Entropy Technologies LP Takes $534,000 Position in Wintrust Financial Corporation $WTFC

Entropy Technologies LP acquired a new stake in shares of Wintrust Financial Corporation (NASDAQ:WTFCFree Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,843 shares of the bank’s stock, valued at approximately $534,000.

Several other large investors also recently bought and sold shares of WTFC. Norges Bank purchased a new position in Wintrust Financial in the 4th quarter worth about $111,924,000. Wellington Management Group LLP bought a new stake in shares of Wintrust Financial in the third quarter worth approximately $90,187,000. Artemis Investment Management LLP bought a new stake in shares of Wintrust Financial in the fourth quarter worth approximately $59,287,000. First Trust Advisors LP lifted its position in Wintrust Financial by 26.6% during the first quarter. First Trust Advisors LP now owns 1,830,268 shares of the bank’s stock valued at $254,297,000 after purchasing an additional 385,069 shares during the period. Finally, Vaughan Nelson Investment Management L.P. bought a new position in Wintrust Financial during the first quarter valued at approximately $34,272,000. 93.48% of the stock is currently owned by institutional investors.

Wintrust Financial Trading Down 1.2%

Shares of Wintrust Financial stock opened at $159.21 on Thursday. Wintrust Financial Corporation has a 1-year low of $119.61 and a 1-year high of $167.21. The company’s fifty day simple moving average is $157.17 and its 200-day simple moving average is $149.79. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97. The stock has a market capitalization of $10.74 billion, a PE ratio of 12.79 and a beta of 0.84.

Wintrust Financial (NASDAQ:WTFCGet Free Report) last posted its quarterly earnings data on Monday, July 20th. The bank reported $3.30 EPS for the quarter, topping the consensus estimate of $3.15 by $0.15. The firm had revenue of $738.63 million during the quarter, compared to analyst estimates of $735.36 million. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.Wintrust Financial’s revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.78 EPS. As a group, equities analysts anticipate that Wintrust Financial Corporation will post 13.04 earnings per share for the current year.

Wintrust Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. Wintrust Financial’s dividend payout ratio (DPR) is 17.67%.

Insider Activity at Wintrust Financial

In other news, Director Suzet M. Mckinney sold 500 shares of Wintrust Financial stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $148.96, for a total transaction of $74,480.00. Following the transaction, the director directly owned 3,303 shares of the company’s stock, valued at $492,014.88. The trade was a 13.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.24% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on WTFC shares. UBS Group reaffirmed a “neutral” rating and issued a $170.00 target price on shares of Wintrust Financial in a research report on Tuesday, July 7th. TD Cowen dropped their price target on Wintrust Financial from $184.00 to $183.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Capital One Financial set a $170.00 price objective on Wintrust Financial in a report on Tuesday, July 21st. Barclays upped their price objective on Wintrust Financial from $190.00 to $192.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Finally, DA Davidson increased their target price on Wintrust Financial from $185.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $177.77.

Get Our Latest Report on WTFC

About Wintrust Financial

(Free Report)

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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Institutional Ownership by Quarter for Wintrust Financial (NASDAQ:WTFC)

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