Wintrust Financial Corporation (WTFC) Shares Bought by Rhumbline Advisers
Rhumbline Advisers increased its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 1.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 129,685 shares of the bank’s stock after buying an additional 1,358 shares during the period. Rhumbline Advisers owned 0.23% of Wintrust Financial worth $10,156,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in WTFC. Advisors Asset Management Inc. bought a new stake in shares of Wintrust Financial during the 2nd quarter worth about $121,000. Meeder Asset Management Inc. bought a new stake in shares of Wintrust Financial during the 3rd quarter worth about $183,000. Csenge Advisory Group bought a new stake in shares of Wintrust Financial during the 3rd quarter worth about $212,000. Adviser Investments LLC bought a new stake in shares of Wintrust Financial during the 3rd quarter worth about $214,000. Finally, Essex Investment Management Co. LLC bought a new stake in shares of Wintrust Financial during the 2nd quarter worth about $215,000. 92.36% of the stock is owned by institutional investors and hedge funds.
Several analysts recently commented on WTFC shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $82.00 target price on shares of Wintrust Financial in a report on Tuesday, August 22nd. ValuEngine upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Zacks Investment Research upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Saturday, September 2nd. Royal Bank Of Canada reiterated a “buy” rating and issued a $84.00 price objective on shares of Wintrust Financial in a research note on Friday, September 8th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $74.00 price objective on shares of Wintrust Financial in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $81.38.
Shares of Wintrust Financial Corporation (WTFC) opened at $78.48 on Friday. Wintrust Financial Corporation has a 12 month low of $61.46 and a 12 month high of $82.16. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.40. The firm has a market cap of $4,388.84, a PE ratio of 18.82, a price-to-earnings-growth ratio of 1.33 and a beta of 0.83.
Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.04. The business had revenue of $295.70 million during the quarter, compared to analysts’ expectations of $298.96 million. Wintrust Financial had a net margin of 19.74% and a return on equity of 9.32%. The business’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.92 EPS. equities analysts expect that Wintrust Financial Corporation will post 4.38 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Thursday, November 9th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Wednesday, November 8th. Wintrust Financial’s payout ratio is presently 13.43%.
In other news, Director Gary D. Sweeney bought 338 shares of the company’s stock in a transaction dated Tuesday, October 24th. The stock was bought at an average cost of $80.58 per share, for a total transaction of $27,236.04. Following the transaction, the director now owns 2,973 shares of the company’s stock, valued at $239,564.34. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP David A. Dykstra sold 22,476 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $79.86, for a total transaction of $1,794,933.36. Following the completion of the transaction, the executive vice president now owns 188,604 shares of the company’s stock, valued at $15,061,915.44. The disclosure for this sale can be found here. Insiders sold a total of 44,500 shares of company stock valued at $3,563,512 over the last 90 days. Corporate insiders own 2.00% of the company’s stock.
Wintrust Financial Profile
Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.
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