Wintrust Financial Co. (NASDAQ:WTFC) Position Trimmed by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. trimmed its stake in Wintrust Financial Co. (NASDAQ:WTFCGet Rating) by 6.6% in the first quarter, Holdings Channel.com reports. The firm owned 2,746 shares of the bank’s stock after selling 194 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Wintrust Financial were worth $255,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. UMB Bank N A MO purchased a new position in Wintrust Financial in the fourth quarter valued at about $30,000. Quadrant Capital Group LLC increased its holdings in Wintrust Financial by 31.8% in the first quarter. Quadrant Capital Group LLC now owns 730 shares of the bank’s stock worth $68,000 after buying an additional 176 shares during the last quarter. Inspire Investing LLC acquired a new stake in Wintrust Financial in the first quarter valued at approximately $234,000. Wintrust Investments LLC grew its position in Wintrust Financial by 4.9% in the first quarter. Wintrust Investments LLC now owns 2,708 shares of the bank’s stock worth $252,000 after acquiring an additional 127 shares in the last quarter. Finally, Gotham Asset Management LLC acquired a new position in shares of Wintrust Financial during the 4th quarter worth $264,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Trading Down 0.6 %

Shares of WTFC stock opened at $83.67 on Tuesday. The firm has a market capitalization of $5.08 billion, a P/E ratio of 12.11, a price-to-earnings-growth ratio of 0.61 and a beta of 1.24. Wintrust Financial Co. has a 1 year low of $72.10 and a 1 year high of $105.56. The firm’s fifty day simple moving average is $84.58 and its 200 day simple moving average is $87.91. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.54.

Wintrust Financial (NASDAQ:WTFCGet Rating) last posted its quarterly earnings data on Wednesday, July 20th. The bank reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.21). Wintrust Financial had a return on equity of 10.43% and a net margin of 22.78%. During the same quarter in the prior year, the company posted $1.70 EPS. As a group, sell-side analysts predict that Wintrust Financial Co. will post 8.02 EPS for the current year.

Wintrust Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Wednesday, August 10th. Wintrust Financial’s payout ratio is presently 19.68%.

Analyst Ratings Changes

A number of brokerages recently issued reports on WTFC. DA Davidson reiterated a “buy” rating on shares of Wintrust Financial in a report on Wednesday, July 27th. Raymond James cut their price objective on Wintrust Financial from $130.00 to $111.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, June 29th. Truist Financial upped their target price on Wintrust Financial to $100.00 in a research report on Monday, July 25th. Wedbush increased their price target on Wintrust Financial from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, July 21st. Finally, Jefferies Financial Group reduced their price objective on shares of Wintrust Financial from $109.00 to $96.00 in a research note on Monday, July 11th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Wintrust Financial currently has an average rating of “Moderate Buy” and an average target price of $103.38.

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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