HighPoint Advisor Group LLC Acquires New Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

HighPoint Advisor Group LLC bought a new position in shares of Wintrust Financial Co. (NASDAQ:WTFC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,834 shares of the bank’s stock, valued at approximately $385,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Johnson Financial Group Inc. purchased a new stake in Wintrust Financial in the fourth quarter valued at about $25,000. Quent Capital LLC boosted its stake in Wintrust Financial by 120.8% in the 4th quarter. Quent Capital LLC now owns 351 shares of the bank’s stock worth $33,000 after purchasing an additional 192 shares in the last quarter. GAMMA Investing LLC purchased a new stake in Wintrust Financial during the 4th quarter worth approximately $41,000. McGlone Suttner Wealth Management Inc. acquired a new position in Wintrust Financial during the 4th quarter valued at approximately $46,000. Finally, Principal Securities Inc. acquired a new stake in shares of Wintrust Financial during the fourth quarter worth $59,000. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Stock Up 0.2 %

WTFC stock opened at $93.74 on Friday. The firm’s fifty day moving average is $97.71 and its 200 day moving average is $96.62. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.97 and a current ratio of 0.98. Wintrust Financial Co. has a one year low of $67.61 and a one year high of $105.29. The firm has a market cap of $5.79 billion, a PE ratio of 9.69 and a beta of 1.19.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Thursday, April 18th. The bank reported $2.89 earnings per share for the quarter, beating 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 analyst estimates of $577.80 million. During the same quarter in the previous year, the business earned $2.80 EPS. Wintrust Financial’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, research analysts forecast that Wintrust Financial Co. will post 10.14 EPS for the current year.

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 9th were paid a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, May 8th. This represents a $1.80 dividend on an annualized basis and a yield of 1.92%. Wintrust Financial’s dividend payout ratio is currently 18.61%.

Wall Street Analysts Forecast Growth

WTFC has been the topic of several research reports. Truist Financial cut their target price on Wintrust Financial from $117.00 to $112.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Royal Bank of Canada lifted their target price on Wintrust Financial from $109.00 to $116.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. Jefferies Financial Group raised their price target on shares of Wintrust Financial from $114.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Stephens reaffirmed an “overweight” rating and issued a $110.00 price objective on shares of Wintrust Financial in a report on Tuesday, April 16th. Finally, StockNews.com raised shares of Wintrust Financial from a “sell” rating to a “hold” rating in a report on Thursday, April 18th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $112.33.

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.