UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC – Free Report) by 10.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 171,220 shares of the bank’s stock after acquiring an additional 16,809 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Wintrust Financial were worth $27,518,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Wintrust Financial during the 2nd quarter worth approximately $27,000. Advisors Asset Management Inc. bought a new stake in Wintrust Financial in the 1st quarter valued at $27,000. Elyxium Wealth LLC bought a new stake in Wintrust Financial in the 4th quarter valued at $31,000. Creative Financial Designs Inc. ADV lifted its holdings in Wintrust Financial by 231.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock valued at $32,000 after purchasing an additional 160 shares during the last quarter. Finally, Harbour Investments Inc. lifted its holdings in Wintrust Financial by 72.7% during the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock valued at $34,000 after purchasing an additional 101 shares during the last quarter. Institutional investors own 93.48% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have commented on WTFC. TD Cowen reduced their price objective on shares of Wintrust Financial from $184.00 to $183.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Citigroup cut shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, July 21st. UBS Group reiterated a “neutral” rating and issued a $170.00 price target on shares of Wintrust Financial in a research note on Tuesday, July 7th. Barclays increased their price target on shares of Wintrust Financial from $190.00 to $192.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. Finally, Capital One Financial set a $170.00 price objective on shares of Wintrust Financial in a research report on Tuesday, July 21st. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.77.
Wintrust Financial Trading Up 0.9%
Shares of NASDAQ:WTFC opened at $153.52 on Friday. The business’s 50 day simple moving average is $158.91 and its 200 day simple moving average is $151.05. Wintrust Financial Corporation has a 1 year low of $119.61 and a 1 year high of $167.21. 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 company has a market capitalization of $10.36 billion, a P/E ratio of 12.33 and a beta of 0.84.
Wintrust Financial (NASDAQ:WTFC – Get Free Report) last announced its quarterly earnings data on Monday, July 20th. The bank reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.15. The firm had revenue of $738.63 million during the quarter, compared to analysts’ expectations of $735.36 million. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.78 EPS. On average, research analysts anticipate that Wintrust Financial Corporation will post 13.04 EPS for the current fiscal year.
Wintrust Financial Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, August 6th. Wintrust Financial’s payout ratio is 17.67%.
Insider Buying and Selling
In related news, COO David Dykstra sold 13,515 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $162.77, for a total value of $2,199,836.55. Following the completion of the transaction, the chief operating officer owned 166,449 shares of the company’s stock, valued at $27,092,903.73. The trade was a 7.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.24% of the stock is currently owned by company insiders.
About Wintrust Financial
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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