Wintrust Financial Co. (NASDAQ:WTFC) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its stake in Wintrust Financial Co. (NASDAQ:WTFC) by 18.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,591 shares of the bank’s stock after purchasing an additional 2,862 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Wintrust Financial were worth $1,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Concord Wealth Partners purchased a new stake in Wintrust Financial in the first quarter valued at approximately $26,000. Opal Wealth Advisors LLC acquired a new stake in Wintrust Financial in the 1st quarter valued at about $27,000. Johnson Financial Group Inc. purchased a new position in shares of Wintrust Financial during the 4th quarter worth approximately $25,000. Versant Capital Management Inc increased its position in Wintrust Financial by 825.0% during the second quarter. Versant Capital Management Inc now owns 296 shares of the bank’s stock worth $29,000 after buying an additional 264 shares in the last quarter. Finally, DHJJ Financial Advisors Ltd. raised its stake in Wintrust Financial by 70.0% in the 1st quarter. DHJJ Financial Advisors Ltd. now owns 488 shares of the bank’s stock valued at $51,000 after purchasing an additional 201 shares during the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Jefferies Financial Group decreased their price target on Wintrust Financial from $118.00 to $116.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Truist Financial raised their target price on Wintrust Financial from $107.00 to $118.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Piper Sandler upped their price objective on shares of Wintrust Financial from $113.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Stephens reissued an “overweight” rating and set a $115.00 price target on shares of Wintrust Financial in a research report on Thursday, July 18th. Finally, Hovde Group reiterated a “market perform” rating and issued a $100.00 price target on shares of Wintrust Financial in a research note on Friday, June 21st. Three 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 company. Based on data from MarketBeat, Wintrust Financial currently has an average rating of “Moderate Buy” and an average price target of $117.85.

Wintrust Financial Stock Performance

WTFC opened at $107.82 on Thursday. The stock has a 50-day moving average of $104.47 and a 200-day moving average of $100.40. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.99 and a current ratio of 0.99. Wintrust Financial Co. has a 52-week low of $71.86 and a 52-week high of $113.68. The company has a market cap of $7.17 billion, a PE ratio of 11.15 and a beta of 1.16.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly 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 net margin of 17.02% and a return on equity of 12.71%. The company had revenue of $591.76 million for the quarter, compared to analyst estimates of $587.33 million. During the same quarter last year, the business earned $2.38 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, equities research analysts forecast that Wintrust Financial Co. will post 10.11 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Thursday, August 8th. Wintrust Financial’s dividend payout ratio is 18.61%.

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.