3,860 Shares in Wintrust Financial Co. (NASDAQ:WTFC) Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. purchased a new position in Wintrust Financial Co. (NASDAQ:WTFCGet Rating) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,860 shares of the bank’s stock, valued at approximately $315,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pinebridge Investments L.P. lifted its position in Wintrust Financial by 307.0% during the second quarter. Pinebridge Investments L.P. now owns 407 shares of the bank’s stock valued at $33,000 after buying an additional 307 shares during the period. CoreCap Advisors LLC purchased a new position in Wintrust Financial during the second quarter valued at $76,000. Trust Co. of Vermont purchased a new position in Wintrust Financial during the second quarter valued at $80,000. Convergence Investment Partners LLC purchased a new position in Wintrust Financial during the second quarter valued at $125,000. Finally, Captrust Financial Advisors raised its position in shares of Wintrust Financial by 18.2% in the 2nd quarter. Captrust Financial Advisors now owns 2,100 shares of the bank’s stock worth $168,000 after purchasing an additional 324 shares during the last quarter. Hedge funds and other institutional investors own 89.47% of the company’s stock.

Wintrust Financial Trading Up 0.4 %

Wintrust Financial stock opened at $87.66 on Friday. The business has a 50-day simple moving average of $86.80 and a two-hundred day simple moving average of $86.32. The company has a market cap of $5.33 billion, a P/E ratio of 11.93, a P/E/G ratio of 0.47 and a beta of 1.19. Wintrust Financial Co. has a 52-week low of $76.13 and a 52-week high of $105.56. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.82.

Wintrust Financial (NASDAQ:WTFCGet Rating) last announced its quarterly earnings data on Tuesday, October 18th. The bank reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.10. The company had revenue of $502.93 million during the quarter, compared to the consensus estimate of $497.95 million. Wintrust Financial had a return on equity of 11.10% and a net margin of 23.23%. The firm’s revenue was up 18.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.77 EPS. Analysts predict that Wintrust Financial Co. will post 8.42 EPS for the current year.

Wintrust Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 25th. Investors of record on Thursday, November 10th were paid a dividend of $0.34 per share. The ex-dividend date was Wednesday, November 9th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.55%. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.50%.

Insider Activity at Wintrust Financial

In related news, CFO David L. Stoehr sold 2,215 shares of the business’s stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $92.45, for a total value of $204,776.75. Following the transaction, the chief financial officer now directly owns 11,266 shares of the company’s stock, valued at approximately $1,041,541.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.41% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

WTFC has been the subject of several recent analyst reports. UBS Group lifted their price target on Wintrust Financial to $100.00 in a research report on Wednesday, November 16th. Raymond James lifted their price target on Wintrust Financial from $111.00 to $118.00 and gave the stock a “strong-buy” rating in a research report on Thursday, October 20th. DA Davidson reaffirmed a “buy” rating on shares of Wintrust Financial in a research report on Wednesday, December 21st. Piper Sandler lifted their price objective on Wintrust Financial from $107.00 to $121.00 and gave the stock an “overweight” rating in a report on Thursday, October 20th. Finally, StockNews.com downgraded Wintrust Financial from a “buy” rating to a “hold” rating in a report on Saturday, November 19th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $109.63.

Wintrust Financial Company 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.

Further Reading

Want to see what other hedge funds are holding WTFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wintrust Financial Co. (NASDAQ:WTFCGet Rating).

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

Receive News & Ratings for Wintrust Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wintrust Financial and related companies with MarketBeat.com's FREE daily email newsletter.