Ethic Inc. Sells 2,242 Shares of Wintrust Financial Corporation $WTFC

Ethic Inc. decreased its position in Wintrust Financial Corporation (NASDAQ:WTFC) by 38.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,644 shares of the bank’s stock after selling 2,242 shares during the quarter. Ethic Inc.’s holdings in Wintrust Financial were worth $449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of WTFC. Millennium Management LLC lifted its position in Wintrust Financial by 539.2% in the 1st quarter. Millennium Management LLC now owns 594,711 shares of the bank’s stock worth $66,881,000 after buying an additional 501,669 shares during the last quarter. Nuveen LLC bought a new stake in Wintrust Financial in the 1st quarter worth approximately $47,769,000. Jennison Associates LLC lifted its position in Wintrust Financial by 53.3% in the 1st quarter. Jennison Associates LLC now owns 807,390 shares of the bank’s stock worth $90,799,000 after buying an additional 280,568 shares during the last quarter. Northern Trust Corp lifted its position in Wintrust Financial by 20.2% in the 1st quarter. Northern Trust Corp now owns 852,583 shares of the bank’s stock worth $95,881,000 after buying an additional 143,401 shares during the last quarter. Finally, CHICAGO TRUST Co NA lifted its position in Wintrust Financial by 591.9% in the 2nd quarter. CHICAGO TRUST Co NA now owns 137,664 shares of the bank’s stock worth $17,068,000 after buying an additional 117,768 shares during the last quarter. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Price Performance

WTFC opened at $129.45 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01. Wintrust Financial Corporation has a 52-week low of $89.10 and a 52-week high of $142.04. The stock has a market capitalization of $8.67 billion, a PE ratio of 11.90 and a beta of 0.83. The stock’s 50 day moving average price is $132.57 and its 200-day moving average price is $125.38.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Monday, October 20th. The bank reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.43. Wintrust Financial had a return on equity of 13.05% and a net margin of 18.85%.The firm had revenue of $697.84 million for the quarter, compared to analysts’ expectations of $689.10 million. During the same period in the previous year, the firm earned $2.47 earnings per share. On average, equities research analysts predict that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Wintrust Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $2.00 annualized dividend and a dividend yield of 1.5%. Wintrust Financial’s payout ratio is 18.38%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Barclays restated an “overweight” rating and issued a $175.00 target price on shares of Wintrust Financial in a research report on Wednesday, October 8th. Jefferies Financial Group decreased their price target on Wintrust Financial from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Tuesday, October 21st. Royal Bank Of Canada lifted their price target on Wintrust Financial from $137.00 to $158.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Wintrust Financial in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Wintrust Financial has a consensus rating of “Moderate Buy” and an average price target of $152.92.

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.