Harbor Capital Advisors Inc. boosted its position in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 93.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 81,012 shares of the bank's stock after acquiring an additional 39,181 shares during the period. Harbor Capital Advisors Inc. owned about 0.12% of Wintrust Financial worth $8,792,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Versant Capital Management Inc boosted its stake in Wintrust Financial by 825.0% in the 2nd quarter. Versant Capital Management Inc now owns 296 shares of the bank's stock worth $29,000 after buying an additional 264 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Wintrust Financial in the third quarter valued at approximately $35,000. UMB Bank n.a. increased its position in Wintrust Financial by 62.0% during the third quarter. UMB Bank n.a. now owns 512 shares of the bank's stock worth $56,000 after purchasing an additional 196 shares during the last quarter. Whittier Trust Co. raised its stake in Wintrust Financial by 138.8% during the first quarter. Whittier Trust Co. now owns 578 shares of the bank's stock worth $60,000 after purchasing an additional 336 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Wintrust Financial by 62.6% in the 2nd quarter. GAMMA Investing LLC now owns 818 shares of the bank's stock valued at $81,000 after purchasing an additional 315 shares during the last quarter. Institutional investors and hedge funds own 93.48% of the company's stock.
Wintrust Financial Stock Down 1.3 %
WTFC stock traded down $1.50 during midday trading on Friday, hitting $114.39. 383,459 shares of the company's stock were exchanged, compared to its average volume of 378,177. The firm has a 50 day moving average price of $108.96 and a 200-day moving average price of $103.00. Wintrust Financial Co. has a 12-month low of $75.75 and a 12-month high of $118.69. The stock has a market capitalization of $7.61 billion, a price-to-earnings ratio of 11.98 and a beta of 1.15. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73.
Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its quarterly earnings data on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing analysts' consensus estimates of $2.50 by ($0.03). The company had revenue of $615.73 million for the quarter, compared to the consensus estimate of $623.45 million. Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The company's revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.53 earnings per share. On average, analysts anticipate that Wintrust Financial Co. will post 10.13 EPS for the current year.
Wintrust Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Thursday, November 7th. Wintrust Financial's dividend payout ratio is currently 18.85%.
Insider Buying and Selling at Wintrust Financial
In other news, CFO David L. Stoehr sold 1,607 shares of Wintrust Financial stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $113.46, for a total value of $182,330.22. Following the completion of the transaction, the chief financial officer now owns 14,874 shares in the company, valued at approximately $1,687,604.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Wintrust Financial news, CFO David L. Stoehr sold 1,607 shares of Wintrust Financial stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total value of $182,330.22. Following the completion of the transaction, the chief financial officer now owns 14,874 shares of the company's stock, valued at $1,687,604.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Richard B. Murphy sold 4,099 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total transaction of $473,967.37. Following the sale, the insider now directly owns 42,311 shares in the company, valued at $4,892,420.93. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,198 shares of company stock worth $2,445,314 over the last quarter. 1.47% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
WTFC has been the subject of a number of research reports. Piper Sandler boosted their price target on Wintrust Financial from $131.00 to $136.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Citigroup raised their price target on shares of Wintrust Financial from $126.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Wedbush reiterated an "outperform" rating and set a $130.00 price objective on shares of Wintrust Financial in a research note on Tuesday, October 22nd. DA Davidson raised their target price on shares of Wintrust Financial from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada increased their price target on Wintrust Financial from $116.00 to $117.00 and gave the company an "outperform" rating in a report on Tuesday, July 9th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.00.
View Our Latest Research Report on Wintrust Financial
Wintrust Financial Company Profile
(
Free Report)
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.
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