California Public Employees Retirement System boosted its position in Wintrust Financial Corp (NASDAQ:WTFC) by 7.5% during the 4th quarter, Holdings Channel reports. The firm owned 99,424 shares of the bank’s stock after purchasing an additional 6,907 shares during the period. California Public Employees Retirement System’s holdings in Wintrust Financial were worth $6,611,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its position in Wintrust Financial by 4.4% in the third quarter. The Manufacturers Life Insurance Company now owns 93,482 shares of the bank’s stock worth $7,941,000 after purchasing an additional 3,916 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in Wintrust Financial by 2.1% in the third quarter. State Board of Administration of Florida Retirement System now owns 48,623 shares of the bank’s stock worth $4,130,000 after purchasing an additional 986 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Wintrust Financial by 25.4% in the third quarter. Canada Pension Plan Investment Board now owns 99,200 shares of the bank’s stock worth $8,426,000 after purchasing an additional 20,100 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Wintrust Financial by 0.5% in the fourth quarter. Bank of Montreal Can now owns 105,597 shares of the bank’s stock worth $7,021,000 after buying an additional 500 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in shares of Wintrust Financial by 8.3% in the third quarter. Advisors Asset Management Inc. now owns 18,771 shares of the bank’s stock worth $1,594,000 after buying an additional 1,431 shares during the period. 88.60% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently commented on WTFC. BidaskClub raised Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Friday, February 22nd. Zacks Investment Research raised Wintrust Financial from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a research note on Thursday, November 22nd. Finally, Piper Jaffray Companies raised Wintrust Financial from a “neutral” rating to an “overweight” rating in a research note on Monday, January 7th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Wintrust Financial currently has a consensus rating of “Buy” and an average target price of $93.00.
In related news, insider Timothy Crane sold 2,097 shares of Wintrust Financial stock in a transaction that occurred on Friday, January 25th. The stock was sold at an average price of $72.82, for a total transaction of $152,703.54. Following the sale, the insider now owns 18,433 shares of the company’s stock, valued at approximately $1,342,291.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas P. Zidar sold 3,482 shares of Wintrust Financial stock in a transaction that occurred on Friday, January 25th. The shares were sold at an average price of $72.62, for a total value of $252,862.84. Following the sale, the executive vice president now directly owns 31,016 shares in the company, valued at approximately $2,252,381.92. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by company insiders.
NASDAQ WTFC opened at $71.46 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.98 and a current ratio of 0.99. Wintrust Financial Corp has a 52 week low of $61.53 and a 52 week high of $99.96. The stock has a market capitalization of $3.99 billion, a PE ratio of 12.19, a P/E/G ratio of 0.84 and a beta of 0.95.
Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Tuesday, January 22nd. The bank reported $1.35 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.22). The company had revenue of $329.40 million during the quarter, compared to the consensus estimate of $344.46 million. Wintrust Financial had a return on equity of 11.36% and a net margin of 22.47%. During the same period last year, the business earned $1.17 EPS. On average, equities analysts predict that Wintrust Financial Corp will post 6.58 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 21st. Investors of record on Thursday, February 7th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.40%. The ex-dividend date was Wednesday, February 6th. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.19. Wintrust Financial’s dividend payout ratio (DPR) is 17.06%.
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Wintrust Financial 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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