Geode Capital Management LLC Increases Stock Position in Wintrust Financial Corporation $WTFC

Geode Capital Management LLC lifted its stake in Wintrust Financial Corporation (NASDAQ:WTFC) by 0.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,224,218 shares of the bank’s stock after acquiring an additional 2,375 shares during the quarter. Geode Capital Management LLC owned 1.83% of Wintrust Financial worth $151,801,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HighPoint Advisor Group LLC raised its stake in Wintrust Financial by 4.3% during the 1st quarter. HighPoint Advisor Group LLC now owns 4,051 shares of the bank’s stock valued at $458,000 after buying an additional 167 shares during the last quarter. Flynn Zito Capital Management LLC boosted its stake in shares of Wintrust Financial by 34.7% in the 1st quarter. Flynn Zito Capital Management LLC now owns 2,875 shares of the bank’s stock worth $323,000 after buying an additional 740 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Wintrust Financial in the first quarter worth $6,278,000. Vestor Capital LLC increased its position in Wintrust Financial by 2.5% during the first quarter. Vestor Capital LLC now owns 19,524 shares of the bank’s stock valued at $2,196,000 after acquiring an additional 473 shares during the last quarter. Finally, Legato Capital Management LLC lifted its holdings in Wintrust Financial by 20.2% in the first quarter. Legato Capital Management LLC now owns 14,370 shares of the bank’s stock valued at $1,616,000 after acquiring an additional 2,415 shares during the period. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wintrust Financial Stock Up 1.4%

WTFC opened at $125.21 on Wednesday. The stock has a market cap of $8.39 billion, a price-to-earnings ratio of 11.51 and a beta of 0.91. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01. The firm’s fifty day moving average is $130.31 and its 200 day moving average is $127.80. Wintrust Financial Corporation has a fifty-two week low of $89.10 and a fifty-two week high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Thursday, November 6th. The bank reported $3.06 earnings per share (EPS) for the quarter. Wintrust Financial had a return on equity of 13.05% and a net margin of 18.85%.The business had revenue of $1.26 billion during the quarter. On average, sell-side analysts forecast that Wintrust Financial Corporation will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 6th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $2.00 dividend on an annualized basis and a yield of 1.6%. Wintrust Financial’s payout ratio is currently 18.38%.

Wall Street Analysts Forecast Growth

WTFC has been the subject of a number of recent research reports. Raymond James Financial restated a “strong-buy” rating and set a $157.00 price target (up from $155.00) on shares of Wintrust Financial in a research note on Wednesday, July 23rd. TD Cowen initiated coverage on shares of Wintrust Financial in a research report on Thursday, September 25th. They set a “buy” rating and a $166.00 target price for the company. Truist Financial increased their price target on shares of Wintrust Financial from $151.00 to $158.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Piper Sandler reissued an “overweight” rating and set a $161.00 price objective (up previously from $160.00) on shares of Wintrust Financial in a research report on Wednesday, October 22nd. Finally, Cowen restated 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 issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Wintrust Financial currently has an average rating of “Moderate Buy” and a consensus price target of $152.92.

About Wintrust Financial

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.