Deutsche Bank AG Boosts Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

Deutsche Bank AG lifted its position in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 3.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,319 shares of the bank’s stock after buying an additional 273 shares during the period. Deutsche Bank AG’s holdings in Wintrust Financial were worth $1,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp lifted its stake in Wintrust Financial by 4,145.2% during the fourth quarter. Fifth Third Bancorp now owns 13,330 shares of the bank’s stock worth $1,662,000 after purchasing an additional 13,016 shares in the last quarter. KBC Group NV raised its holdings in shares of Wintrust Financial by 1,412.8% in the 4th quarter. KBC Group NV now owns 30,393 shares of the bank’s stock valued at $3,790,000 after buying an additional 28,384 shares during the period. Entropy Technologies LP acquired a new position in Wintrust Financial during the 4th quarter worth about $499,000. Atria Investments Inc lifted its stake in Wintrust Financial by 34.5% during the 4th quarter. Atria Investments Inc now owns 10,926 shares of the bank’s stock worth $1,363,000 after acquiring an additional 2,804 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new position in Wintrust Financial during the 4th quarter valued at about $263,000. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wintrust Financial Stock Down 0.4%

NASDAQ:WTFC opened at $118.21 on Monday. The business’s fifty day moving average price is $110.82 and its 200 day moving average price is $122.04. The firm has a market capitalization of $7.91 billion, a price-to-earnings ratio of 11.47 and a beta of 0.81. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. Wintrust Financial Co. has a 1-year low of $89.10 and a 1-year high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Monday, April 21st. The bank reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.17. The firm had revenue of $643.11 million during the quarter, compared to analysts’ expectations of $643.11 million. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same quarter last year, the firm earned $2.89 earnings per share. On average, sell-side analysts forecast that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, May 8th. This represents a $2.00 dividend on an annualized basis and a yield of 1.69%. Wintrust Financial’s dividend payout ratio is currently 19.78%.

Analyst Ratings Changes

Several brokerages have recently issued reports on WTFC. Piper Sandler reiterated an “above average” rating on shares of Wintrust Financial in a research note on Wednesday, April 23rd. Royal Bank of Canada decreased their price target on shares of Wintrust Financial from $152.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. Stephens lowered their price target on shares of Wintrust Financial from $145.00 to $132.00 and set an “overweight” rating for the company in a report on Wednesday, April 23rd. Jefferies Financial Group set a $145.00 price objective on shares of Wintrust Financial and gave the company a “buy” rating in a research report on Wednesday, May 21st. Finally, Truist Financial decreased their price objective on shares of Wintrust Financial from $150.00 to $137.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $135.77.

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.