Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 97.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,781 shares of the bank’s stock after purchasing an additional 1,864 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Wintrust Financial were worth $296,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Advisors Asset Management Inc. purchased a new stake in Wintrust Financial in the second quarter worth approximately $121,000. Meeder Asset Management Inc. bought a new stake in Wintrust Financial in the third quarter valued at approximately $183,000. Csenge Advisory Group bought a new stake in Wintrust Financial in the third quarter valued at approximately $212,000. Adviser Investments LLC bought a new stake in Wintrust Financial in the third quarter valued at approximately $214,000. Finally, Riverpoint Wealth Management Holdings LLC bought a new stake in Wintrust Financial in the second quarter valued at approximately $249,000. 91.71% of the stock is owned by institutional investors.
In other news, insider Leona A. Gleason sold 8,441 shares of the stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $80.78, for a total value of $681,863.98. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ingrid S. Stafford sold 1,405 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $80.63, for a total value of $113,285.15. Following the completion of the sale, the director now directly owns 20,746 shares in the company, valued at $1,672,749.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,500 shares of company stock valued at $3,563,512. 1.97% of the stock is owned by corporate insiders.
Several analysts have weighed in on WTFC shares. Hovde Group reiterated a “market perform” rating and issued a $80.00 price objective (up previously from $76.50) on shares of Wintrust Financial in a research report on Tuesday, August 8th. Jefferies Group restated a “hold” rating and set a $80.00 target price on shares of Wintrust Financial in a report on Friday, August 11th. ValuEngine upgraded Wintrust Financial from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Keefe, Bruyette & Woods restated a “buy” rating and set a $82.00 target price on shares of Wintrust Financial in a report on Tuesday, August 22nd. Finally, Zacks Investment Research downgraded Wintrust Financial from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $82.50.
Wintrust Financial Corporation (NASDAQ:WTFC) opened at $83.54 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $4,835.12, a price-to-earnings ratio of 20.73, a price-to-earnings-growth ratio of 1.46 and a beta of 0.83. Wintrust Financial Corporation has a twelve month low of $64.14 and a twelve month high of $86.80.
Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.04. The business had revenue of $295.70 million during the quarter, compared to the consensus estimate of $298.96 million. Wintrust Financial had a return on equity of 9.32% and a net margin of 19.74%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.92 earnings per share. equities analysts forecast that Wintrust Financial Corporation will post 4.38 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Thursday, November 9th were issued a $0.14 dividend. The ex-dividend date was Wednesday, November 8th. This represents a $0.56 dividend on an annualized basis and a yield of 0.67%. Wintrust Financial’s dividend payout ratio (DPR) is 13.43%.
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Wintrust Financial Company Profile
Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.
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