Centaurus Financial Inc. Invests $498,000 in Wintrust Financial Corp (WTFC)
Centaurus Financial Inc. bought a new stake in Wintrust Financial Corp (NASDAQ:WTFC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,718 shares of the bank’s stock, valued at approximately $498,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Paloma Partners Management Co bought a new stake in shares of Wintrust Financial during the 2nd quarter valued at $13,538,000. Macquarie Group Ltd. raised its stake in shares of Wintrust Financial by 36.1% during the 2nd quarter. Macquarie Group Ltd. now owns 90,074 shares of the bank’s stock valued at $7,841,000 after purchasing an additional 23,874 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Wintrust Financial during the 2nd quarter valued at $2,009,000. Capital Fund Management S.A. bought a new stake in shares of Wintrust Financial during the 2nd quarter valued at $1,793,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Wintrust Financial during the 2nd quarter valued at $1,179,000. Hedge funds and other institutional investors own 88.69% of the company’s stock.
In other news, insider Timothy Crane sold 954 shares of the company’s stock in a transaction dated Friday, July 20th. The stock was sold at an average price of $90.96, for a total value of $86,775.84. Following the completion of the transaction, the insider now directly owns 17,272 shares in the company, valued at approximately $1,571,061.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Edward J. Wehmer sold 12,301 shares of the company’s stock in a transaction dated Monday, July 23rd. The stock was sold at an average price of $91.12, for a total value of $1,120,867.12. Following the completion of the transaction, the insider now owns 133,308 shares of the company’s stock, valued at $12,147,024.96. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by corporate insiders.
Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Tuesday, July 17th. The bank reported $1.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.09. Wintrust Financial had a return on equity of 10.62% and a net margin of 22.07%. The business had revenue of $333.40 million during the quarter, compared to analysts’ expectations of $327.03 million. During the same period in the previous year, the business earned $1.11 earnings per share. equities research analysts predict that Wintrust Financial Corp will post 6.02 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 23rd. Stockholders of record on Thursday, August 9th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend was Wednesday, August 8th. Wintrust Financial’s payout ratio is currently 17.27%.
A number of analysts recently issued reports on the company. BidaskClub upgraded Wintrust Financial from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 12th. Hovde Group set a $98.00 target price on Wintrust Financial and gave the stock a “hold” rating in a research report on Monday, July 23rd. Wedbush boosted their target price on Wintrust Financial from $100.00 to $101.00 and gave the stock a “$90.84” rating in a research report on Wednesday, July 18th. Zacks Investment Research cut Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Saturday, July 7th. Finally, ValuEngine cut Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Monday, June 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. Wintrust Financial has an average rating of “Hold” and an average price target of $94.56.
Wintrust Financial Profile
Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. 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), Internet banking, and other services.
Further Reading: Closed-End Mutual Funds
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