HighTower Advisors LLC Purchases 17,325 Shares of Wintrust Financial Corporation $WTFC

by · The Markets Daily

HighTower Advisors LLC increased its position in shares of Wintrust Financial Corporation (NASDAQ:WTFCFree Report) by 90.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,483 shares of the bank’s stock after acquiring an additional 17,325 shares during the period. HighTower Advisors LLC owned approximately 0.05% of Wintrust Financial worth $5,864,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. purchased a new position in shares of Wintrust Financial during the 1st quarter valued at $27,000. Jones Financial Companies Lllp increased its holdings in shares of Wintrust Financial by 49.0% in the first quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank’s stock worth $115,000 after purchasing an additional 335 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Wintrust Financial by 7.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 179,430 shares of the bank’s stock worth $20,179,000 after buying an additional 12,103 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Wintrust Financial by 400.0% in the second quarter. EverSource Wealth Advisors LLC now owns 400 shares of the bank’s stock worth $50,000 after buying an additional 320 shares in the last quarter. Finally, Cerity Partners LLC boosted its stake in Wintrust Financial by 1.6% during the second quarter. Cerity Partners LLC now owns 23,120 shares of the bank’s stock valued at $2,866,000 after buying an additional 355 shares during the period. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WTFC has been the subject of several recent analyst reports. Capital One Financial set a $170.00 target price on Wintrust Financial in a research report on Tuesday, July 21st. Barclays lifted their price target on Wintrust Financial from $190.00 to $192.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Weiss Ratings restated a “buy (b)” rating on shares of Wintrust Financial in a research report on Monday, June 29th. Citigroup downgraded shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Finally, Piper Sandler set a $186.00 target price on shares of Wintrust Financial in a research report on Wednesday, July 22nd. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.77.

Read Our Latest Stock Analysis on Wintrust Financial

Insider Transactions at Wintrust Financial

In other news, COO David Dykstra sold 13,515 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $162.77, for a total transaction of $2,199,836.55. Following the transaction, the chief operating officer directly owned 166,449 shares of the company’s stock, valued at approximately $27,092,903.73. This trade represents a 7.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.24% of the stock is currently owned by insiders.

Wintrust Financial Stock Performance

NASDAQ:WTFC opened at $150.75 on Friday. The company has a market capitalization of $10.17 billion, a price-to-earnings ratio of 12.11 and a beta of 0.84. The business has a 50 day moving average of $158.02 and a 200 day moving average of $150.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97. Wintrust Financial Corporation has a 1-year low of $119.61 and a 1-year high of $167.21.

Wintrust Financial (NASDAQ:WTFCGet Free Report) last issued its quarterly earnings results on Monday, July 20th. The bank reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.15. The business had revenue of $738.63 million for the quarter, compared to analysts’ expectations of $735.36 million. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the business earned $2.78 earnings per share. On average, sell-side analysts predict that Wintrust Financial Corporation will post 13.04 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.5%. The ex-dividend date was Thursday, August 6th. Wintrust Financial’s dividend payout ratio is presently 17.67%.

Wintrust Financial Company Profile

(Free Report)

Wintrust Financial Corporation (NASDAQ: WTFC) is a financial services company and bank holding company headquartered in Rosemont, Illinois. Founded in 1991, the company operates a network of community banks that serve individuals, families, businesses and institutions.

Wintrust’s banking operations provide deposit accounts, commercial and consumer lending, mortgage financing, treasury management, payment services and other traditional banking products. Through specialized subsidiaries and affiliated businesses, the company also offers wealth management, investment services, insurance premium financing, equipment leasing and related financial solutions.

The company primarily serves communities in the greater Chicago metropolitan area and has expanded its banking presence into surrounding Midwestern markets, including parts of Wisconsin and Indiana.

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