Oppenheimer Asset Management Inc. Purchases 232 Shares of Wintrust Financial Corporation $WTFC

Oppenheimer Asset Management Inc. raised its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 1.3% during the second quarter, HoldingsChannel.com reports. The firm owned 18,252 shares of the bank’s stock after acquiring an additional 232 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Wintrust Financial were worth $2,263,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Envestnet Asset Management Inc. grew its holdings in Wintrust Financial by 43.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 349,983 shares of the bank’s stock worth $39,359,000 after acquiring an additional 105,754 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Wintrust Financial by 7.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,426 shares of the bank’s stock worth $273,000 after purchasing an additional 165 shares during the last quarter. Capstone Financial Advisors Inc. acquired a new stake in shares of Wintrust Financial during the first quarter worth $297,000. Cetera Investment Advisers grew its stake in shares of Wintrust Financial by 24.5% during the first quarter. Cetera Investment Advisers now owns 19,663 shares of the bank’s stock worth $2,211,000 after purchasing an additional 3,873 shares during the period. Finally, LPL Financial LLC increased its holdings in Wintrust Financial by 151.7% in the first quarter. LPL Financial LLC now owns 40,220 shares of the bank’s stock valued at $4,523,000 after purchasing an additional 24,240 shares during the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wintrust Financial Price Performance

NASDAQ:WTFC opened at $127.51 on Thursday. Wintrust Financial Corporation has a 52-week low of $89.10 and a 52-week high of $142.04. The company has a market cap of $8.54 billion, a P/E ratio of 11.72 and a beta of 0.83. 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 stock’s 50-day simple moving average is $132.54 and its 200 day simple moving average is $125.59.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Monday, October 20th. The bank reported $3.06 EPS for the quarter, topping analysts’ consensus estimates of $2.63 by $0.43. The business had revenue of $697.84 million during the quarter, compared to analysts’ expectations of $689.10 million. Wintrust Financial had a return on equity of 13.05% and a net margin of 18.85%.During the same quarter last year, the company posted $2.47 earnings per share. As a group, sell-side analysts forecast that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on WTFC shares. Raymond James Financial restated a “strong-buy” rating and set a $157.00 target price (up previously from $155.00) on shares of Wintrust Financial in a report on Wednesday, July 23rd. Cowen reissued a “buy” rating on shares of Wintrust Financial in a research note on Wednesday, October 22nd. DA Davidson restated a “buy” rating and set a $158.00 price objective on shares of Wintrust Financial in a report on Tuesday, October 21st. Keefe, Bruyette & Woods increased their target price on shares of Wintrust Financial from $130.00 to $138.00 and gave the stock a “market perform” rating in a report on Wednesday, July 23rd. Finally, Jefferies Financial Group reduced their price target on shares of Wintrust Financial from $165.00 to $160.00 and set a “buy” rating on the stock in a research report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $152.92.

Wintrust Financial Company 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.