Ceredex Value Advisors LLC bought a new stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 81,975 shares of the bank’s stock, valued at approximately $13,175,000. Ceredex Value Advisors LLC owned about 0.12% of Wintrust Financial as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in WTFC. F m Investments LLC raised its position in shares of Wintrust Financial by 61.6% in the 4th quarter. F m Investments LLC now owns 70,857 shares of the bank’s stock worth $9,907,000 after purchasing an additional 27,013 shares during the last quarter. Westfield Capital Management Co. LP grew its position in Wintrust Financial by 22.5% during the 4th quarter. Westfield Capital Management Co. LP now owns 559,762 shares of the bank’s stock valued at $78,266,000 after purchasing an additional 102,798 shares during the last quarter. Artemis Investment Management LLP purchased a new stake in Wintrust Financial during the 4th quarter valued at about $59,287,000. Horizon Investments LLC increased its stake in Wintrust Financial by 79.8% during the 4th quarter. Horizon Investments LLC now owns 33,287 shares of the bank’s stock valued at $4,654,000 after purchasing an additional 14,776 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in Wintrust Financial by 1,239.7% during the 1st quarter. Empowered Funds LLC now owns 18,796 shares of the bank’s stock valued at $2,612,000 after purchasing an additional 17,393 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.
Wintrust Financial Stock Performance
Shares of WTFC opened at $152.61 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97. Wintrust Financial Corporation has a one year low of $119.61 and a one year high of $167.21. The firm has a market capitalization of $10.30 billion, a P/E ratio of 12.26 and a beta of 0.85. The business has a fifty day moving average of $159.92 and a 200 day moving average of $151.31.
Wintrust Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Thursday, August 6th. Wintrust Financial’s dividend payout ratio is 17.67%.
Insider Buying and Selling at Wintrust Financial
In related news, COO David A. Dykstra sold 13,515 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $162.77, for a total value of $2,199,836.55. Following the transaction, the chief operating officer owned 166,449 shares of the company’s stock, valued at approximately $27,092,903.73. This trade represents a 7.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.24% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. TD Cowen dropped their target price on shares of Wintrust Financial from $184.00 to $183.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Truist Financial boosted their price objective on shares of Wintrust Financial from $170.00 to $183.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Citigroup downgraded Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Raymond James Financial began coverage on Wintrust Financial in a report on Tuesday, July 7th. They issued an “outperform” rating and a $180.00 target price for the company. Finally, Piper Sandler set a $186.00 price target on Wintrust Financial in a research note on Wednesday, July 22nd. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $177.77.
Read Our Latest Analysis on WTFC
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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