Profund Advisors LLC Has $283,000 Stake in Wintrust Financial Co. (NASDAQ:WTFC)

Profund Advisors LLC reduced its position in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 12.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,874 shares of the bank’s stock after selling 412 shares during the period. Profund Advisors LLC’s holdings in Wintrust Financial were worth $283,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Wintrust Financial by 11.7% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 866 shares of the bank’s stock worth $85,000 after buying an additional 91 shares in the last quarter. Shaker Investments LLC OH raised its stake in Wintrust Financial by 0.3% in the 1st quarter. Shaker Investments LLC OH now owns 34,256 shares of the bank’s stock worth $3,576,000 after purchasing an additional 112 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in Wintrust Financial by 1.4% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 10,304 shares of the bank’s stock worth $1,016,000 after purchasing an additional 145 shares in the last quarter. Inspire Investing LLC boosted its holdings in Wintrust Financial by 4.4% in the 2nd quarter. Inspire Investing LLC now owns 3,574 shares of the bank’s stock valued at $352,000 after purchasing an additional 151 shares during the period. Finally, Oliver Luxxe Assets LLC grew its position in shares of Wintrust Financial by 1.7% during the 1st quarter. Oliver Luxxe Assets LLC now owns 9,290 shares of the bank’s stock worth $970,000 after purchasing an additional 157 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors.

Wintrust Financial Stock Performance

Shares of Wintrust Financial stock opened at $106.55 on Friday. The company’s 50 day moving average price is $104.71 and its two-hundred day moving average price is $100.91. The firm has a market capitalization of $7.09 billion, a P/E ratio of 11.02 and a beta of 1.16. Wintrust Financial Co. has a fifty-two week low of $71.86 and a fifty-two week high of $113.68. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.99 and a quick ratio of 0.99.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Wednesday, July 17th. The bank reported $2.32 earnings per share for the quarter, missing the consensus estimate of $2.42 by ($0.10). The firm had revenue of $591.76 million for the quarter, compared to analyst estimates of $587.33 million. Wintrust Financial had a net margin of 17.02% and a return on equity of 12.71%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business earned $2.38 EPS. On average, equities analysts forecast that Wintrust Financial Co. will post 10.12 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Thursday, August 8th. Wintrust Financial’s dividend payout ratio is currently 18.61%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on WTFC shares. DA Davidson boosted their price target on Wintrust Financial from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Truist Financial increased their target price on Wintrust Financial from $118.00 to $123.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Jefferies Financial Group dropped their price target on Wintrust Financial from $118.00 to $116.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Keefe, Bruyette & Woods downgraded shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $110.00 to $115.00 in a research note on Friday, July 19th. Finally, Wedbush boosted their target price on shares of Wintrust Financial from $115.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.23.

About Wintrust Financial

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.