Loomis Sayles & Co. L P Purchases 1,926 Shares of Wintrust Financial Corporation $WTFC

Loomis Sayles & Co. L P boosted its position in Wintrust Financial Corporation (NASDAQ:WTFC) by 1.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 184,699 shares of the bank’s stock after buying an additional 1,926 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.28% of Wintrust Financial worth $22,899,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in WTFC. Earnest Partners LLC grew its stake in shares of Wintrust Financial by 7.4% during the 1st quarter. Earnest Partners LLC now owns 1,410,773 shares of the bank’s stock worth $158,656,000 after acquiring an additional 97,587 shares during the period. Invesco Ltd. lifted its holdings in Wintrust Financial by 2.7% during the first quarter. Invesco Ltd. now owns 1,128,724 shares of the bank’s stock valued at $126,936,000 after purchasing an additional 30,018 shares during the last quarter. Jennison Associates LLC boosted its position in Wintrust Financial by 16.0% during the second quarter. Jennison Associates LLC now owns 936,834 shares of the bank’s stock worth $116,149,000 after purchasing an additional 129,444 shares during the period. Northern Trust Corp boosted its position in Wintrust Financial by 20.2% during the first quarter. Northern Trust Corp now owns 852,583 shares of the bank’s stock worth $95,881,000 after purchasing an additional 143,401 shares during the period. Finally, Reinhart Partners LLC. increased its stake in shares of Wintrust Financial by 12.2% in the second quarter. Reinhart Partners LLC. now owns 751,481 shares of the bank’s stock worth $93,170,000 after purchasing an additional 81,763 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Truist Financial raised their price objective on shares of Wintrust Financial from $151.00 to $158.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. DA Davidson restated a “buy” rating and set a $158.00 target price on shares of Wintrust Financial in a research report on Tuesday, October 21st. Cowen reaffirmed a “buy” rating on shares of Wintrust Financial in a report on Wednesday, October 22nd. Barclays reiterated an “overweight” rating and set a $175.00 price objective on shares of Wintrust Financial in a research note on Wednesday, October 8th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Wintrust Financial in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $152.92.

Wintrust Financial Trading Down 0.6%

Wintrust Financial stock opened at $133.92 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01. Wintrust Financial Corporation has a fifty-two week low of $89.10 and a fifty-two week high of $141.69. The stock has a market cap of $8.97 billion, a P/E ratio of 12.31 and a beta of 0.91. The firm’s fifty day moving average price is $129.86 and its 200-day moving average price is $128.57.

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

Wintrust Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 6th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Thursday, November 6th. Wintrust Financial’s dividend payout ratio is 18.38%.

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.