Citadel Advisors LLC increased its holdings in shares of Wintrust Financial Corp (NASDAQ:WTFC) by 16.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 48,621 shares of the bank’s stock after purchasing an additional 6,844 shares during the period. Citadel Advisors LLC’s holdings in Wintrust Financial were worth $4,005,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Cerebellum GP LLC acquired a new position in shares of Wintrust Financial during the 4th quarter worth about $126,000. Meeder Asset Management Inc. acquired a new position in shares of Wintrust Financial during the 3rd quarter worth about $183,000. Trust Co. of Toledo NA OH acquired a new position in shares of Wintrust Financial during the 4th quarter worth about $200,000. Magnetar Financial LLC acquired a new position in shares of Wintrust Financial during the 3rd quarter worth about $204,000. Finally, Csenge Advisory Group acquired a new position in shares of Wintrust Financial during the 3rd quarter worth about $212,000. 91.55% of the stock is owned by institutional investors and hedge funds.
In other news, CFO David L. Stoehr sold 5,268 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $87.59, for a total value of $461,424.12. Following the sale, the chief financial officer now directly owns 11,347 shares in the company, valued at approximately $993,883.73. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP David A. Dykstra sold 11,235 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $87.56, for a total value of $983,736.60. Following the completion of the sale, the executive vice president now owns 39,365 shares in the company, valued at $3,446,799.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,676 shares of company stock valued at $2,687,566. Insiders own 2.00% of the company’s stock.
Several equities analysts recently weighed in on the company. FIG Partners raised Wintrust Financial from a “market perform” rating to an “outperform” rating in a research report on Friday, February 9th. Zacks Investment Research cut Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. BidaskClub cut Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Hovde Group reissued a “market perform” rating and set a $90.00 price objective (up previously from $85.00) on shares of Wintrust Financial in a research report on Thursday, February 8th. Finally, DA Davidson boosted their price objective on Wintrust Financial to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $88.67.
Wintrust Financial Corp (NASDAQ:WTFC) opened at $86.17 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $4,755.36, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 1.14 and a beta of 0.85. Wintrust Financial Corp has a twelve month low of $64.14 and a twelve month high of $89.34.
Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Monday, January 22nd. The bank reported $1.17 EPS for the quarter, beating the consensus estimate of $1.13 by $0.04. The firm had revenue of $300.14 million during the quarter, compared to analysts’ expectations of $299.47 million. Wintrust Financial had a return on equity of 9.49% and a net margin of 20.35%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.94 EPS. equities research analysts expect that Wintrust Financial Corp will post 5.52 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th were issued a $0.19 dividend. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.14. The ex-dividend date was Wednesday, February 7th. This represents a $0.76 annualized dividend and a yield of 0.88%. Wintrust Financial’s dividend payout ratio is 17.27%.
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About Wintrust Financial
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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