Hsbc Holdings PLC boosted its stake in shares of Wintrust Financial Corp (NASDAQ:WTFC) by 68.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 96,191 shares of the bank’s stock after buying an additional 38,993 shares during the quarter. Hsbc Holdings PLC owned 0.17% of Wintrust Financial worth $8,169,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. First Hawaiian Bank acquired a new position in Wintrust Financial during the third quarter worth about $101,000. Moneta Group Investment Advisors LLC grew its position in Wintrust Financial by 99.4% during the second quarter. Moneta Group Investment Advisors LLC now owns 1,705 shares of the bank’s stock worth $148,000 after buying an additional 850 shares during the period. Cornerstone Wealth Management LLC acquired a new position in Wintrust Financial during the second quarter worth about $171,000. Commonwealth Bank of Australia acquired a new position in Wintrust Financial during the third quarter worth about $246,000. Finally, Paulson Wealth Management Inc. acquired a new position in Wintrust Financial during the third quarter worth about $259,000. Institutional investors own 88.04% of the company’s stock.
Several research analysts have weighed in on WTFC shares. DA Davidson upgraded shares of Wintrust Financial from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $98.00 to $95.00 in a research report on Friday, October 19th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research report on Tuesday, October 23rd. BidaskClub upgraded shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research report on Thursday, October 11th. Royal Bank of Canada upped their target price on shares of Wintrust Financial to $92.00 and gave the stock an “outperform” rating in a research report on Friday, October 19th. Finally, FIG Partners upgraded shares of Wintrust Financial from a “market perform” rating to an “outperform” rating and set a $99.00 target price on the stock in a research report on Tuesday, October 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Wintrust Financial presently has a consensus rating of “Buy” and a consensus price target of $95.00.
WTFC stock opened at $73.18 on Thursday. The company has a market capitalization of $4.36 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 0.94 and a beta of 0.86. Wintrust Financial Corp has a 12 month low of $72.14 and a 12 month high of $99.96. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.45.
Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Wednesday, October 17th. The bank reported $1.57 EPS for the quarter, beating the consensus estimate of $1.54 by $0.03. The business had revenue of $347.49 million for the quarter, compared to analyst estimates of $342.18 million. Wintrust Financial had a net margin of 22.70% and a return on equity of 11.27%. The company’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.12 earnings per share. Equities analysts anticipate that Wintrust Financial Corp will post 6.06 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 23rd. Stockholders of record on Thursday, November 8th were given a $0.19 dividend. The ex-dividend date was Wednesday, November 7th. This represents a $0.76 annualized dividend and a dividend yield of 1.04%. Wintrust Financial’s dividend payout ratio is presently 17.27%.
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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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