financial by 39.3% in the 4th quarter. Eaton Vance Management now owns 150,914 shares of the bank’s stock worth $12,431,000 after acquiring an additional 42,555 shares in the last quarter. Standard Life Aberdeen plc lifted its stake in Wintrust Financial by 14.2% in the 4th quarter. Standard Life Aberdeen plc now owns 284,465 shares of the bank’s stock worth $23,424,000 after acquiring an additional 35,452 shares in the last quarter. Finally, OppenheimerFunds Inc. lifted its stake in Wintrust Financial by 157.2% in the 4th quarter. OppenheimerFunds Inc. now owns 333,645 shares of the bank’s stock worth $27,483,000 after acquiring an additional 203,909 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.
WTFC stock opened at $88.61 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.01 and a quick ratio of 0.99. Wintrust Financial Co. has a 52-week low of $64.14 and a 52-week high of $91.67. The firm has a market capitalization of $5,133.68, a PE ratio of 20.14, a price-to-earnings-growth ratio of 1.23 and a beta of 0.84.
Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Monday, January 22nd. The bank reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.04. Wintrust Financial had a return on equity of 9.49% and a net margin of 20.35%. The company had revenue of $300.14 million for the quarter, compared to analyst estimates of $299.47 million. During the same period in the prior year, the firm posted $0.94 EPS. The business’s revenue was up 8.7% compared to the same quarter last year. sell-side analysts anticipate that Wintrust Financial Co. will post 5.52 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th were given a $0.19 dividend. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.14. This represents a $0.76 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Wednesday, February 7th. Wintrust Financial’s dividend payout ratio is presently 17.27%.
Several brokerages recently issued reports on WTFC. BidaskClub downgraded Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. 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 note on Wednesday, December 27th. DA Davidson increased their price objective on Wintrust Financial to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $100.00 price objective on shares of Wintrust Financial in a research note on Tuesday, February 27th. Finally, FIG Partners raised Wintrust Financial from a “market perform” rating to an “outperform” rating in a research note on Friday, February 9th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $89.78.
In other news, EVP David A. Dykstra sold 11,235 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $87.56, for a total transaction of $983,736.60. Following the transaction, the executive vice president now owns 39,365 shares of the company’s stock, valued at approximately $3,446,799.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO David L. Stoehr sold 5,268 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $87.59, for a total value of $461,424.12. Following the transaction, the chief financial officer now directly owns 11,347 shares in the company, valued at approximately $993,883.73. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 152 shares of company stock worth $10,629 and sold 30,676 shares worth $2,687,566. Corporate insiders own 1.97% of the company’s stock.
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Wintrust Financial Company Profile
Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. 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), Internet banking, and other services.
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