Elizabeth Park Capital Advisors Ltd. Buys Shares of 21,392 Wintrust Financial Co. (NASDAQ:WTFC)

Elizabeth Park Capital Advisors Ltd. purchased a new position in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 21,392 shares of the bank's stock, valued at approximately $2,108,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Johnson Financial Group Inc. bought a new stake in Wintrust Financial during the 4th quarter valued at $25,000. Concord Wealth Partners acquired a new stake in Wintrust Financial in the first quarter worth about $26,000. Opal Wealth Advisors LLC bought a new position in Wintrust Financial in the 1st quarter valued at about $27,000. Versant Capital Management Inc increased its stake in Wintrust Financial by 825.0% during the 2nd quarter. Versant Capital Management Inc now owns 296 shares of the bank's stock valued at $29,000 after buying an additional 264 shares during the period. Finally, DHJJ Financial Advisors Ltd. raised its position in shares of Wintrust Financial by 70.0% during the 1st quarter. DHJJ Financial Advisors Ltd. now owns 488 shares of the bank's stock worth $51,000 after buying an additional 201 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company's stock.

Wall Street Analysts Forecast Growth

WTFC has been the subject of a number of research reports. DA Davidson increased their price target on Wintrust Financial from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, July 19th. Wedbush boosted their price target on shares of Wintrust Financial from $115.00 to $130.00 and gave the stock an "outperform" rating in a research report on Thursday, July 18th. Jefferies Financial Group reduced their price objective on shares of Wintrust Financial from $118.00 to $116.00 and set a "buy" rating for the company in a research report on Wednesday, July 3rd. Piper Sandler boosted their target price on shares of Wintrust Financial from $113.00 to $125.00 and gave the stock an "overweight" rating in a report on Friday, July 19th. Finally, Keefe, Bruyette & Woods cut shares of Wintrust Financial from an "outperform" rating to a "market perform" rating and raised their target price for the stock from $110.00 to $115.00 in a report on Friday, July 19th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $118.23.

Wintrust Financial Stock Up 1.0 %

Shares of NASDAQ WTFC traded up $1.03 during mid-day trading on Thursday, reaching $107.06. The company had a trading volume of 219,317 shares, compared to its average volume of 384,090. The stock has a fifty day moving average of $104.66 and a two-hundred day moving average of $100.79. Wintrust Financial Co. has a 12-month low of $71.86 and a 12-month high of $113.68. The company has a market capitalization of $7.12 billion, a price-to-earnings ratio of 10.96 and a beta of 1.16. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.99 and a current ratio of 0.99.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 17th. The bank reported $2.32 EPS for the quarter, missing the consensus estimate of $2.42 by ($0.10). The company had revenue of $591.76 million for the quarter, compared to analysts' expectations of $587.33 million. Wintrust Financial had a net margin of 17.02% and a return on equity of 12.71%. The company's revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.38 earnings per share. As a group, equities research analysts expect that Wintrust Financial Co. will post 10.12 EPS for the current year.

Wintrust Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were paid a $0.45 dividend. The ex-dividend date was Thursday, August 8th. This represents a $1.80 annualized dividend and a dividend yield of 1.68%. Wintrust Financial's payout ratio is 18.61%.

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.