Janney Montgomery Scott LLC Purchases 1,459 Shares of Wintrust Financial Corporation $WTFC

Janney Montgomery Scott LLC boosted its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 11.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,344 shares of the bank’s stock after acquiring an additional 1,459 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Wintrust Financial were worth $1,778,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its holdings in shares of Wintrust Financial by 43.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 349,983 shares of the bank’s stock worth $39,359,000 after buying an additional 105,754 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in Wintrust Financial by 7.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,426 shares of the bank’s stock worth $273,000 after acquiring an additional 165 shares in the last quarter. Capstone Financial Advisors Inc. purchased a new position in Wintrust Financial during the 1st quarter valued at about $297,000. Cetera Investment Advisers raised its holdings in shares of 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 in the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Wintrust Financial by 87.9% during the first 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 in the last quarter. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Trading Down 4.5%

Shares of Wintrust Financial stock opened at $125.51 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a fifty day moving average price of $132.23 and a 200 day moving average price of $123.29. Wintrust Financial Corporation has a 1 year low of $89.10 and a 1 year high of $142.04. The stock has a market cap of $8.40 billion, a PE ratio of 11.87 and a beta of 0.83.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Monday, July 21st. The bank reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $661.43 million. During the same quarter last year, the company posted $2.32 earnings per share. Equities research analysts predict that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.

Wintrust Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders 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 yield of 1.6%. Wintrust Financial’s payout ratio is presently 18.92%.

Insiders Place Their Bets

In other Wintrust Financial news, 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 completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Edward J. Wehmer bought 3,919 shares of the company’s stock in a transaction dated Friday, July 25th. The stock was bought at an average price of $26.35 per share, for a total transaction of $103,265.65. Following the transaction, the insider owned 3,919 shares of the company’s stock, valued at approximately $103,265.65. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.01% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

WTFC has been the subject of several recent analyst reports. Raymond James Financial reiterated a “strong-buy” rating and set a $157.00 price objective (up previously from $155.00) on shares of Wintrust Financial in a research note on Wednesday, July 23rd. Royal Bank Of Canada raised their price target on shares of Wintrust Financial from $137.00 to $158.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Wintrust Financial in a report on Wednesday. Keefe, Bruyette & Woods raised their price target on shares of Wintrust Financial from $130.00 to $138.00 and gave the stock a “market perform” rating in a report on Wednesday, July 23rd. Finally, DA Davidson raised 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. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Wintrust Financial presently has a consensus rating of “Moderate Buy” and an average target price of $149.57.

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.