Comerica Bank lessened its stake in Wintrust Financial Corp (NASDAQ:WTFC) by 1.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,269 shares of the bank’s stock after selling 515 shares during the period. Comerica Bank owned about 0.06% of Wintrust Financial worth $2,635,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Huntington National Bank raised its stake in shares of Wintrust Financial by 43,700.0% in the fourth quarter. Huntington National Bank now owns 438 shares of the bank’s stock valued at $29,000 after acquiring an additional 437 shares during the last quarter. Quantamental Technologies LLC bought a new stake in shares of Wintrust Financial in the 4th quarter worth approximately $33,000. Private Capital Group LLC lifted its holdings in shares of Wintrust Financial by 1,251.0% in the 4th quarter. Private Capital Group LLC now owns 689 shares of the bank’s stock worth $46,000 after acquiring an additional 638 shares during the last quarter. Toronto Dominion Bank bought a new stake in shares of Wintrust Financial in the 4th quarter worth approximately $74,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in shares of Wintrust Financial in the 4th quarter worth approximately $128,000. Institutional investors and hedge funds own 88.98% of the company’s stock.
WTFC has been the subject of a number of research analyst reports. BidaskClub raised shares of Wintrust Financial from a “sell” rating to a “hold” rating in a report on Friday, February 22nd. Zacks Investment Research raised Wintrust Financial from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Thursday, March 28th. Jefferies Financial Group raised Wintrust Financial from a “hold” rating to a “buy” rating in a research report on Monday, April 1st. Wedbush lifted their price objective on Wintrust Financial from $79.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. Finally, Piper Jaffray Companies set a $93.00 price objective on Wintrust Financial and gave the company a “buy” rating in a research report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Wintrust Financial currently has a consensus rating of “Buy” and an average price target of $91.75.
Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Monday, April 15th. The bank reported $1.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.01). The firm had revenue of $343.64 million for the quarter, compared to analysts’ expectations of $345.03 million. Wintrust Financial had a net margin of 21.95% and a return on equity of 11.28%. Wintrust Financial’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the firm posted $1.40 EPS. Research analysts predict that Wintrust Financial Corp will post 6.62 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Wednesday, May 8th. Wintrust Financial’s payout ratio is 17.06%.
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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.
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