Wintrust Financial Corporation $WTFC Shares Sold by First Trust Advisors LP

First Trust Advisors LP lessened its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 5.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,890,073 shares of the bank’s stock after selling 108,839 shares during the period. First Trust Advisors LP owned approximately 2.82% of Wintrust Financial worth $234,331,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WTFC. Cetera Investment Advisers raised its stake in Wintrust Financial by 24.5% in the first quarter. Cetera Investment Advisers now owns 19,663 shares of the bank’s stock valued at $2,211,000 after buying an additional 3,873 shares during the last quarter. LPL Financial LLC grew its stake in shares of Wintrust Financial by 151.7% during the first quarter. LPL Financial LLC now owns 40,220 shares of the bank’s stock worth $4,523,000 after acquiring an additional 24,240 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Wintrust Financial by 30.1% during the first quarter. PNC Financial Services Group Inc. now owns 7,015 shares of the bank’s stock valued at $789,000 after acquiring an additional 1,622 shares in the last quarter. Blair William & Co. IL raised its position in shares of Wintrust Financial by 0.6% in the 1st quarter. Blair William & Co. IL now owns 19,055 shares of the bank’s stock valued at $2,143,000 after purchasing an additional 109 shares during the last quarter. Finally, Deutsche Bank AG raised its position in shares of Wintrust Financial by 50.4% in the 1st quarter. Deutsche Bank AG now owns 14,016 shares of the bank’s stock valued at $1,576,000 after purchasing an additional 4,697 shares during the last quarter. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Wintrust Financial Price Performance

Shares of WTFC opened at $136.51 on Friday. The business’s 50-day moving average is $130.11 and its two-hundred day moving average is $128.90. The company has a market capitalization of $9.14 billion, a P/E ratio of 12.55 and a beta of 0.90. Wintrust Financial Corporation has a fifty-two week low of $89.10 and a fifty-two week high of $141.69. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.00 and a current ratio of 1.00.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Thursday, November 6th. The bank reported $3.06 EPS for the quarter. The firm had revenue of $1.26 billion for the quarter. Wintrust Financial had a return on equity of 12.82% and a net margin of 18.85%. Research analysts predict that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.

Wintrust Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, November 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.5%. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.38%.

Wall Street Analysts Forecast Growth

WTFC has been the topic of several research analyst reports. DA Davidson reissued a “buy” rating and set a $158.00 target price on shares of Wintrust Financial in a research report on Tuesday, October 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Wintrust Financial in a research note on Wednesday, October 8th. Barclays reissued an “overweight” rating and issued a $175.00 target price on shares of Wintrust Financial in a research report on Wednesday, October 8th. Jefferies Financial Group reduced their target price on Wintrust Financial from $165.00 to $160.00 and set a “buy” rating for the company in a research note on Tuesday, October 21st. Finally, Cowen reiterated a “buy” rating on shares of Wintrust Financial in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Wintrust Financial presently has an average rating of “Moderate Buy” and a consensus target price of $152.92.

Wintrust Financial 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.