Segall Bryant & Hamill LLC Acquires New Stake in Wintrust Financial Corporation $WTFC

Segall Bryant & Hamill LLC bought a new stake in Wintrust Financial Corporation (NASDAQ:WTFC) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 94,092 shares of the bank’s stock, valued at approximately $13,073,000.

Several other institutional investors and hedge funds have also bought and sold shares of WTFC. F m Investments LLC increased its holdings in Wintrust Financial by 61.6% during the fourth quarter. F m Investments LLC now owns 70,857 shares of the bank’s stock valued at $9,907,000 after buying an additional 27,013 shares during the last quarter. Westfield Capital Management Co. LP boosted its stake in shares of Wintrust Financial by 22.5% during the 4th quarter. Westfield Capital Management Co. LP now owns 559,762 shares of the bank’s stock worth $78,266,000 after acquiring an additional 102,798 shares during the last quarter. Artemis Investment Management LLP purchased a new position in shares of Wintrust Financial during the 4th quarter worth $59,287,000. Horizon Investments LLC grew its position in shares of Wintrust Financial by 79.8% during the 4th quarter. Horizon Investments LLC now owns 33,287 shares of the bank’s stock valued at $4,654,000 after acquiring an additional 14,776 shares during the period. Finally, Nicholas Investment Partners LP grew its position in shares of Wintrust Financial by 6.2% during the 4th quarter. Nicholas Investment Partners LP now owns 117,590 shares of the bank’s stock valued at $16,441,000 after acquiring an additional 6,917 shares during the period. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wintrust Financial Stock Down 0.1%

Shares of WTFC stock opened at $159.54 on Friday. The company has a market capitalization of $10.76 billion, a price-to-earnings ratio of 12.81 and a beta of 0.84. Wintrust Financial Corporation has a one year low of $119.61 and a one year high of $167.21. The company’s fifty day moving average price is $157.56 and its 200-day moving average price is $149.96. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, July 20th. The bank reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.15. The company had revenue of $738.63 million for the quarter, compared to analysts’ expectations of $735.36 million. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. Wintrust Financial’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.78 EPS. Sell-side analysts expect that Wintrust Financial Corporation will post 13.04 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, August 6th. Wintrust Financial’s payout ratio is presently 17.67%.

Insider Activity at Wintrust Financial

In other news, Director Suzet M. Mckinney sold 500 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $148.96, for a total value of $74,480.00. Following the completion of the transaction, the director owned 3,303 shares of the company’s stock, valued at $492,014.88. This represents a 13.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.24% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

WTFC has been the topic of a number of recent research reports. Brean Capital cut Wintrust Financial from a “buy” rating to a “neutral” rating and set a $170.00 target price on the stock. in a report on Tuesday, July 21st. Barclays boosted their price target on Wintrust Financial from $190.00 to $192.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. DA Davidson upped their price target on Wintrust Financial from $185.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. TD Cowen decreased their price objective on Wintrust Financial from $184.00 to $183.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Finally, Royal Bank Of Canada lifted their price objective on Wintrust Financial from $175.00 to $185.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $177.77.

About Wintrust Financial

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.