Canada Pension Plan Investment Board boosted its stake in Wintrust Financial Corp (NASDAQ:WTFC) by 25.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 99,200 shares of the bank’s stock after acquiring an additional 20,100 shares during the period. Canada Pension Plan Investment Board’s holdings in Wintrust Financial were worth $8,426,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in WTFC. Millennium Management LLC raised its position in shares of Wintrust Financial by 741.4% in the second quarter. Millennium Management LLC now owns 1,523,131 shares of the bank’s stock valued at $132,589,000 after purchasing an additional 1,342,106 shares during the period. Citadel Advisors LLC raised its position in shares of Wintrust Financial by 7,576.1% in the second quarter. Citadel Advisors LLC now owns 300,749 shares of the bank’s stock valued at $26,180,000 after purchasing an additional 296,831 shares during the period. Segall Bryant & Hamill LLC raised its position in shares of Wintrust Financial by 2,766.3% in the second quarter. Segall Bryant & Hamill LLC now owns 186,453 shares of the bank’s stock valued at $16,231,000 after purchasing an additional 179,948 shares during the period. Advisors Asset Management Inc. raised its position in shares of Wintrust Financial by 1,386.6% in the second quarter. Advisors Asset Management Inc. now owns 192,609 shares of the bank’s stock valued at $1,509,000 after purchasing an additional 179,653 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of Wintrust Financial by 19.7% in the third quarter. Alliancebernstein L.P. now owns 1,073,793 shares of the bank’s stock valued at $91,208,000 after purchasing an additional 176,392 shares during the period. 88.04% of the stock is currently owned by institutional investors and hedge funds.
Wintrust Financial stock opened at $71.85 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.98 and a current ratio of 0.99. The company has a market cap of $4.13 billion, a P/E ratio of 16.33, a PEG ratio of 0.89 and a beta of 0.86. Wintrust Financial Corp has a 1-year low of $70.97 and a 1-year high of $99.96.
Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Wednesday, October 17th. The bank reported $1.57 earnings per share for the quarter, topping the Zacks’ 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%. Wintrust Financial’s revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.12 EPS. Research analysts expect that Wintrust Financial Corp will post 6.06 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 23rd. Investors of record on Thursday, November 8th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend was Wednesday, November 7th. Wintrust Financial’s dividend payout ratio (DPR) is presently 17.27%.
WTFC has been the topic of several research reports. BidaskClub lowered shares of Wintrust Financial from a “sell” rating to a “strong sell” rating in a research report on Friday, August 31st. Zacks Investment Research lowered shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Saturday, September 29th. FIG Partners raised 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 report on Tuesday, October 2nd. Stephens raised shares of Wintrust Financial from an “equal” rating to a “weight” rating in a report on Monday, October 15th. Finally, DA Davidson raised shares of Wintrust Financial from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $98.00 to $95.00 in a report on Friday, October 19th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $95.00.
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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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