Polar Asset Management Partners Inc. acquired a new position in shares of Wintrust Financial Corporation (NASDAQ:WTFC – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 94,034 shares of the bank’s stock, valued at approximately $13,065,000. Polar Asset Management Partners Inc. owned about 0.14% of Wintrust Financial at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in Wintrust Financial during the 4th quarter worth $111,924,000. Wellington Management Group LLP acquired a new position in Wintrust Financial in the third quarter valued at $90,187,000. Artemis Investment Management LLP acquired a new position in Wintrust Financial in the fourth quarter valued at $59,287,000. First Trust Advisors LP grew its holdings in shares of Wintrust Financial by 26.6% during the first quarter. First Trust Advisors LP now owns 1,830,268 shares of the bank’s stock worth $254,297,000 after purchasing an additional 385,069 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in shares of Wintrust Financial during the first quarter worth about $34,272,000. Institutional investors and hedge funds own 93.48% of the company’s stock.
Insider Buying and Selling at Wintrust Financial
In related news, Director Suzet M. Mckinney sold 500 shares of Wintrust Financial stock in a transaction on Monday, May 4th. The shares were sold at an average price of $148.96, for a total value of $74,480.00. Following the transaction, the director directly owned 3,303 shares in the company, valued at $492,014.88. This trade represents a 13.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.24% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on Wintrust Financial
Wintrust Financial Stock Performance
Shares of WTFC stock opened at $158.66 on Monday. The stock’s 50-day moving average price is $156.44 and its 200 day moving average price is $149.53. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $10.70 billion, a PE ratio of 12.74 and a beta of 0.84. Wintrust Financial Corporation has a 52-week low of $119.61 and a 52-week high of $167.21.
Wintrust Financial (NASDAQ:WTFC – Get Free Report) last posted its quarterly earnings data on Monday, July 20th. The bank reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.15. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The company had revenue of $738.63 million during the quarter, compared to analysts’ expectations of $735.36 million. During the same period last year, the firm earned $2.78 EPS. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. As a group, equities research analysts forecast that Wintrust Financial Corporation will post 13.04 EPS for the current year.
Wintrust Financial Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, August 6th. Wintrust Financial’s dividend payout ratio is 17.67%.
Wintrust Financial Company Profile
Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.
The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.
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