Mutual of America Capital Management LLC Reduces Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

Mutual of America Capital Management LLC reduced its holdings in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 1.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 104,018 shares of the bank’s stock after selling 1,000 shares during the period. Mutual of America Capital Management LLC owned approximately 0.17% of Wintrust Financial worth $10,252,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. grew its position in Wintrust Financial by 11.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 866 shares of the bank’s stock worth $85,000 after purchasing an additional 91 shares during the last quarter. Shaker Investments LLC OH boosted its holdings in shares of Wintrust Financial by 0.3% in the first quarter. Shaker Investments LLC OH now owns 34,256 shares of the bank’s stock valued at $3,576,000 after acquiring an additional 112 shares in the last quarter. Concurrent Investment Advisors LLC boosted its holdings in shares of Wintrust Financial by 1.4% in the second quarter. Concurrent Investment Advisors LLC now owns 10,304 shares of the bank’s stock valued at $1,016,000 after acquiring an additional 145 shares in the last quarter. Oliver Luxxe Assets LLC boosted its holdings in shares of Wintrust Financial by 1.7% in the first quarter. Oliver Luxxe Assets LLC now owns 9,290 shares of the bank’s stock valued at $970,000 after acquiring an additional 157 shares in the last quarter. Finally, Access Investment Management LLC lifted its stake in shares of Wintrust Financial by 1.0% in the second quarter. Access Investment Management LLC now owns 17,700 shares of the bank’s stock valued at $1,745,000 after purchasing an additional 170 shares during the period. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WTFC. Truist Financial raised their price objective on shares of Wintrust Financial from $107.00 to $118.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Keefe, Bruyette & Woods downgraded shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $110.00 to $115.00 in a report on Friday, July 19th. Stephens restated an “overweight” rating and issued a $115.00 target price on shares of Wintrust Financial in a report on Thursday, July 18th. DA Davidson boosted their price objective on shares of Wintrust Financial from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, Royal Bank of Canada boosted their target price on shares of Wintrust Financial from $116.00 to $117.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 9th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $117.85.

Wintrust Financial Trading Down 0.2 %

Shares of Wintrust Financial stock opened at $107.82 on Thursday. The business has a fifty day simple moving average of $104.47 and a two-hundred day simple moving average of $100.40. Wintrust Financial Co. has a 1 year low of $71.86 and a 1 year high of $113.68. The company has a market capitalization of $7.17 billion, a price-to-earnings ratio of 11.15 and a beta of 1.16. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.99 and a quick ratio of 0.99.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Wednesday, July 17th. The bank reported $2.32 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $587.33 million. During the same quarter in the previous year, the business posted $2.38 EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. Research analysts forecast that Wintrust Financial Co. will post 10.11 EPS for the current year.

Wintrust Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Thursday, August 8th. Wintrust Financial’s dividend payout ratio is currently 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.