Swiss National Bank Lowers Holdings in Wintrust Financial Corporation (NASDAQ:WTFC)

Swiss National Bank decreased its holdings in Wintrust Financial Corporation (NASDAQ:WTFC) by 1.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,867 shares of the bank’s stock after selling 1,900 shares during the quarter. Swiss National Bank owned approximately 0.19% of Wintrust Financial worth $14,492,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CHICAGO TRUST Co NA grew its holdings in Wintrust Financial by 0.5% in the 1st quarter. CHICAGO TRUST Co NA now owns 19,896 shares of the bank’s stock valued at $2,238,000 after buying an additional 100 shares during the period. Louisiana State Employees Retirement System grew its holdings in Wintrust Financial by 0.5% in the 1st quarter. Louisiana State Employees Retirement System now owns 18,600 shares of the bank’s stock valued at $2,092,000 after buying an additional 100 shares during the period. Securian Asset Management Inc. grew its holdings in Wintrust Financial by 2.0% in the 1st quarter. Securian Asset Management Inc. now owns 5,098 shares of the bank’s stock valued at $573,000 after buying an additional 100 shares during the period. Blair William & Co. IL lifted its stake in shares of Wintrust Financial by 0.6% in the 1st quarter. Blair William & Co. IL now owns 19,055 shares of the bank’s stock valued at $2,143,000 after purchasing an additional 109 shares in the last quarter. Finally, Xponance Inc. grew its holdings in shares of Wintrust Financial by 1.6% during the 1st quarter. Xponance Inc. now owns 7,646 shares of the bank’s stock worth $860,000 after purchasing an additional 123 shares during the period. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wintrust Financial Stock Up 0.9%

NASDAQ WTFC opened at $128.45 on Thursday. The stock has a market cap of $8.60 billion, a PE ratio of 12.15 and a beta of 0.85. Wintrust Financial Corporation has a fifty-two week low of $89.10 and a fifty-two week high of $142.04. The business has a 50 day moving average price of $126.63 and a two-hundred day moving average price of $119.99. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.68.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Monday, July 21st. The bank reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.19. Wintrust Financial had a return on equity of 12.08% and a net margin of 18.06%. The company had revenue of $670.78 million for the quarter, compared to analyst estimates of $661.43 million. During the same period in the prior year, the company posted $2.32 EPS. As a group, sell-side analysts predict that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, August 7th. Wintrust Financial’s dividend payout ratio is presently 18.92%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on WTFC shares. Jefferies Financial Group set a $145.00 target price on Wintrust Financial and gave the stock a “buy” rating in a report on Wednesday, May 21st. Hovde Group boosted their target price on Wintrust Financial from $107.00 to $115.00 and gave the stock a “market perform” rating in a report on Wednesday, April 23rd. Wall Street Zen upgraded Wintrust Financial from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Barclays reiterated an “overweight” rating and set a $162.00 target price (up previously from $145.00) on shares of Wintrust Financial in a report on Tuesday, July 8th. Finally, Piper Sandler reiterated an “overweight” rating and set a $160.00 target price (up previously from $141.00) on shares of Wintrust Financial in a report on Wednesday, July 23rd. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $145.77.

Insider Buying and Selling

In other Wintrust Financial news, insider Edward J. Wehmer bought 3,919 shares of the business’s stock in a transaction on Friday, July 25th. The shares were bought at an average cost of $26.35 per share, with a total value of $103,265.65. Following the transaction, the insider directly owned 3,919 shares in the company, valued at approximately $103,265.65. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO David A. Dykstra sold 14,942 shares of the company’s stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $131.53, for a total value of $1,965,321.26. Following the completion of the transaction, the chief operating officer directly owned 182,208 shares in the company, valued at approximately $23,965,818.24. The trade was a 7.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.01% of the company’s stock.

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.