Wintrust Financial Corporation $WTFC Stake Boosted by Princeton Capital Management LLC

Princeton Capital Management LLC raised its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 19.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,072 shares of the bank’s stock after purchasing an additional 500 shares during the period. Princeton Capital Management LLC’s holdings in Wintrust Financial were worth $381,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Wintrust Financial by 7.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,426 shares of the bank’s stock valued at $273,000 after buying an additional 165 shares during the period. OneDigital Investment Advisors LLC lifted its holdings in Wintrust Financial by 9.7% in the first quarter. OneDigital Investment Advisors LLC now owns 5,629 shares of the bank’s stock worth $633,000 after acquiring an additional 499 shares during the last quarter. World Investment Advisors boosted its stake in Wintrust Financial by 24.3% in the first quarter. World Investment Advisors now owns 4,086 shares of the bank’s stock valued at $460,000 after acquiring an additional 799 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Wintrust Financial by 43.3% during the first quarter. Envestnet Asset Management Inc. now owns 349,983 shares of the bank’s stock valued at $39,359,000 after purchasing an additional 105,754 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its position in shares of Wintrust Financial by 2.6% during the 1st quarter. Crossmark Global Holdings Inc. now owns 5,823 shares of the bank’s stock worth $655,000 after purchasing an additional 147 shares during the period. 93.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on WTFC shares. Keefe, Bruyette & Woods boosted their price target on shares of Wintrust Financial from $130.00 to $138.00 and gave the company a “market perform” rating in a report on Wednesday, July 23rd. Cowen reaffirmed a “buy” rating on shares of Wintrust Financial in a research note on Wednesday, October 22nd. DA Davidson reissued a “buy” rating and issued a $158.00 price objective on shares of Wintrust Financial in a research note on Tuesday, October 21st. TD Cowen initiated coverage on Wintrust Financial in a research note on Thursday, September 25th. They set a “buy” rating and a $166.00 target price for the company. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $161.00 target price (up from $160.00) on shares of Wintrust Financial in a report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $152.92.

Wintrust Financial Stock Down 0.8%

Wintrust Financial stock opened at $128.68 on Friday. Wintrust Financial Corporation has a twelve month low of $89.10 and a twelve month high of $142.04. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $8.62 billion, a PE ratio of 11.83 and a beta of 0.91. The firm’s 50 day moving average price is $131.81 and its two-hundred day moving average price is $126.53.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Thursday, November 6th. The bank reported $3.06 EPS for the quarter. Wintrust Financial had a net margin of 18.85% and a return on equity of 13.05%. The business had revenue of $1.26 billion for the quarter. On average, research analysts predict that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.6%. Wintrust Financial’s dividend payout ratio (DPR) is 18.38%.

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.