The Manufacturers Life Insurance Company decreased its position in Wintrust Financial Corp (NASDAQ:WTFC) by 2.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 128,473 shares of the bank’s stock after selling 3,880 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.23% of Wintrust Financial worth $11,054,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Dearborn Partners LLC bought a new stake in shares of Wintrust Financial in the first quarter valued at approximately $211,000. Brown Advisory Inc. bought a new stake in shares of Wintrust Financial in the fourth quarter valued at approximately $213,000. Castleark Management LLC bought a new stake in shares of Wintrust Financial in the fourth quarter valued at approximately $231,000. JOYN Advisors Inc. bought a new stake in shares of Wintrust Financial in the fourth quarter valued at approximately $251,000. Finally, Zeke Capital Advisors LLC bought a new stake in shares of Wintrust Financial in the fourth quarter valued at approximately $296,000. 89.85% of the stock is currently owned by institutional investors.
Wintrust Financial opened at $88.34 on Thursday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.01 and a quick ratio of 1.00. Wintrust Financial Corp has a fifty-two week low of $67.74 and a fifty-two week high of $99.96. The firm has a market cap of $5.07 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 1.14 and a beta of 0.83.
Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, April 16th. The bank reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.12. Wintrust Financial had a return on equity of 10.00% and a net margin of 21.18%. The firm had revenue of $310.76 million during the quarter, compared to analysts’ expectations of $302.62 million. During the same period in the prior year, the company earned $1.00 earnings per share. The company’s quarterly revenue was up 18.9% on a year-over-year basis. analysts predict that Wintrust Financial Corp will post 5.87 EPS for the current fiscal year.
In other Wintrust Financial news, EVP Richard B. Murphy sold 1,795 shares of the company’s stock in a transaction on Friday, April 20th. The stock was sold at an average price of $90.99, for a total transaction of $163,327.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary D. Sweeney bought 330 shares of the business’s stock in a transaction on Thursday, April 19th. The shares were acquired at an average price of $90.59 per share, with a total value of $29,894.70. Following the completion of the purchase, the director now directly owns 3,345 shares of the company’s stock, valued at $303,023.55. The disclosure for this purchase can be found here. 1.57% of the stock is owned by corporate insiders.
WTFC has been the subject of several recent research reports. ValuEngine upgraded Wintrust Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. BidaskClub upgraded Wintrust Financial from a “hold” rating to a “buy” rating in a research note on Friday, March 9th. FIG Partners cut Wintrust Financial from an “outperform” rating to a “market perform” rating in a research note on Monday, March 12th. UBS Group initiated coverage on Wintrust Financial in a research note on Thursday, March 22nd. They issued a “neutral” rating and a $93.00 price target for the company. Finally, Zacks Investment Research upgraded Wintrust Financial from a “hold” rating to a “buy” rating and set a $95.00 price target for the company in a research note on Saturday, March 31st. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $92.70.
Wintrust Financial Profile
Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), Internet banking, and other services.
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