Creative Planning Increases Holdings in Wintrust Financial Corporation $WTFC

Creative Planning boosted its position in Wintrust Financial Corporation (NASDAQ:WTFC) by 17.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Capstone Financial Advisors Inc. purchased a new stake in shares of Wintrust Financial in the 1st quarter worth about $297,000. Cetera Investment Advisers raised its position in Wintrust Financial by 24.5% during the first quarter. Cetera Investment Advisers now owns 19,663 shares of the bank’s stock worth $2,211,000 after acquiring an additional 3,873 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Wintrust Financial by 151.7% in the first quarter. LPL Financial LLC now owns 40,220 shares of the bank’s stock valued at $4,523,000 after purchasing an additional 24,240 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of Wintrust Financial by 16.0% in the first quarter. Raymond James Financial Inc. now owns 377,405 shares of the bank’s stock valued at $42,443,000 after purchasing an additional 52,154 shares during the last quarter. Finally, REAP Financial Group LLC increased its stake in shares of Wintrust Financial by 196.0% during the 2nd quarter. REAP Financial Group LLC now owns 296 shares of the bank’s stock worth $37,000 after purchasing an additional 196 shares in the last quarter. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Barclays reiterated an “overweight” rating and set a $175.00 target price on shares of Wintrust Financial in a report on Wednesday, October 8th. Truist Financial lifted their price objective on Wintrust Financial from $151.00 to $158.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Wintrust Financial in a research note on Wednesday, October 8th. 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 target on the stock. Finally, Cowen reissued a “buy” rating on shares of Wintrust Financial in a research report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $152.92.

Wintrust Financial Trading Up 3.4%

NASDAQ WTFC opened at $136.50 on Wednesday. The company has a market cap of $9.14 billion, a P/E ratio of 12.55 and a beta of 0.91. Wintrust Financial Corporation has a 12 month low of $89.10 and a 12 month high of $141.69. 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 company has a 50-day moving average of $129.91 and a 200-day moving average of $128.35.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Thursday, November 6th. The bank reported $3.06 earnings per share (EPS) for the quarter. Wintrust Financial had a net margin of 18.85% and a return on equity of 13.05%. The firm had revenue of $1.26 billion during the quarter. As a group, equities analysts predict that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th were issued 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 was Thursday, November 6th. Wintrust Financial’s dividend payout ratio is presently 18.38%.

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.