Wintrust Financial Co. (NASDAQ:WTFC) Shares Purchased by Inspire Investing LLC

Inspire Investing LLC grew its position in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 4.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,574 shares of the bank’s stock after acquiring an additional 151 shares during the quarter. Inspire Investing LLC’s holdings in Wintrust Financial were worth $352,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Concord Wealth Partners acquired a new position in shares of Wintrust Financial during the first quarter worth approximately $26,000. Opal Wealth Advisors LLC bought a new stake in shares of Wintrust Financial in the 1st quarter worth $27,000. Johnson Financial Group Inc. acquired a new stake in shares of Wintrust Financial in the fourth quarter valued at $25,000. Versant Capital Management Inc grew its holdings 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 acquiring an additional 264 shares during the period. Finally, DHJJ Financial Advisors Ltd. raised its position in Wintrust Financial by 70.0% in the first quarter. DHJJ Financial Advisors Ltd. now owns 488 shares of the bank’s stock worth $51,000 after acquiring an additional 201 shares in the last quarter. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Price Performance

NASDAQ WTFC opened at $108.21 on Tuesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $6.68 billion, a price-to-earnings ratio of 11.19 and a beta of 1.16. The company has a 50 day simple moving average of $104.87 and a 200-day simple moving average of $100.69. Wintrust Financial Co. has a 52-week low of $71.86 and a 52-week high of $113.68.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Wednesday, July 17th. The bank reported $2.32 earnings per share (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 analysts’ expectations of $587.33 million. During the same quarter in the previous year, the company earned $2.38 EPS. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. Equities research analysts predict 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 paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $1.80 dividend on an annualized basis and a yield of 1.66%. Wintrust Financial’s dividend payout ratio (DPR) is currently 18.61%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WTFC. Piper Sandler lifted their price objective on shares of Wintrust Financial from $113.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Hovde Group reiterated a “market perform” rating and set a $100.00 price objective on shares of Wintrust Financial in a research report on Friday, June 21st. Royal Bank of Canada lifted their target price on Wintrust Financial from $116.00 to $117.00 and gave the stock an “outperform” rating in a report on Tuesday, July 9th. DA Davidson upped their target price on Wintrust Financial from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, July 19th. Finally, Wedbush lifted their price target on Wintrust Financial from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $118.23.

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.