State of Alaska Department of Revenue Purchases 205 Shares of Wintrust Financial Corporation (NASDAQ:WTFC)

State of Alaska Department of Revenue increased its position in Wintrust Financial Corporation (NASDAQ:WTFC) by 2.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,788 shares of the bank’s stock after acquiring an additional 205 shares during the period. State of Alaska Department of Revenue’s holdings in Wintrust Financial were worth $875,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Wintrust Financial by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 6,911,488 shares of the bank’s stock worth $861,932,000 after acquiring an additional 58,162 shares during the period. Earnest Partners LLC purchased a new position in Wintrust Financial during the fourth quarter valued at $163,767,000. First Trust Advisors LP lifted its position in Wintrust Financial by 36.5% during the fourth quarter. First Trust Advisors LP now owns 1,263,837 shares of the bank’s stock valued at $157,613,000 after purchasing an additional 337,763 shares in the last quarter. Geode Capital Management LLC lifted its position in Wintrust Financial by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,165,898 shares of the bank’s stock valued at $145,443,000 after purchasing an additional 10,172 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Wintrust Financial by 2.8% during the fourth quarter. Invesco Ltd. now owns 1,098,706 shares of the bank’s stock valued at $137,020,000 after purchasing an additional 29,967 shares in the last quarter. Institutional investors own 93.48% of the company’s stock.

Analyst Ratings Changes

WTFC has been the topic of several analyst reports. Raymond James Financial set a $143.00 target price on Wintrust Financial and gave the company a “strong-buy” rating in a research report on Wednesday, April 23rd. DA Davidson lowered their price objective on Wintrust Financial from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Hovde Group boosted their price objective on Wintrust Financial from $107.00 to $115.00 and gave the company a “market perform” rating in a research report on Wednesday, April 23rd. Stephens lowered their price objective on Wintrust Financial from $145.00 to $132.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 23rd. Finally, Barclays boosted their price objective on Wintrust Financial from $138.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Wintrust Financial has a consensus rating of “Moderate Buy” and a consensus price target of $135.77.

Wintrust Financial Trading Down 0.7%

WTFC opened at $123.32 on Friday. The stock has a market cap of $8.25 billion, a price-to-earnings ratio of 12.20 and a beta of 0.82. The stock’s 50 day moving average price is $118.04 and its 200-day moving average price is $119.78. Wintrust Financial Corporation has a one year low of $89.10 and a one year high of $142.04. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.01.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, April 21st. The bank reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.17. The firm had revenue of $643.11 million for the quarter, compared to analysts’ expectations of $643.11 million. Wintrust Financial had a return on equity of 12.00% and a net margin of 17.32%. During the same quarter in the prior year, the firm posted $2.89 earnings per share. On average, equities analysts forecast that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Wintrust Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $2.00 annualized dividend and a yield of 1.62%. Wintrust Financial’s dividend payout ratio (DPR) is currently 19.78%.

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.