Wintrust Financial Co. (NASDAQ:WTFC) Shares Bought by Sei Investments Co.

Sei Investments Co. grew its stake in Wintrust Financial Co. (NASDAQ:WTFC) by 25.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 148,151 shares of the bank’s stock after acquiring an additional 29,839 shares during the quarter. Sei Investments Co. owned about 0.24% of Wintrust Financial worth $14,602,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Intech Investment Management LLC purchased a new stake in shares of Wintrust Financial in the second quarter valued at about $446,000. Inspire Investing LLC grew its stake in shares of Wintrust Financial by 4.4% in the 2nd quarter. Inspire Investing LLC now owns 3,574 shares of the bank’s stock valued at $352,000 after buying an additional 151 shares during the period. XTX Topco Ltd purchased a new stake in shares of Wintrust Financial in the 2nd quarter valued at approximately $265,000. Hsbc Holdings PLC increased its holdings in shares of Wintrust Financial by 910.1% during the 2nd quarter. Hsbc Holdings PLC now owns 20,181 shares of the bank’s stock worth $1,976,000 after buying an additional 18,183 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of Wintrust Financial by 13.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,666 shares of the bank’s stock valued at $459,000 after buying an additional 552 shares during the period. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wintrust Financial Stock Performance

NASDAQ:WTFC opened at $107.06 on Friday. Wintrust Financial Co. has a 52 week low of $71.86 and a 52 week high of $113.68. The company has a fifty day simple moving average of $104.68 and a two-hundred day simple moving average of $100.84. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.85. The company has a market cap of $7.12 billion, a price-to-earnings ratio of 11.07 and a beta of 1.16.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Wednesday, July 17th. The bank reported $2.32 EPS for the quarter, missing the consensus estimate of $2.42 by ($0.10). Wintrust Financial had a return on equity of 12.71% and a net margin of 17.02%. The company had revenue of $591.76 million for the quarter, compared to analyst estimates of $587.33 million. During the same period in the previous year, the firm earned $2.38 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, equities analysts anticipate that Wintrust Financial Co. will post 10.12 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, August 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.68%. Wintrust Financial’s payout ratio is 18.61%.

Analyst Ratings Changes

Several research analysts recently weighed in on WTFC shares. Stephens reiterated an “overweight” rating and issued a $115.00 price objective on shares of Wintrust Financial in a research report on Thursday, July 18th. Hovde Group reissued a “market perform” rating and set a $100.00 price objective on shares of Wintrust Financial in a research report on Friday, June 21st. Jefferies Financial Group decreased their target price on shares of Wintrust Financial from $118.00 to $116.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Truist Financial lifted their price target on shares of Wintrust Financial from $118.00 to $123.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Finally, Wedbush upped their price objective 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. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $118.23.

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.