Concurrent Investment Advisors LLC Raises Position in Wintrust Financial Co. (NASDAQ:WTFC)

Concurrent Investment Advisors LLC increased its position in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 1.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,304 shares of the bank’s stock after purchasing an additional 145 shares during the period. Concurrent Investment Advisors LLC’s holdings in Wintrust Financial were worth $1,016,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Wintrust Financial by 11.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 866 shares of the bank’s stock worth $85,000 after buying an additional 91 shares in the last quarter. Shaker Investments LLC OH raised its position in Wintrust Financial by 0.3% in the first quarter. Shaker Investments LLC OH now owns 34,256 shares of the bank’s stock worth $3,576,000 after acquiring an additional 112 shares in the last quarter. Oliver Luxxe Assets LLC lifted its holdings in Wintrust Financial by 1.7% in the first quarter. Oliver Luxxe Assets LLC now owns 9,290 shares of the bank’s stock valued at $970,000 after acquiring an additional 157 shares during the period. Access Investment Management LLC boosted its position in shares of Wintrust Financial by 1.0% during the 2nd quarter. Access Investment Management LLC now owns 17,700 shares of the bank’s stock worth $1,745,000 after purchasing an additional 170 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Wintrust Financial by 14.4% during the 2nd quarter. Blue Trust Inc. now owns 1,431 shares of the bank’s stock worth $149,000 after purchasing an additional 180 shares during the period. Institutional investors and hedge funds own 93.48% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on WTFC shares. DA Davidson boosted their price objective on shares of Wintrust Financial from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Hovde Group restated a “market perform” rating and issued a $100.00 price target on shares of Wintrust Financial in a report on Friday, June 21st. Royal Bank of Canada raised their price objective on Wintrust Financial from $116.00 to $117.00 and gave the company an “outperform” rating in a research note on Tuesday, July 9th. Truist Financial boosted their target price on Wintrust Financial from $107.00 to $118.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Finally, Keefe, Bruyette & Woods cut Wintrust Financial from an “outperform” rating to a “market perform” rating and raised their price target for the company from $110.00 to $115.00 in a research report on Friday, July 19th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Wintrust Financial currently has an average rating of “Moderate Buy” and an average price target of $117.85.

Wintrust Financial Trading Up 1.4 %

Wintrust Financial stock opened at $108.80 on Monday. The stock has a market cap of $7.24 billion, a PE ratio of 11.25 and a beta of 1.16. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.85. The stock has a 50-day moving average price of $102.54 and a 200 day moving average price of $99.67. Wintrust Financial Co. has a 52 week low of $71.86 and a 52 week high of $113.68.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Wednesday, July 17th. The bank reported $2.32 EPS for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.10). The firm had revenue of $591.76 million for the quarter, compared to analysts’ expectations of $587.33 million. Wintrust Financial had a return on equity of 12.71% and a net margin of 17.02%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.38 earnings per share. Equities research analysts predict that Wintrust Financial Co. will post 10.11 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Thursday, August 8th. Wintrust Financial’s dividend payout ratio is presently 18.61%.

About Wintrust Financial

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.