Assenagon Asset Management S.A. boosted its position in Wintrust Financial Corp (NASDAQ:WTFC) by 4.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,182 shares of the bank’s stock after purchasing an additional 1,490 shares during the quarter. Assenagon Asset Management S.A. owned about 0.06% of Wintrust Financial worth $2,818,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. increased its stake in shares of Wintrust Financial by 2.1% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 42,431 shares of the bank’s stock worth $3,604,000 after acquiring an additional 874 shares during the last quarter. Congress Asset Management Co. MA increased its stake in shares of Wintrust Financial by 11.8% in the 3rd quarter. Congress Asset Management Co. MA now owns 8,913 shares of the bank’s stock worth $757,000 after acquiring an additional 940 shares during the last quarter. Paulson Wealth Management Inc. acquired a new stake in shares of Wintrust Financial in the 3rd quarter worth $259,000. Waratah Capital Advisors Ltd. acquired a new stake in shares of Wintrust Financial in the 3rd quarter worth $889,000. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in shares of Wintrust Financial in the 3rd quarter worth $938,000. 87.54% of the stock is owned by hedge funds and other institutional investors.
WTFC has been the subject of a number of recent research reports. BidaskClub downgraded Wintrust Financial from a “sell” rating to a “strong sell” rating in a research note on Friday, August 31st. Royal Bank of Canada raised their target price on Wintrust Financial to $92.00 and gave the stock an “outperform” rating in a research note on Friday, October 19th. FIG Partners raised Wintrust Financial from a “market perform” rating to an “outperform” rating and set a $99.00 target price for the company in a research note on Tuesday, October 2nd. Zacks Investment Research downgraded Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Saturday, September 29th. Finally, Raymond James cut their target price on Wintrust Financial from $100.00 to $96.00 and set a “strong-buy” rating for the company in a research note on Friday, October 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Wintrust Financial currently has a consensus rating of “Buy” and an average target price of $95.27.
NASDAQ WTFC opened at $77.86 on Wednesday. The firm has a market cap of $4.36 billion, a PE ratio of 17.70, a price-to-earnings-growth ratio of 0.95 and a beta of 0.87. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.99 and a quick ratio of 0.98. Wintrust Financial Corp has a twelve month low of $72.17 and a twelve month high of $99.96.
Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Wednesday, October 17th. The bank reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.03. The business had revenue of $347.49 million during the quarter, compared to analysts’ expectations of $342.18 million. Wintrust Financial had a return on equity of 11.27% and a net margin of 22.70%. The company’s revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.12 EPS. As a group, equities analysts expect that Wintrust Financial Corp will post 6.06 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 23rd. Stockholders of record on Thursday, November 8th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Wednesday, November 7th. Wintrust Financial’s dividend payout ratio is presently 17.27%.
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About Wintrust Financial
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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