Dimensional Fund Advisors LP Buys 80,526 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Dimensional Fund Advisors LP raised its stake in Wintrust Financial Co. (NASDAQ:WTFCFree Report) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,866,032 shares of the bank’s stock after acquiring an additional 80,526 shares during the quarter. Dimensional Fund Advisors LP owned about 4.68% of Wintrust Financial worth $265,829,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Quent Capital LLC boosted its stake in Wintrust Financial by 120.8% in the 4th quarter. Quent Capital LLC now owns 351 shares of the bank’s stock valued at $33,000 after purchasing an additional 192 shares during the period. GAMMA Investing LLC acquired a new position in shares of Wintrust Financial in the fourth quarter valued at about $41,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Wintrust Financial in the 4th quarter worth about $46,000. Huntington National Bank grew its position in shares of Wintrust Financial by 30.6% during the 3rd quarter. Huntington National Bank now owns 725 shares of the bank’s stock worth $55,000 after purchasing an additional 170 shares in the last quarter. Finally, Principal Securities Inc. bought a new position in shares of Wintrust Financial during the fourth quarter worth approximately $59,000. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Wintrust Financial news, insider Edward J. Wehmer sold 9,500 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total value of $943,920.00. Following the completion of the sale, the insider now directly owns 177,124 shares of the company’s stock, valued at approximately $17,599,040.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.47% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. UBS Group lifted their price objective on shares of Wintrust Financial from $105.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Stephens reissued an “overweight” rating and issued a $110.00 price target on shares of Wintrust Financial in a research note on Tuesday, April 16th. Barclays cut their price objective on Wintrust Financial from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. StockNews.com upgraded shares of Wintrust Financial from a “sell” rating to a “hold” rating in a report on Thursday, April 18th. Finally, Citigroup reduced their price objective on shares of Wintrust Financial from $115.00 to $113.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $112.33.

Check Out Our Latest Analysis on WTFC

Wintrust Financial Stock Performance

NASDAQ WTFC opened at $101.68 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.78. The company has a fifty day simple moving average of $99.28 and a 200 day simple moving average of $93.79. Wintrust Financial Co. has a 12-month low of $61.17 and a 12-month high of $105.29. The company has a market cap of $6.28 billion, a P/E ratio of 10.51 and a beta of 1.21.

Wintrust Financial (NASDAQ:WTFCGet Free Report) last issued its quarterly earnings data on Thursday, April 18th. The bank reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.47. Wintrust Financial had a return on equity of 13.09% and a net margin of 17.86%. The firm had revenue of $604.77 million during the quarter, compared to analyst estimates of $577.80 million. During the same period in the previous year, the company posted $2.80 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. Sell-side analysts predict that Wintrust Financial Co. will post 10.17 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be paid a $0.45 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $1.80 annualized dividend and a dividend yield of 1.77%. Wintrust Financial’s payout ratio is 18.61%.

Wintrust Financial Profile

(Free Report)

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.

Read More

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

Receive News & Ratings for Wintrust Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wintrust Financial and related companies with MarketBeat.com's FREE daily email newsletter.