Susquehanna Fundamental Investments LLC Takes Position in Wintrust Financial Co. (NASDAQ:WTFC)

Susquehanna Fundamental Investments LLC purchased a new position in shares of Wintrust Financial Co. (NASDAQ:WTFC) during the fourth quarter, Holdings Channel reports. The firm purchased 8,121 shares of the bank’s stock, valued at approximately $1,013,000.

Several other large investors also recently bought and sold shares of WTFC. Barclays PLC boosted its holdings in shares of Wintrust Financial by 3.5% during the 3rd quarter. Barclays PLC now owns 81,737 shares of the bank’s stock worth $8,870,000 after purchasing an additional 2,748 shares during the last quarter. World Investment Advisors LLC boosted its stake in Wintrust Financial by 16.8% during the third quarter. World Investment Advisors LLC now owns 2,479 shares of the bank’s stock worth $269,000 after buying an additional 356 shares during the last quarter. Tidal Investments LLC increased its stake in shares of Wintrust Financial by 2.0% in the 3rd quarter. Tidal Investments LLC now owns 8,656 shares of the bank’s stock worth $939,000 after acquiring an additional 172 shares during the last quarter. Retirement Systems of Alabama raised its holdings in shares of Wintrust Financial by 6.0% during the 3rd quarter. Retirement Systems of Alabama now owns 80,782 shares of the bank’s stock worth $8,767,000 after acquiring an additional 4,562 shares during the period. Finally, Lord Abbett & CO. LLC boosted its position in shares of Wintrust Financial by 6.2% during the 3rd quarter. Lord Abbett & CO. LLC now owns 286,341 shares of the bank’s stock valued at $31,076,000 after acquiring an additional 16,668 shares during the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Truist Financial reduced their target price on shares of Wintrust Financial from $150.00 to $137.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Stephens reduced their price target on shares of Wintrust Financial from $145.00 to $132.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 23rd. Hovde Group increased their price objective on Wintrust Financial from $107.00 to $115.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 23rd. Raymond James set a $143.00 target price on Wintrust Financial and gave the company a “strong-buy” rating in a research report on Wednesday, April 23rd. Finally, Barclays raised their price objective on Wintrust Financial from $138.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.54.

Wintrust Financial Stock Up 1.3 %

Shares of NASDAQ:WTFC opened at $112.63 on Friday. The firm has a market capitalization of $7.54 billion, a PE ratio of 10.92 and a beta of 0.94. Wintrust Financial Co. has a 1 year low of $89.10 and a 1 year high of $142.04. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.00. The firm’s 50-day moving average is $109.60 and its two-hundred day moving average is $121.69.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Monday, April 21st. The bank reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.17. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. The firm had revenue of $643.11 million for the quarter, compared to the consensus estimate of $643.11 million. During the same period in the prior year, the firm earned $2.89 EPS. Analysts predict that Wintrust Financial Co. will post 10.36 EPS for the current year.

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $2.00 annualized dividend and a yield of 1.78%. Wintrust Financial’s dividend payout ratio (DPR) is 19.78%.

Wintrust Financial Company Profile

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.