Point72 Hong Kong Ltd trimmed its stake in shares of Wintrust Financial Corp (NASDAQ:WTFC) by 34.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 815 shares of the bank’s stock after selling 422 shares during the period. Point72 Hong Kong Ltd’s holdings in Wintrust Financial were worth $36,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of WTFC. Channing Capital Management LLC bought a new position in Wintrust Financial during the second quarter valued at $33,474,000. Deutsche Bank AG lifted its position in Wintrust Financial by 1,721.8% during the first quarter. Deutsche Bank AG now owns 633,723 shares of the bank’s stock valued at $20,824,000 after purchasing an additional 598,938 shares during the last quarter. Silvercrest Asset Management Group LLC bought a new position in Wintrust Financial during the second quarter valued at $11,678,000. Fisher Asset Management LLC lifted its position in Wintrust Financial by 56.6% during the second quarter. Fisher Asset Management LLC now owns 678,836 shares of the bank’s stock valued at $29,611,000 after purchasing an additional 245,402 shares during the last quarter. Finally, Frontier Capital Management Co. LLC lifted its position in Wintrust Financial by 29.9% during the second quarter. Frontier Capital Management Co. LLC now owns 806,483 shares of the bank’s stock valued at $35,179,000 after purchasing an additional 185,727 shares during the last quarter. 88.82% of the stock is owned by institutional investors.
WTFC stock opened at $41.24 on Friday. The company has a market capitalization of $2.38 billion, a PE ratio of 9.14, a P/E/G ratio of 0.70 and a beta of 1.58. Wintrust Financial Corp has a 12 month low of $22.02 and a 12 month high of $71.95. The firm’s 50-day moving average is $44.04 and its 200 day moving average is $41.13. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 0.99.
Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Tuesday, July 21st. The bank reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.36). The company had revenue of $425.12 million during the quarter, compared to analysts’ expectations of $374.45 million. Wintrust Financial had a return on equity of 7.63% and a net margin of 14.33%. Sell-side analysts forecast that Wintrust Financial Corp will post 3.54 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend was Wednesday, August 5th. Wintrust Financial’s dividend payout ratio is presently 18.57%.
Several research firms have commented on WTFC. Raymond James reiterated a “buy” rating and set a $58.00 price objective on shares of Wintrust Financial in a research report on Thursday, August 6th. BidaskClub lowered shares of Wintrust Financial from a “hold” rating to a “sell” rating in a report on Thursday, August 20th. Zacks Investment Research upgraded shares of Wintrust Financial from a “sell” rating to a “hold” rating in a report on Wednesday, September 9th. Finally, ValuEngine lowered shares of Wintrust Financial from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $51.63.
In other Wintrust Financial news, CEO Edward J. Wehmer bought 1,189 shares of the business’s stock in a transaction on Monday, August 31st. The shares were acquired at an average price of $26.57 per share, with a total value of $31,591.73. Following the transaction, the chief executive officer now owns 147,124 shares of the company’s stock, valued at approximately $3,909,084.68. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gary D. Sweeney bought 785 shares of the business’s stock in a transaction on Thursday, July 23rd. The shares were acquired at an average cost of $44.66 per share, for a total transaction of $35,058.10. Following the transaction, the director now directly owns 6,433 shares in the company, valued at approximately $287,297.78. The disclosure for this purchase can be found here. Company insiders own 1.58% of the company’s stock.
Wintrust Financial Profile
Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. 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), Internet banking, and other services.
See Also: Balance Sheet
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