Hsbc Holdings PLC Makes New $9.64 Million Investment in Wintrust Financial Corporation $WTFC

Hsbc Holdings PLC acquired a new stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 59,830 shares of the bank’s stock, valued at approximately $9,637,000. Hsbc Holdings PLC owned about 0.09% of Wintrust Financial at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Simplicity Wealth LLC acquired a new stake in shares of Wintrust Financial in the second quarter valued at approximately $866,000. Deutsche Bank AG acquired a new position in Wintrust Financial during the 2nd quarter worth $8,320,000. GSA Capital Partners LLP bought a new position in Wintrust Financial in the 2nd quarter valued at $1,437,000. F m Investments LLC boosted its position in Wintrust Financial by 61.6% in the 4th quarter. F m Investments LLC now owns 70,857 shares of the bank’s stock valued at $9,907,000 after buying an additional 27,013 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its stake in shares of Wintrust Financial by 22.5% in the 4th quarter. Westfield Capital Management Co. LP now owns 559,762 shares of the bank’s stock valued at $78,266,000 after buying an additional 102,798 shares during the period. 93.48% of the stock is owned by institutional investors.

Insider Buying and Selling at Wintrust Financial

In related news, COO David A. Dykstra sold 13,515 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $162.77, for a total value of $2,199,836.55. Following the sale, the chief operating officer directly owned 166,449 shares in the company, valued at $27,092,903.73. This trade represents a 7.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.24% of the stock is owned by corporate insiders.

Wintrust Financial Stock Down 0.0%

NASDAQ:WTFC opened at $152.95 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62. Wintrust Financial Corporation has a 12-month low of $119.61 and a 12-month high of $167.21. The stock’s fifty day simple moving average is $159.51 and its 200-day simple moving average is $151.17. The firm has a market capitalization of $10.32 billion, a P/E ratio of 12.29 and a beta of 0.85.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Monday, July 20th. The bank reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.15. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The business had revenue of $738.63 million during the quarter, compared to the consensus estimate of $735.36 million. During the same quarter in the prior year, the company posted $2.78 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. Equities research analysts expect that Wintrust Financial Corporation will post 13.04 earnings per share for the current year.

Wintrust Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were paid a $0.55 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.4%. Wintrust Financial’s dividend payout ratio is 17.67%.

Analyst Ratings Changes

A number of research firms have recently weighed in on WTFC. Truist Financial boosted their target price on Wintrust Financial from $170.00 to $183.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Brean Capital lowered Wintrust Financial from a “buy” rating to a “neutral” rating and set a $170.00 price objective for the company. in a research report on Tuesday, July 21st. Raymond James Financial started coverage on Wintrust Financial in a report on Tuesday, July 7th. They set an “outperform” rating and a $180.00 price objective for the company. Piper Sandler set a $186.00 target price on shares of Wintrust Financial in a research report on Wednesday, July 22nd. Finally, Capital One Financial set a $170.00 target price on shares of Wintrust Financial in a research report on Tuesday, July 21st. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Wintrust Financial presently has an average rating of “Moderate Buy” and an average target price of $177.77.

Wintrust Financial Profile

Wintrust Financial Corporation is a Chicago?area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid?size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.