Squarepoint Ops LLC Makes New $593,000 Investment in Wintrust Financial Co. (NASDAQ:WTFC)

Squarepoint Ops LLC acquired a new stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 6,021 shares of the bank’s stock, valued at approximately $593,000.

A number of other hedge funds also recently made changes to their positions in the stock. Frontier Capital Management Co. LLC raised its position in Wintrust Financial by 13.8% during the fourth quarter. Frontier Capital Management Co. LLC now owns 538,489 shares of the bank’s stock valued at $49,945,000 after purchasing an additional 65,179 shares in the last quarter. Chicago Wealth Management Inc. bought a new stake in Wintrust Financial in the 4th quarter worth approximately $200,000. C M Bidwell & Associates Ltd. bought a new stake in Wintrust Financial in the 4th quarter worth approximately $77,000. American Trust purchased a new stake in Wintrust Financial in the fourth quarter worth approximately $211,000. Finally, Virtu Financial LLC purchased a new position in shares of Wintrust Financial during the fourth quarter worth approximately $234,000. 93.48% of the stock is owned by institutional investors.

Wintrust Financial Stock Down 0.8 %

Shares of NASDAQ WTFC opened at $105.47 on Wednesday. The firm has a fifty day simple moving average of $104.26 and a two-hundred day simple moving average of $101.33. The firm has a market capitalization of $7.01 billion, a PE ratio of 10.91 and a beta of 1.16. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.85. Wintrust Financial Co. has a 12 month low of $71.86 and a 12 month high of $113.68.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data 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 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 analysts’ expectations of $587.33 million. During the same quarter last year, the business earned $2.38 earnings per share. The business’s quarterly revenue was up 5.6% on a year-over-year basis. Equities analysts expect that Wintrust Financial Co. will post 10.08 earnings per share for the current year.

Wintrust Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $1.80 annualized dividend and a yield of 1.71%. Wintrust Financial’s payout ratio is 18.61%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Hovde Group reaffirmed a “market perform” rating and issued a $100.00 price objective on shares of Wintrust Financial in a research note on Friday, June 21st. Royal Bank of Canada raised their price objective on Wintrust Financial from $116.00 to $117.00 and gave the company an “outperform” rating in a research note on Tuesday, July 9th. Jefferies Financial Group lowered their target price on Wintrust Financial from $118.00 to $116.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Stephens restated an “overweight” rating and set a $115.00 price target on shares of Wintrust Financial in a research report on Thursday, July 18th. Finally, Piper Sandler lifted their price target on Wintrust Financial from $113.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.23.

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.