Cetera Investment Advisers Has $1.97 Million Stock Position in Wintrust Financial Co. (NASDAQ:WTFC)

Cetera Investment Advisers boosted its position in Wintrust Financial Co. (NASDAQ:WTFC) by 15.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 15,790 shares of the bank’s stock after purchasing an additional 2,132 shares during the period. Cetera Investment Advisers’ holdings in Wintrust Financial were worth $1,969,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of WTFC. Brevan Howard Capital Management LP bought a new position in shares of Wintrust Financial during the fourth quarter worth approximately $1,076,000. Beverly Hills Private Wealth LLC bought a new position in shares of Wintrust Financial during the fourth quarter worth approximately $258,000. Bank of America Corp DE increased its holdings in shares of Wintrust Financial by 55.6% during the fourth quarter. Bank of America Corp DE now owns 897,932 shares of the bank’s stock worth $111,981,000 after purchasing an additional 320,954 shares during the period. Alyeska Investment Group L.P. bought a new position in shares of Wintrust Financial during the fourth quarter worth approximately $51,754,000. Finally, Aptus Capital Advisors LLC bought a new position in shares of Wintrust Financial during the fourth quarter worth approximately $7,619,000. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Trading Down 0.2%

Shares of NASDAQ WTFC opened at $122.05 on Tuesday. Wintrust Financial Co. has a 1 year low of $89.10 and a 1 year high of $142.04. The stock has a market cap of $8.17 billion, a P/E ratio of 11.84 and a beta of 0.81. The firm has a 50-day moving average of $110.14 and a 200 day moving average of $122.11. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.00.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Monday, April 21st. The bank reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.17. The business had revenue of $643.11 million during the quarter, compared to analysts’ expectations of $643.11 million. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same period in the previous year, the company earned $2.89 earnings per share. As a group, sell-side analysts expect that Wintrust Financial Co. will post 10.36 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be issued a $0.50 dividend. The ex-dividend date is Thursday, May 8th. This represents a $2.00 annualized dividend and a yield of 1.64%. Wintrust Financial’s dividend payout ratio (DPR) is presently 19.78%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on WTFC shares. Barclays lifted their price objective on shares of Wintrust Financial from $138.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, April 23rd. Piper Sandler reaffirmed an “above average” rating on shares of Wintrust Financial in a research note on Wednesday, April 23rd. DA Davidson decreased their target price on shares of Wintrust Financial from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. Hovde Group boosted their target price on shares of Wintrust Financial from $107.00 to $115.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 23rd. Finally, StockNews.com raised shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, April 29th. Three 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 stock. According to data from MarketBeat, Wintrust Financial currently has an average rating of “Moderate Buy” and an average target price of $133.54.

Wintrust Financial Company 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.