Graham Capital Management L.P. Invests $1.89 Million in Wintrust Financial Co. (NASDAQ:WTFC)

Graham Capital Management L.P. bought a new position in Wintrust Financial Co. (NASDAQ:WTFCGet Rating) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,378 shares of the bank’s stock, valued at approximately $1,893,000.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Wintrust Financial by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 5,336,205 shares of the bank’s stock worth $495,894,000 after buying an additional 36,563 shares in the last quarter. State Street Corp increased its holdings in Wintrust Financial by 4.6% during the 4th quarter. State Street Corp now owns 2,509,105 shares of the bank’s stock valued at $227,877,000 after purchasing an additional 111,076 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Wintrust Financial by 0.6% during the 1st quarter. Victory Capital Management Inc. now owns 2,029,176 shares of the bank’s stock valued at $188,482,000 after purchasing an additional 12,989 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Wintrust Financial by 1.2% during the 1st quarter. JPMorgan Chase & Co. now owns 1,578,324 shares of the bank’s stock valued at $146,673,000 after purchasing an additional 18,762 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Wintrust Financial by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 760,992 shares of the bank’s stock valued at $69,113,000 after purchasing an additional 30,492 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Wintrust Financial Stock Up 1.1 %

NASDAQ:WTFC opened at $87.75 on Friday. Wintrust Financial Co. has a 12-month low of $72.10 and a 12-month high of $105.56. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $5.33 billion, a P/E ratio of 12.70, a P/E/G ratio of 0.65 and a beta of 1.24. The stock’s fifty day simple moving average is $85.01 and its 200-day simple moving average is $87.18.

Wintrust Financial (NASDAQ:WTFCGet Rating) last posted its quarterly earnings results on Wednesday, July 20th. The bank reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business earned $1.70 earnings per share. Equities research analysts expect that Wintrust Financial Co. will post 7.99 earnings per share for the current year.

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 25th. Shareholders of record on Thursday, August 11th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $1.36 annualized dividend and a yield of 1.55%. Wintrust Financial’s dividend payout ratio is presently 19.68%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on WTFC shares. Raymond James dropped their price target on Wintrust Financial from $130.00 to $111.00 and set a “strong-buy” rating for the company in a report on Wednesday, June 29th. DA Davidson reaffirmed a “buy” rating on shares of Wintrust Financial in a report on Wednesday, July 27th. Wedbush raised their price target on Wintrust Financial from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, July 21st. Piper Sandler increased their price objective on Wintrust Financial to $107.00 in a research report on Friday, July 22nd. Finally, UBS Group decreased their price objective on Wintrust Financial from $104.00 to $96.00 and set a “neutral” rating on the stock in a research report on Friday, July 29th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Wintrust Financial has a consensus rating of “Moderate Buy” and an average price target of $105.29.

Wintrust Financial Company Profile

(Get Rating)

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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Institutional Ownership by Quarter for Wintrust Financial (NASDAQ:WTFC)

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