Rhumbline Advisers Raises Stock Position in Wintrust Financial Co. (NASDAQ:WTFC)

Rhumbline Advisers lifted its position in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 3.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,793 shares of the bank’s stock after acquiring an additional 6,461 shares during the quarter. Rhumbline Advisers owned 0.33% of Wintrust Financial worth $14,582,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of WTFC. Northwestern Mutual Wealth Management Co. raised its position in Wintrust Financial by 4.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,015 shares of the bank’s stock worth $255,000 after acquiring an additional 123 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Wintrust Financial by 6.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,048 shares of the bank’s stock worth $172,000 after purchasing an additional 126 shares during the last quarter. Advisor Group Holdings Inc. lifted its stake in Wintrust Financial by 3.4% in the 4th quarter. Advisor Group Holdings Inc. now owns 4,135 shares of the bank’s stock valued at $351,000 after buying an additional 135 shares in the last quarter. Quarry LP grew its holdings in Wintrust Financial by 36.1% during the 1st quarter. Quarry LP now owns 663 shares of the bank’s stock valued at $48,000 after buying an additional 176 shares during the last quarter. Finally, Belpointe Asset Management LLC increased its position in Wintrust Financial by 106.2% during the first quarter. Belpointe Asset Management LLC now owns 365 shares of the bank’s stock worth $27,000 after buying an additional 188 shares in the last quarter. Institutional investors and hedge funds own 92.00% of the company’s stock.

Wintrust Financial Stock Performance

Shares of NASDAQ:WTFC opened at $85.81 on Monday. The firm has a market capitalization of $5.25 billion, a PE ratio of 8.63 and a beta of 1.20. Wintrust Financial Co. has a 12 month low of $57.48 and a 12 month high of $95.97. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.98 and a quick ratio of 0.97. The business has a 50-day moving average of $76.57 and a two-hundred day moving average of $74.80.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Wednesday, October 18th. The bank reported $2.53 EPS for the quarter, beating the consensus estimate of $2.41 by $0.12. Wintrust Financial had a net margin of 20.73% and a return on equity of 14.14%. The firm had revenue of $574.84 million for the quarter, compared to analyst estimates of $570.01 million. During the same quarter last year, the firm posted $2.21 earnings per share. Wintrust Financial’s revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, research analysts forecast that Wintrust Financial Co. will post 10.19 earnings per share for the current year.

Wintrust Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Thursday, November 9th will be issued a $0.40 dividend. The ex-dividend date is Wednesday, November 8th. This represents a $1.60 annualized dividend and a yield of 1.86%. Wintrust Financial’s dividend payout ratio is currently 16.10%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WTFC. Royal Bank of Canada decreased their price objective on Wintrust Financial from $100.00 to $94.00 in a research note on Tuesday, October 10th. Truist Financial boosted their price objective on shares of Wintrust Financial from $86.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Raymond James decreased their target price on shares of Wintrust Financial from $100.00 to $95.00 and set a “strong-buy” rating on the stock in a research report on Thursday, October 19th. Wedbush reissued an “outperform” rating and set a $90.00 price target on shares of Wintrust Financial in a research note on Wednesday, October 18th. Finally, StockNews.com started coverage on Wintrust Financial in a research report on Thursday, October 5th. They issued a “hold” rating for the company. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $92.73.

Wintrust Financial Profile

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.