Basswood Capital Management L.L.C. grew its stake in shares of Wintrust Financial Corp (NASDAQ:WTFC) by 138.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 288,291 shares of the bank’s stock after buying an additional 167,214 shares during the quarter. Wintrust Financial makes up 1.1% of Basswood Capital Management L.L.C.’s holdings, making the stock its 23rd biggest holding. Basswood Capital Management L.L.C. owned approximately 0.51% of Wintrust Financial worth $19,168,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of WTFC. BlackRock Inc. lifted its holdings in shares of Wintrust Financial by 3.7% during the fourth quarter. BlackRock Inc. now owns 5,607,346 shares of the bank’s stock worth $372,835,000 after purchasing an additional 200,648 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Wintrust Financial by 2.1% during the third quarter. Vanguard Group Inc. now owns 5,119,942 shares of the bank’s stock worth $434,889,000 after purchasing an additional 102,924 shares during the period. Vanguard Group Inc lifted its holdings in shares of Wintrust Financial by 2.1% during the third quarter. Vanguard Group Inc now owns 5,119,942 shares of the bank’s stock worth $434,889,000 after purchasing an additional 102,924 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Wintrust Financial by 2.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,604,175 shares of the bank’s stock worth $106,662,000 after purchasing an additional 44,503 shares during the period. Finally, Citadel Advisors LLC lifted its holdings in shares of Wintrust Financial by 280.1% during the third quarter. Citadel Advisors LLC now owns 1,143,203 shares of the bank’s stock worth $97,104,000 after purchasing an additional 842,454 shares during the period. 89.36% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on the stock. BidaskClub upgraded shares of Wintrust Financial from a “sell” rating to a “hold” rating in a report on Friday, February 22nd. Zacks Investment Research upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a report on Thursday, November 22nd. Finally, Piper Jaffray Companies upgraded shares of Wintrust Financial from a “neutral” rating to an “overweight” rating in a report on Monday, January 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $93.00.
WTFC stock opened at $72.46 on Friday. The firm has a market capitalization of $4.03 billion, a P/E ratio of 12.37, a PEG ratio of 0.80 and a beta of 0.95. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.39. Wintrust Financial Corp has a 12-month low of $61.53 and a 12-month high of $99.96.
Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Tuesday, January 22nd. The bank reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.22). The firm had revenue of $329.40 million during the quarter, compared to analyst estimates of $344.46 million. Wintrust Financial had a net margin of 22.47% and a return on equity of 11.36%. During the same quarter in the previous year, the firm earned $1.17 EPS. Equities analysts anticipate that Wintrust Financial Corp will post 6.58 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 21st. Investors of record on Thursday, February 7th were issued a $0.25 dividend. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.19. The ex-dividend date was Wednesday, February 6th. This represents a $1.00 annualized dividend and a yield of 1.38%. Wintrust Financial’s payout ratio is presently 17.06%.
In related news, insider Timothy Crane sold 2,097 shares of the business’s stock in a transaction on Friday, January 25th. The shares were sold at an average price of $72.82, for a total value of $152,703.54. Following the transaction, the insider now owns 18,433 shares in the company, valued at $1,342,291.06. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Thomas P. Zidar sold 3,482 shares of the business’s stock in a transaction on Friday, January 25th. The shares were sold at an average price of $72.62, for a total transaction of $252,862.84. Following the completion of the transaction, the executive vice president now owns 31,016 shares in the company, valued at approximately $2,252,381.92. The disclosure for this sale can be found here. 1.57% of the stock is owned by insiders.
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Wintrust Financial Company 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.
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