Swiss National Bank holds $12.4 million equity position in Wintrust Financial Co. (NASDAQ:WTFC)

Financial Advisors


The Swiss National Bank increased its stake in Wintrust Financial Company (NASDAQ:WTFC – Get Rating) by 8.0% in the fourth quarter, according to the company’s latest filings with the SEC. The fund held 146,667 bank shares after purchasing an additional 10,900 shares during the period. The Swiss National Bank held approximately 0.24% of Wintrust Financial, worth $12.396 million, at the time of its latest filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Parkside Financial Bank & Trust increased its stake in Wintrust Financial by 37.3% in the third quarter. Parkside Financial Bank and Trust purchased an additional 126 shares during the period and now owns 464 bank shares valued at $38,000. BDO Wealth Advisors LLC increased his stake in Wintrust Financial by 6,200.0% in the fourth quarter. BDO Wealth Advisors LLC purchased an additional 558 shares during the period and now owns 567 shares of the bank, valued at $48,000. Romano Brothers AND Company purchased new shares of Wintrust Financial in the fourth quarter for a value of approximately $71,000. Quadrant Capital Group LLC increased its stake in Wintrust Financial by 44.6% in the third quarter. Quadrant Capital Group LLC purchased an additional 311 shares during the period and now owns 1,008 bank shares worth $82,000. Finally, Accurate Wealth Management LLC purchased new shares of Wintrust Financial worth approximately $134,000 in the fourth quarter. Institutional investors and hedge funds hold 89.47% of the company’s shares.

Analysts set new price target

Many analysts have published reports on the stock. StockNews.com downgraded Wintrust Financial’s shares from a ‘hold’ rating to a ‘sell’ rating in a report on Monday, May 8. Trust Financial lowered its target price for Wintrust Financial shares to $80.00 from $87.00 in a report on Monday, April 24. UBS Group lowered its price target on Wintrust Financial from $76.00 to $75.00 in a report on Tuesday, April 25. In a report on Friday, April 21, Davidson lowered his price target on Wintrust Financial shares to $82.00 from $84.00 and set the company’s rating to “buy.” Finally, Royal Bank of Canada reaffirmed its ‘outperform’ rating in its report on Friday, April 21, setting a price target of $95.00 on Wintrust Financial shares. One equity research analyst gave the company a sell rating, one hold rating, eight buy ratings, and one strong buy rating. Based on MarketBeat data, the company currently has an average rating of “Moderate Buy” with a consensus price target of $94.73.

Insider trading on Wintrust Financial

In other news, director H Patrick Hackett Jr. acquired 7,100 shares of the company in a transaction on Monday, March 13th. The shares were bought at an average of $73.31 per share for him, giving him a total trading value of $520,501.00. Following the closing of the transaction, the directors will own directly 47,173 shares of the company, valued at approximately $3,458,252.63. The acquisition was disclosed in documents filed with the Securities and Exchange Commission, which can be accessed via this hyperlink. In other news, CEO Timothy Crane acquired 1,500 shares of the company in a transaction on Thursday, May 11. The shares were bought at an average price of $60.87 per share, giving him a total trading value of $91,305.00. Following the closing of the transaction, the Chief Executive Officer will directly own 42,707 shares of the Company’s stock valued at approximately $2,599,575.09. The acquisition was disclosed in documents filed with the Securities and Exchange Commission, which can be accessed via this hyperlink. In addition, director H Patrick Hackett Jr. acquired 7,100 shares of the company in a transaction on Monday, March 13. The shares were purchased at his average price per share of $73.31, giving him a total of $520,501.00. Following the closing of the transaction, the directors own 47,173 shares of the Company’s stock valued at $3,458,252.63. Disclosure information regarding this acquisition can be found here. Corporate insiders own 1.41% of the company’s shares.

Wintrust financial price performance

NASDAQ:WTFC shares opened at $60.91 on Monday. The company has a market cap of $3.73 billion, a price/earnings multiple of 6.98, a PEG ratio of 0.37, and a beta of 1.17. The company has a debt to equity ratio of 0.78, a current ratio of 0.99 and a quick ratio of 0.99. The company’s 50-day simple moving average is $71.31 and its 200-day simple moving average is $82.72. Wintrust Financial hit a one-year low of $57.48 and a one-year high of $97.81.

Wintrust Financial (NASDAQ:WTFC – Get Rating) announced its final quarterly results on Thursday, April 20th. The bank reported earnings per share (EPS) of $2.80 for the quarter, $0.25 above consensus expectations of $2.55. Wintrust Financial’s net profit margin was 22.82% and return on equity was 12.84%. The company’s revenue for the quarter was $565.76 million, compared with analysts’ expectations of $567.68 million. In the same period last year, the company recorded his EPS of $2.07. The company’s revenue increased by 22.4% year-on-year. Research analysts expect Wintrust Financial to post earnings per share of $9.96 for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently announced a quarterly dividend to be paid on Thursday, May 25. Shareholders of record on Thursday, May 11 will receive a dividend of $0.40. This equates to an annualized dividend of $1.60 and a yield of 2.63%. The ex-dividend date for this dividend will be May 10 (Wednesday). Wintrust Financial’s Dividend Payout Ratio (DPR) is currently 18.33%.

Wintrust Financial Profile

(get rating)

Wintrust Financial Corp. operates as a holding company engaged in the provision of banking and financial services. It operates through its Community Banking, Specialty Finance and Wealth Management divisions. The Community Banking segment provides community-oriented personal and commercial banking services to customers within its market regions.

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Want to know if other hedge funds hold WTFC? Visit HoldingsChannel.com to get Wintrust Financial Co.’s (NASDAQ:WTFC – Get Rating) latest 13F filings and insider trading.

Quarterly institutional ownership of Wintrust Financial (NASDAQ:WTFC)

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