State of Alaska Department of Revenue Has $930,000 Stock Holdings in Wintrust Financial Corporation $WTFC

State of Alaska Department of Revenue lowered its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 3.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,508 shares of the bank’s stock after selling 280 shares during the period. State of Alaska Department of Revenue’s holdings in Wintrust Financial were worth $930,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Envestnet Asset Management Inc. raised its holdings in shares of Wintrust Financial by 43.3% during the first quarter. Envestnet Asset Management Inc. now owns 349,983 shares of the bank’s stock worth $39,359,000 after acquiring an additional 105,754 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Wintrust Financial by 7.3% in the first 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 in the last quarter. Capstone Financial Advisors Inc. acquired a new position in Wintrust Financial in the 1st quarter worth about $297,000. Cetera Investment Advisers raised its stake in shares of Wintrust Financial by 24.5% during the 1st quarter. Cetera Investment Advisers now owns 19,663 shares of the bank’s stock worth $2,211,000 after purchasing an additional 3,873 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Wintrust Financial by 87.9% during the 1st quarter. Fifth Third Bancorp now owns 25,049 shares of the bank’s stock valued at $2,817,000 after buying an additional 11,719 shares during the last quarter. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WTFC has been the topic of a number of research reports. DA Davidson increased their price objective on Wintrust Financial from $135.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Barclays reissued an “overweight” rating and issued a $162.00 target price (up from $145.00) on shares of Wintrust Financial in a research report on Tuesday, July 8th. Raymond James Financial restated a “strong-buy” rating and set a $157.00 price target (up previously from $155.00) on shares of Wintrust Financial in a research note on Wednesday, July 23rd. Royal Bank Of Canada lifted their price objective on shares of Wintrust Financial from $137.00 to $158.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Wintrust Financial in a report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $148.64.

Wintrust Financial Trading Down 0.3%

Shares of Wintrust Financial stock opened at $130.40 on Monday. The company’s fifty day moving average price is $132.09 and its two-hundred day moving average price is $122.81. The firm has a market capitalization of $8.73 billion, a PE ratio of 12.34 and a beta of 0.83. Wintrust Financial Corporation has a 52-week low of $89.10 and a 52-week high of $142.04. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 1.01.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Monday, July 21st. The bank reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.19. The business had revenue of $670.78 million for the quarter, compared to analyst estimates of $661.43 million. Wintrust Financial had a net margin of 18.06% and a return on equity of 12.08%. During the same period in the previous year, the business earned $2.32 EPS. On average, analysts expect that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Wintrust Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.5%. Wintrust Financial’s dividend payout ratio is presently 18.92%.

Insider Buying and Selling

In related news, insider Edward J. Wehmer acquired 3,919 shares of the company’s stock in a transaction on Friday, July 25th. The stock was purchased at an average cost of $26.35 per share, for a total transaction of $103,265.65. Following the completion of the purchase, the insider directly owned 3,919 shares of the company’s stock, valued at $103,265.65. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO David A. Dykstra sold 14,942 shares of Wintrust Financial stock in a transaction on 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 transaction, the chief operating officer directly 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 disclosure for this sale can be found here. Corporate insiders own 1.01% of the company’s stock.

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.