UMB Bank n.a. Buys 195 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

UMB Bank n.a. increased its stake in Wintrust Financial Co. (NASDAQ:WTFC) by 28.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 872 shares of the bank’s stock after purchasing an additional 195 shares during the period. UMB Bank n.a.’s holdings in Wintrust Financial were worth $98,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Wintrust Financial by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 6,911,488 shares of the bank’s stock valued at $861,932,000 after purchasing an additional 58,162 shares during the period. Earnest Partners LLC bought a new position in shares of Wintrust Financial during the fourth quarter worth about $163,767,000. First Trust Advisors LP raised its position in Wintrust Financial by 36.5% in the 4th quarter. First Trust Advisors LP now owns 1,263,837 shares of the bank’s stock valued at $157,613,000 after buying an additional 337,763 shares during the last quarter. Geode Capital Management LLC lifted its stake in Wintrust Financial by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 1,165,898 shares of the bank’s stock valued at $145,443,000 after acquiring an additional 10,172 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Wintrust Financial by 2.8% in the 4th quarter. Invesco Ltd. now owns 1,098,706 shares of the bank’s stock valued at $137,020,000 after acquiring an additional 29,967 shares in the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

Wintrust Financial Trading Down 0.7%

Shares of NASDAQ:WTFC opened at $120.10 on Friday. Wintrust Financial Co. has a 52-week low of $89.10 and a 52-week high of $142.04. The company has a market capitalization of $8.04 billion, a P/E ratio of 11.65 and a beta of 0.82. The company has a 50-day simple moving average of $113.63 and a 200 day simple moving average of $121.00. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01.

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 the consensus estimate of $2.52 by $0.17. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. The firm had revenue of $643.11 million for the quarter, compared to analyst estimates of $643.11 million. During the same quarter in the prior year, the company earned $2.89 earnings per share. Sell-side analysts forecast that Wintrust Financial Co. will post 10.36 earnings per share for the current year.

Wintrust Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Thursday, May 8th. Wintrust Financial’s dividend payout ratio is presently 19.78%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Stephens lowered their price objective on shares of Wintrust Financial from $145.00 to $132.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. Royal Bank of Canada reduced their target price on shares of Wintrust Financial from $152.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. Barclays lifted their price target 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. DA Davidson cut their price target on shares of Wintrust Financial from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Finally, Jefferies Financial Group set a $145.00 price objective on Wintrust Financial and gave the company a “buy” rating in a report on Wednesday, May 21st. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock 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.