Loomis Sayles & Co. L P lifted its position in Wintrust Financial Corp (NASDAQ:WTFC) by 3.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 253,005 shares of the bank’s stock after purchasing an additional 7,691 shares during the period. Loomis Sayles & Co. L P’s holdings in Wintrust Financial were worth $21,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in WTFC. Tower Research Capital LLC TRC lifted its position in Wintrust Financial by 3,639.6% during the third quarter. Tower Research Capital LLC TRC now owns 5,385 shares of the bank’s stock valued at $457,000 after purchasing an additional 5,241 shares during the last quarter. Eaton Vance Management lifted its position in Wintrust Financial by 3.9% during the third quarter. Eaton Vance Management now owns 159,635 shares of the bank’s stock valued at $13,559,000 after purchasing an additional 6,005 shares during the last quarter. GSA Capital Partners LLP lifted its position in Wintrust Financial by 107.1% during the third quarter. GSA Capital Partners LLP now owns 38,459 shares of the bank’s stock valued at $3,267,000 after purchasing an additional 19,885 shares during the last quarter. Hsbc Holdings PLC lifted its position in Wintrust Financial by 68.2% during the third quarter. Hsbc Holdings PLC now owns 96,191 shares of the bank’s stock valued at $8,169,000 after purchasing an additional 38,993 shares during the last quarter. Finally, United Services Automobile Association lifted its position in Wintrust Financial by 14.4% during the third quarter. United Services Automobile Association now owns 50,646 shares of the bank’s stock valued at $4,302,000 after purchasing an additional 6,393 shares during the last quarter. 88.04% of the stock is owned by hedge funds and other institutional investors.

WTFC has been the subject of several research reports. BidaskClub lowered shares of Wintrust Financial from a “sell” rating to a “strong sell” rating in a research report on Friday, August 31st. Zacks Investment Research lowered shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Saturday, September 29th. FIG Partners upgraded shares of Wintrust Financial from a “market perform” rating to an “outperform” rating and set a $99.00 price objective for the company in a research report on Tuesday, October 2nd. Stephens upgraded shares of Wintrust Financial from an “equal” rating to a “weight” rating in a research report on Monday, October 15th. Finally, DA Davidson upgraded shares of Wintrust Financial from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $98.00 to $95.00 in a research report on Friday, October 19th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $95.00.

Wintrust Financial stock opened at $72.21 on Friday. The stock has a market capitalization of $4.13 billion, a PE ratio of 16.41, a PEG ratio of 0.89 and a beta of 0.86. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.99 and a quick ratio of 0.98. Wintrust Financial Corp has a 12-month low of $70.97 and a 12-month high of $99.96.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Wednesday, October 17th. The bank reported $1.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.03. The firm had revenue of $347.49 million during the quarter, compared to analyst estimates of $342.18 million. Wintrust Financial had a net margin of 22.70% and a return on equity of 11.27%. The business’s revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the business earned $1.12 EPS. Research analysts forecast that Wintrust Financial Corp will post 6.06 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 23rd. Stockholders of record on Thursday, November 8th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, November 7th. This represents a $0.76 annualized dividend and a dividend yield of 1.05%. Wintrust Financial’s dividend payout ratio (DPR) is presently 17.27%.

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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.

Further Reading: Analyst Ratings

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Institutional Ownership by Quarter for Wintrust Financial (NASDAQ:WTFC)

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