Creative Planning Buys 2,476 Shares of Wintrust Financial Corporation $WTFC

Creative Planning boosted its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 17.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,336 shares of the bank’s stock after purchasing an additional 2,476 shares during the period. Creative Planning’s holdings in Wintrust Financial were worth $2,025,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Maseco LLP acquired a new position in shares of Wintrust Financial during the second quarter worth about $25,000. Advisors Asset Management Inc. acquired a new stake in Wintrust Financial in the 1st quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB lifted its stake in Wintrust Financial by 52.9% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 289 shares of the bank’s stock valued at $36,000 after acquiring an additional 100 shares in the last quarter. REAP Financial Group LLC lifted its stake in Wintrust Financial by 196.0% in the 2nd quarter. REAP Financial Group LLC now owns 296 shares of the bank’s stock valued at $37,000 after acquiring an additional 196 shares in the last quarter. Finally, AlphaQuest LLC acquired a new position in Wintrust Financial during the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wintrust Financial Stock Up 3.4%

Wintrust Financial stock opened at $136.50 on Wednesday. Wintrust Financial Corporation has a fifty-two week low of $89.10 and a fifty-two week high of $141.69. The firm has a market capitalization of $9.14 billion, a PE ratio of 12.55 and a beta of 0.91. The company’s 50-day moving average is $129.91 and its 200-day moving average is $128.35. 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 posted its quarterly earnings results on Thursday, November 6th. The bank reported $3.06 EPS for the quarter. The business had revenue of $1.26 billion during the quarter. Wintrust Financial had a return on equity of 13.05% and a net margin of 18.85%. Sell-side analysts anticipate that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 6th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Thursday, November 6th. Wintrust Financial’s dividend payout ratio is 18.38%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Cowen reiterated a “buy” rating on shares of Wintrust Financial in a report on Wednesday, October 22nd. DA Davidson reiterated a “buy” rating and issued a $158.00 price target on shares of Wintrust Financial in a research note on Tuesday, October 21st. TD Cowen initiated coverage on shares of Wintrust Financial in a research note on Thursday, September 25th. They set a “buy” rating and a $166.00 price objective for the company. Piper Sandler reaffirmed an “overweight” rating and issued a $161.00 target price (up previously from $160.00) on shares of Wintrust Financial in a research report on Wednesday, October 22nd. Finally, Truist Financial upped their target price on Wintrust Financial from $151.00 to $158.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $152.92.

Wintrust Financial Company 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.