Wintrust Financial Corp (WTFC) Position Lessened by Raymond James & Associates
Raymond James & Associates decreased its position in shares of Wintrust Financial Corp (NASDAQ:WTFC) by 9.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 99,772 shares of the bank’s stock after selling 10,275 shares during the period. Raymond James & Associates owned 0.18% of Wintrust Financial worth $6,634,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its position in Wintrust Financial by 4.4% during the third quarter. The Manufacturers Life Insurance Company now owns 93,482 shares of the bank’s stock worth $7,941,000 after purchasing an additional 3,916 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in Wintrust Financial by 2.1% during the third quarter. State Board of Administration of Florida Retirement System now owns 48,623 shares of the bank’s stock worth $4,130,000 after purchasing an additional 986 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Wintrust Financial by 25.4% during the third quarter. Canada Pension Plan Investment Board now owns 99,200 shares of the bank’s stock worth $8,426,000 after purchasing an additional 20,100 shares during the last quarter. Bank of Montreal Can increased its position in Wintrust Financial by 0.5% during the fourth quarter. Bank of Montreal Can now owns 105,597 shares of the bank’s stock worth $7,021,000 after purchasing an additional 500 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in Wintrust Financial by 8.3% during the third quarter. Advisors Asset Management Inc. now owns 18,771 shares of the bank’s stock worth $1,594,000 after purchasing an additional 1,431 shares during the last quarter. 89.36% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently commented on WTFC. Zacks Investment Research raised shares of Wintrust Financial from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a research report on Saturday, December 8th. BidaskClub raised shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research report on Friday, February 22nd. Finally, Piper Jaffray Companies raised shares of Wintrust Financial from a “neutral” rating to an “overweight” rating in a research report on Monday, January 7th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $93.00.
Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Tuesday, January 22nd. The bank reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.22). Wintrust Financial had a return on equity of 11.36% and a net margin of 22.47%. The business had revenue of $329.40 million during the quarter, compared to analyst estimates of $344.46 million. During the same period in the previous year, the company earned $1.17 EPS. Research analysts anticipate that Wintrust Financial Corp will post 6.58 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 21st. Stockholders of record on Thursday, February 7th were given a $0.25 dividend. The ex-dividend date was Wednesday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.38%. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.19. Wintrust Financial’s dividend payout ratio is presently 17.06%.
In other news, EVP Thomas P. Zidar sold 3,482 shares of the stock in a transaction on Friday, January 25th. The shares were sold at an average price of $72.62, for a total value of $252,862.84. Following the completion of the sale, the executive vice president now owns 31,016 shares of the company’s stock, valued at $2,252,381.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Timothy Crane sold 2,097 shares of the stock in a transaction on Friday, January 25th. The stock was sold at an average price of $72.82, for a total transaction of $152,703.54. Following the completion of the sale, the insider now directly owns 18,433 shares of the company’s stock, valued at approximately $1,342,291.06. The disclosure for this sale can be found here. 1.57% of the stock is owned by corporate insiders.
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About Wintrust Financial
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.
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