Wintrust Financial Co. (NASDAQ:WTFC) Shares Acquired by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC lifted its position in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 1.7% during the first quarter, Holdings Channel reports. The firm owned 9,290 shares of the bank’s stock after acquiring an additional 157 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Wintrust Financial were worth $970,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Treasurer of the State of North Carolina grew its holdings in shares of Wintrust Financial by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 26,713 shares of the bank’s stock worth $2,017,000 after buying an additional 140 shares during the last quarter. Quent Capital LLC grew its holdings in shares of Wintrust Financial by 120.8% during the fourth quarter. Quent Capital LLC now owns 351 shares of the bank’s stock worth $33,000 after buying an additional 192 shares during the last quarter. DHJJ Financial Advisors Ltd. grew its holdings in shares of Wintrust Financial by 70.0% during the first quarter. DHJJ Financial Advisors Ltd. now owns 488 shares of the bank’s stock worth $51,000 after buying an additional 201 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Wintrust Financial by 24.5% during the fourth quarter. Blue Trust Inc. now owns 1,026 shares of the bank’s stock worth $95,000 after buying an additional 202 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of Wintrust Financial by 6.1% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,011 shares of the bank’s stock worth $372,000 after buying an additional 232 shares during the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wintrust Financial Price Performance

Shares of NASDAQ:WTFC opened at $99.47 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.98 and a quick ratio of 0.97. Wintrust Financial Co. has a 12 month low of $70.25 and a 12 month high of $105.29. The firm has a market capitalization of $6.14 billion, a price-to-earnings ratio of 10.29 and a beta of 1.18. The business’s 50 day simple moving average is $97.66 and its 200-day simple moving average is $96.92.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Thursday, April 18th. The bank reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.47. Wintrust Financial had a return on equity of 13.09% and a net margin of 17.86%. The firm had revenue of $604.77 million during the quarter, compared to the consensus estimate of $577.80 million. During the same period in the previous year, the firm posted $2.80 EPS. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, equities analysts forecast that Wintrust Financial Co. will post 10.13 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 9th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, May 8th. This represents a $1.80 annualized dividend and a dividend yield of 1.81%. Wintrust Financial’s dividend payout ratio is currently 18.61%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on WTFC shares. Barclays lowered their price objective on Wintrust Financial from $135.00 to $130.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. StockNews.com raised Wintrust Financial from a “sell” rating to a “hold” rating in a report on Thursday, April 18th. Stephens reaffirmed an “overweight” rating and issued a $110.00 price objective on shares of Wintrust Financial in a report on Tuesday, April 16th. Truist Financial lowered their price objective on Wintrust Financial from $117.00 to $112.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Finally, Hovde Group reaffirmed a “market perform” rating and issued a $100.00 price objective on shares of Wintrust Financial in a report on Friday, June 21st. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Wintrust Financial currently has an average rating of “Moderate Buy” and a consensus price target of $111.38.

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.