Blair William & Co. IL Sells 284 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Blair William & Co. IL decreased its holdings in Wintrust Financial Co. (NASDAQ:WTFC) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,130 shares of the bank’s stock after selling 284 shares during the quarter. Blair William & Co. IL’s holdings in Wintrust Financial were worth $1,885,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in WTFC. Vanguard Group Inc. lifted its holdings in Wintrust Financial by 3.9% during the first quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank’s stock valued at $673,603,000 after purchasing an additional 244,168 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Wintrust Financial by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,017,295 shares of the bank’s stock worth $297,376,000 after buying an additional 146,090 shares during the period. Capital International Investors increased its stake in Wintrust Financial by 4.6% in the 1st quarter. Capital International Investors now owns 1,638,085 shares of the bank’s stock worth $171,000,000 after buying an additional 72,082 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Wintrust Financial by 54.6% during the first quarter. Principal Financial Group Inc. now owns 1,330,263 shares of the bank’s stock valued at $138,866,000 after acquiring an additional 469,640 shares during the period. Finally, Federated Hermes Inc. lifted its position in shares of Wintrust Financial by 1.8% in the second quarter. Federated Hermes Inc. now owns 815,466 shares of the bank’s stock valued at $80,372,000 after acquiring an additional 14,087 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors.

Wintrust Financial Price Performance

Shares of WTFC opened at $108.21 on Tuesday. The company has a market capitalization of $6.68 billion, a P/E ratio of 11.19 and a beta of 1.16. The business’s 50-day moving average is $104.87 and its two-hundred day moving average is $100.69. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.99 and a current ratio of 0.99. Wintrust Financial Co. has a fifty-two week low of $71.86 and a fifty-two week high of $113.68.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Wednesday, July 17th. The bank reported $2.32 earnings per share (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% on a year-over-year basis. During the same period last year, the company posted $2.38 earnings per share. Research analysts predict that Wintrust Financial Co. will post 10.11 earnings per share for the current year.

Wintrust Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Thursday, August 8th. Wintrust Financial’s dividend payout ratio is presently 18.61%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WTFC. Wedbush lifted their price objective on shares of Wintrust Financial from $115.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. Jefferies Financial Group decreased their price target on shares of Wintrust Financial from $118.00 to $116.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Keefe, Bruyette & Woods lowered Wintrust Financial from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $110.00 to $115.00 in a research report on Friday, July 19th. Piper Sandler boosted their target price on Wintrust Financial from $113.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Finally, Hovde Group restated a “market perform” rating and set a $100.00 price target on shares of Wintrust Financial in a report on Friday, June 21st. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Wintrust Financial currently has an average rating of “Moderate Buy” and a consensus price target of $118.23.

Wintrust Financial 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.