Wintrust Financial Co. (NASDAQ:WTFC) Shares Sold by American Century Companies Inc.

American Century Companies Inc. decreased its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 0.5% during the second quarter, HoldingsChannel reports. The firm owned 526,660 shares of the bank’s stock after selling 2,791 shares during the quarter. American Century Companies Inc.’s holdings in Wintrust Financial were worth $51,908,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Choreo LLC purchased a new stake in shares of Wintrust Financial in the 2nd quarter valued at $1,115,000. Arizona State Retirement System boosted its holdings in shares of Wintrust Financial by 2.7% in the 2nd quarter. Arizona State Retirement System now owns 17,286 shares of the bank’s stock valued at $1,704,000 after acquiring an additional 457 shares during the last quarter. Mesirow Institutional Investment Management Inc. boosted its holdings in shares of Wintrust Financial by 1.2% in the 2nd quarter. Mesirow Institutional Investment Management Inc. now owns 111,092 shares of the bank’s stock valued at $10,949,000 after acquiring an additional 1,266 shares during the last quarter. Fiera Capital Corp boosted its holdings in shares of Wintrust Financial by 1.1% in the 2nd quarter. Fiera Capital Corp now owns 443,284 shares of the bank’s stock valued at $43,690,000 after acquiring an additional 4,985 shares during the last quarter. Finally, Princeton Capital Management LLC purchased a new stake in shares of Wintrust Financial in the 2nd quarter valued at $204,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wall Street Analysts Forecast Growth

WTFC has been the topic of several recent research reports. Keefe, Bruyette & Woods downgraded shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $110.00 to $115.00 in a report on Friday, July 19th. Royal Bank of Canada increased their price target on shares of Wintrust Financial from $116.00 to $117.00 and gave the stock an “outperform” rating in a report on Tuesday, July 9th. Wedbush increased their price target on shares of Wintrust Financial from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, July 18th. Hovde Group reissued a “market perform” rating and set a $100.00 price target on shares of Wintrust Financial in a report on Friday, June 21st. Finally, Jefferies Financial Group lowered their price target on shares of Wintrust Financial from $118.00 to $116.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $117.85.

Wintrust Financial Stock Performance

NASDAQ:WTFC opened at $106.57 on Tuesday. 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 company has a fifty day moving average of $104.28 and a two-hundred day moving average of $100.32. The stock has a market capitalization of $6.58 billion, a PE ratio of 11.02 and a beta of 1.16. 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 posted 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 company had revenue of $591.76 million for the quarter, compared to analyst estimates 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 quarter in the prior year, the company posted $2.38 earnings per share. As a group, research analysts forecast that Wintrust Financial Co. will post 10.11 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend was Thursday, August 8th. Wintrust Financial’s dividend payout ratio (DPR) is 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.