Crestline Management LP bought a new position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,000 shares of the bank’s stock, valued at approximately $1,018,000.
A number of other institutional investors have also bought and sold shares of the stock. Advisors Asset Management Inc. purchased a new position in shares of Wintrust Financial in the 2nd quarter worth about $121,000. Meeder Asset Management Inc. purchased a new position in shares of Wintrust Financial in the 3rd quarter worth about $183,000. Magnetar Financial LLC purchased a new position in shares of Wintrust Financial in the 3rd quarter worth about $204,000. Csenge Advisory Group purchased a new position in shares of Wintrust Financial in the 3rd quarter worth about $212,000. Finally, Adviser Investments LLC purchased a new position in shares of Wintrust Financial in the 3rd quarter worth about $214,000. Institutional investors and hedge funds own 91.71% of the company’s stock.
WTFC has been the subject of a number of research reports. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $82.00 price objective on shares of Wintrust Financial in a report on Tuesday, August 22nd. Zacks Investment Research cut Wintrust Financial from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Piper Jaffray Companies reiterated a “hold” rating and issued a $74.00 price objective on shares of Wintrust Financial in a report on Friday, September 1st. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $84.00 price objective on shares of Wintrust Financial in a report on Friday, September 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $82.50.
Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.04. Wintrust Financial had a return on equity of 9.32% and a net margin of 19.74%. The company had revenue of $295.70 million during the quarter, compared to analyst estimates of $298.96 million. During the same quarter in the previous year, the company posted $0.92 EPS. Wintrust Financial’s revenue for the quarter was up 9.0% on a year-over-year basis. sell-side analysts anticipate that Wintrust Financial Corporation will post 4.38 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Thursday, November 9th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Wednesday, November 8th. Wintrust Financial’s dividend payout ratio (DPR) is presently 13.43%.
In other Wintrust Financial news, Director Ingrid S. Stafford sold 1,405 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $80.63, for a total transaction of $113,285.15. Following the completion of the transaction, the director now owns 20,746 shares of the company’s stock, valued at approximately $1,672,749.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David A. Dykstra sold 22,476 shares of the company’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 value of $1,794,933.36. Following the transaction, the executive vice president now directly owns 188,604 shares of the company’s stock, valued at approximately $15,061,915.44. The disclosure for this sale can be found here. In the last three months, insiders sold 44,500 shares of company stock valued at $3,563,512. 1.97% of the stock is currently owned by corporate insiders.
Wintrust Financial Company 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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