Commonwealth Equity Services LLC Buys 224 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Commonwealth Equity Services LLC grew its stake in Wintrust Financial Co. (NASDAQ:WTFC) by 2.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,058 shares of the bank’s stock after acquiring an additional 224 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Wintrust Financial were worth $893,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Johnson Financial Group Inc. purchased a new position in shares of Wintrust Financial in the fourth quarter worth $25,000. Concord Wealth Partners purchased a new position in shares of Wintrust Financial in the first quarter worth $26,000. Opal Wealth Advisors LLC purchased a new position in shares of Wintrust Financial in the first quarter worth $27,000. Versant Capital Management Inc raised its stake in shares of Wintrust Financial by 825.0% in the second quarter. Versant Capital Management Inc now owns 296 shares of the bank’s stock worth $29,000 after purchasing an additional 264 shares during the last quarter. Finally, DHJJ Financial Advisors Ltd. raised its stake in shares of Wintrust Financial by 70.0% in the first quarter. DHJJ Financial Advisors Ltd. now owns 488 shares of the bank’s stock worth $51,000 after purchasing an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Analyst Ratings Changes

WTFC has been the subject of a number of research reports. Wedbush upped their price objective on Wintrust Financial from $115.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. Royal Bank of Canada upped their price objective on Wintrust Financial from $116.00 to $117.00 and gave the company an “outperform” rating in a research report on Tuesday, July 9th. DA Davidson upped their price objective on Wintrust Financial from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Piper Sandler upped their price objective on Wintrust Financial from $113.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Finally, Jefferies Financial Group reduced their price objective on Wintrust Financial from $118.00 to $116.00 and set a “buy” rating for the company in a research report on Wednesday, July 3rd. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Wintrust Financial has an average rating of “Moderate Buy” and an average price target of $117.85.

Wintrust Financial Stock Performance

NASDAQ:WTFC opened at $108.07 on Wednesday. The stock has a 50-day simple moving average of $104.28 and a two-hundred day simple moving average of $100.32. Wintrust Financial Co. has a 52-week low of $71.86 and a 52-week high of $113.68. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $6.67 billion, a PE ratio of 11.18 and a beta of 1.16.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Wednesday, July 17th. The bank reported $2.32 earnings per share for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.10). The business had revenue of $591.76 million during the quarter, compared to the consensus estimate of $587.33 million. Wintrust Financial had a return on equity of 12.71% and a net margin of 17.02%. The business’s revenue was up 5.6% on a year-over-year basis. During the same period last year, the company earned $2.38 EPS. Analysts forecast that Wintrust Financial Co. will post 10.11 EPS for the current year.

Wintrust Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Thursday, August 8th. Wintrust Financial’s dividend payout ratio (DPR) is 18.61%.

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.