Interval Partners LP Has $1.62 Million Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

Interval Partners LP lessened its holdings in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 62.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,471 shares of the bank’s stock after selling 27,959 shares during the quarter. Interval Partners LP’s holdings in Wintrust Financial were worth $1,623,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in WTFC. Janney Montgomery Scott LLC raised its stake in Wintrust Financial by 11.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 6,104 shares of the bank’s stock worth $566,000 after buying an additional 614 shares during the period. Norges Bank acquired a new stake in Wintrust Financial during the 4th quarter worth $61,898,000. PNC Financial Services Group Inc. raised its stake in Wintrust Financial by 84.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,745 shares of the bank’s stock worth $533,000 after buying an additional 2,623 shares during the period. Corient Private Wealth LLC acquired a new stake in shares of Wintrust Financial in the 4th quarter valued at about $541,000. Finally, Assetmark Inc. raised its stake in shares of Wintrust Financial by 210,500.0% in the 4th quarter. Assetmark Inc. now owns 2,106 shares of the bank’s stock valued at $195,000 after purchasing an additional 2,105 shares during the period. Institutional investors and hedge funds own 93.48% of the company’s stock.

Analyst Ratings Changes

WTFC has been the topic of several recent research reports. Keefe, Bruyette & Woods downgraded Wintrust Financial from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $110.00 to $115.00 in a research note on Friday, July 19th. Stephens reissued an “overweight” rating and issued a $115.00 price target on shares of Wintrust Financial in a research note on Thursday, July 18th. Hovde Group reissued a “market perform” rating and issued a $100.00 price target on shares of Wintrust Financial in a research note on Friday, June 21st. Wedbush lifted their price target on shares of Wintrust Financial from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. Finally, DA Davidson increased 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. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Wintrust Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.23.

Wintrust Financial Price Performance

NASDAQ:WTFC opened at $108.21 on Tuesday. The company has a market cap of $6.68 billion, a P/E ratio of 11.19 and a beta of 1.16. The firm’s fifty day moving average price is $104.87 and its two-hundred day moving average price is $100.69. Wintrust Financial Co. has a one year low of $71.86 and a one year high of $113.68. 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 released its quarterly earnings results on Wednesday, July 17th. The bank reported $2.32 earnings per share 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 during the quarter, compared to the consensus estimate of $587.33 million. During the same period in the prior year, the company earned $2.38 earnings per share. The firm’s revenue was up 5.6% compared to the same quarter last year. Equities analysts expect that Wintrust Financial Co. will post 10.11 earnings per share for the current year.

Wintrust Financial Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 1.66%. The ex-dividend date was Thursday, August 8th. Wintrust Financial’s payout ratio is 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.