Pitcairn Co. cut its position in shares of Wintrust Financial Co. (NASDAQ:WTFC – Get Rating) by 3.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,640 shares of the bank’s stock after selling 233 shares during the period. Pitcairn Co.’s holdings in Wintrust Financial were worth $617,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in WTFC. UMB Bank N A MO acquired a new stake in Wintrust Financial during the fourth quarter worth about $30,000. Quadrant Capital Group LLC boosted its stake in Wintrust Financial by 31.8% during the first quarter. Quadrant Capital Group LLC now owns 730 shares of the bank’s stock worth $68,000 after buying an additional 176 shares during the period. Inspire Investing LLC purchased a new position in shares of Wintrust Financial in the first quarter valued at approximately $234,000. Wintrust Investments LLC boosted its stake in shares of Wintrust Financial by 4.9% in the first quarter. Wintrust Investments LLC now owns 2,708 shares of the bank’s stock valued at $252,000 after purchasing an additional 127 shares during the period. Finally, Gotham Asset Management LLC purchased a new position in shares of Wintrust Financial in the fourth quarter valued at approximately $264,000. 92.21% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on WTFC shares. Truist Financial raised their price objective on shares of Wintrust Financial to $100.00 in a research note on Monday, July 25th. Piper Sandler raised their target price on shares of Wintrust Financial to $107.00 in a report on Friday, July 22nd. Jefferies Financial Group reduced their target price on shares of Wintrust Financial from $109.00 to $96.00 in a report on Monday, July 11th. Wedbush raised their target price on shares of Wintrust Financial from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, July 21st. Finally, UBS Group reduced their target price on shares of Wintrust Financial from $104.00 to $96.00 and set a “neutral” rating on the stock in a report on Friday, July 29th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.38.
Wintrust Financial Stock Performance
Wintrust Financial (NASDAQ:WTFC – Get Rating) last posted its quarterly earnings data on Wednesday, July 20th. The bank reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.21). Wintrust Financial had a return on equity of 10.43% and a net margin of 22.78%. During the same period in the prior year, the company earned $1.70 EPS. As a group, analysts predict that Wintrust Financial Co. will post 8.02 EPS for the current fiscal year.
Wintrust Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th were paid a $0.34 dividend. The ex-dividend date was Wednesday, August 10th. This represents a $1.36 annualized dividend and a dividend yield of 1.60%. Wintrust Financial’s payout ratio is 19.68%.
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.
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