20,949 Shares in Wintrust Financial Corporation $WTFC Bought by Edgestream Partners L.P.

Edgestream Partners L.P. purchased a new stake in Wintrust Financial Corporation (NASDAQ:WTFC) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 20,949 shares of the bank’s stock, valued at approximately $2,597,000.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Wintrust Financial in the 2nd quarter valued at about $87,418,000. Millennium Management LLC boosted its holdings in Wintrust Financial by 539.2% in the first quarter. Millennium Management LLC now owns 594,711 shares of the bank’s stock worth $66,881,000 after acquiring an additional 501,669 shares in the last quarter. Nuveen LLC acquired a new stake in Wintrust Financial in the first quarter valued at approximately $47,769,000. Northern Trust Corp grew its stake in Wintrust Financial by 20.2% in the first quarter. Northern Trust Corp now owns 852,583 shares of the bank’s stock valued at $95,881,000 after acquiring an additional 143,401 shares during the period. Finally, Jennison Associates LLC increased its holdings in shares of Wintrust Financial by 16.0% during the second quarter. Jennison Associates LLC now owns 936,834 shares of the bank’s stock valued at $116,149,000 after acquiring an additional 129,444 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wintrust Financial Stock Down 0.2%

WTFC opened at $136.51 on Friday. 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 P/E ratio of 12.55 and a beta of 0.90. The company’s 50-day moving average is $130.11 and its 200 day moving average is $128.90. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 1.00.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data 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 12.82%. The business had revenue of $1.26 billion during the quarter. Research analysts expect that Wintrust Financial Corporation will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors 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 yield of 1.5%. The ex-dividend date was Thursday, November 6th. Wintrust Financial’s dividend payout ratio (DPR) is 18.38%.

Wall Street Analysts Forecast Growth

WTFC has been the topic of a number of recent research reports. Cowen reiterated a “buy” rating on shares of Wintrust Financial in a report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Wintrust Financial in a research note on Wednesday, October 8th. Truist Financial lifted their price objective on shares of Wintrust Financial from $151.00 to $158.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. TD Cowen started coverage on shares of Wintrust Financial in a report on Thursday, September 25th. They issued a “buy” rating and a $166.00 target price on the stock. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $161.00 price target (up previously from $160.00) 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 given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.