SG Americas Securities LLC Purchases 11,509 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

SG Americas Securities LLC lifted its holdings in Wintrust Financial Co. (NASDAQ:WTFCGet Rating) by 191.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,515 shares of the bank’s stock after acquiring an additional 11,509 shares during the quarter. SG Americas Securities LLC’s holdings in Wintrust Financial were worth $1,628,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Wintrust Financial by 23.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,070 shares of the bank’s stock valued at $642,000 after buying an additional 1,324 shares during the last quarter. Keybank National Association OH bought a new stake in shares of Wintrust Financial during the fourth quarter worth approximately $1,001,000. CIBC Private Wealth Group LLC increased its holdings in Wintrust Financial by 3.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 6,576 shares of the bank’s stock valued at $597,000 after purchasing an additional 200 shares during the last quarter. American Trust bought a new position in Wintrust Financial during the fourth quarter worth about $476,000. Finally, American Century Companies Inc. raised its stake in shares of Wintrust Financial by 6.9% in the 4th quarter. American Century Companies Inc. now owns 372,801 shares of the bank’s stock valued at $33,858,000 after purchasing an additional 24,023 shares during the period. 89.71% of the stock is currently owned by institutional investors.

Wintrust Financial Trading Down 0.7 %

WTFC opened at $85.81 on Wednesday. Wintrust Financial Co. has a fifty-two week low of $68.99 and a fifty-two week high of $105.56. The firm has a market capitalization of $5.21 billion, a PE ratio of 12.42, a P/E/G ratio of 0.64 and a beta of 1.28. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.97 and a quick ratio of 0.96. The company’s 50-day moving average is $82.85 and its 200 day moving average is $90.39.

Wintrust Financial (NASDAQ:WTFCGet Rating) last issued its quarterly earnings data on Wednesday, July 20th. The bank reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.21). Wintrust Financial had a net margin of 22.78% and a return on equity of 10.43%. During the same period in the prior year, the firm earned $1.70 EPS. As a group, research analysts predict that Wintrust Financial Co. will post 7.86 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 26th. Stockholders of record on Thursday, May 12th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date was Wednesday, May 11th. Wintrust Financial’s dividend payout ratio is currently 19.68%.

Wall Street Analysts Forecast Growth

WTFC has been the topic of several recent research reports. Wedbush lifted their price target on shares of Wintrust Financial from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, July 21st. StockNews.com began coverage on shares of Wintrust Financial in a report on Thursday, March 31st. They set a “hold” rating for the company. Jefferies Financial Group lowered their target price on Wintrust Financial from $109.00 to $96.00 in a research note on Monday, July 11th. Truist Financial raised their price objective on Wintrust Financial to $100.00 in a research note on Monday. Finally, Piper Sandler boosted their target price on shares of Wintrust Financial to $107.00 in a research report on Friday, July 22nd. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $104.38.

Wintrust Financial Profile

(Get Rating)

Wintrust Financial Corporation operates as a financial holding company. 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), online and mobile banking, and other services.

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Institutional Ownership by Quarter for Wintrust Financial (NASDAQ:WTFC)

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