Farther Finance Advisors LLC Has $74,000 Stake in Wintrust Financial Corporation $WTFC

Farther Finance Advisors LLC increased its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 20.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 601 shares of the bank’s stock after acquiring an additional 102 shares during the period. Farther Finance Advisors LLC’s holdings in Wintrust Financial were worth $74,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in Wintrust Financial by 43.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 349,983 shares of the bank’s stock valued at $39,359,000 after buying an additional 105,754 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Wintrust Financial by 7.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,426 shares of the bank’s stock valued at $273,000 after purchasing an additional 165 shares during the period. Capstone Financial Advisors Inc. bought a new stake in Wintrust Financial in the 1st quarter valued at about $297,000. Cetera Investment Advisers boosted its holdings in Wintrust Financial by 24.5% in the 1st quarter. Cetera Investment Advisers now owns 19,663 shares of the bank’s stock valued at $2,211,000 after purchasing an additional 3,873 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in Wintrust Financial by 87.9% in the 1st quarter. Fifth Third Bancorp now owns 25,049 shares of the bank’s stock valued at $2,817,000 after purchasing an additional 11,719 shares during the period. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WTFC. DA Davidson upped their price target on shares of Wintrust Financial from $135.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Jefferies Financial Group upped their price objective on shares of Wintrust Financial from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Royal Bank Of Canada upped their price objective on shares of Wintrust Financial from $137.00 to $158.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Barclays reiterated an “overweight” rating and set a $162.00 price objective (up from $145.00) on shares of Wintrust Financial in a research report on Tuesday, July 8th. Finally, TD Cowen started coverage on shares of Wintrust Financial in a research report on Thursday, September 25th. They set a “buy” rating and a $166.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $148.64.

Wintrust Financial Stock Down 0.3%

Wintrust Financial stock opened at $130.40 on Monday. Wintrust Financial Corporation has a 1-year low of $89.10 and a 1-year high of $142.04. The firm has a market capitalization of $8.73 billion, a price-to-earnings ratio of 12.34 and a beta of 0.83. The firm’s fifty day moving average price is $132.09 and its two-hundred day moving average price is $122.81. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Monday, July 21st. The bank reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.19. Wintrust Financial had a net margin of 18.06% and a return on equity of 12.08%. The firm had revenue of $670.78 million for the quarter, compared to analyst estimates of $661.43 million. During the same period last year, the firm earned $2.32 earnings per share. On average, equities research analysts predict that Wintrust Financial Corporation will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, August 7th. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.92%.

Insider Activity

In other Wintrust Financial news, COO David A. Dykstra sold 14,942 shares of Wintrust Financial stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $131.53, for a total value of $1,965,321.26. Following the sale, the chief operating officer owned 182,208 shares of the company’s stock, valued at approximately $23,965,818.24. The trade was a 7.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Edward J. Wehmer bought 3,919 shares of Wintrust Financial stock in a transaction dated Friday, July 25th. The stock was acquired at an average price of $26.35 per share, with a total value of $103,265.65. Following the purchase, the insider directly owned 3,919 shares of the company’s stock, valued at approximately $103,265.65. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.01% of the company’s stock.

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.