Eaton Vance Management increased its position in shares of Wintrust Financial Corp (NASDAQ:WTFC) by 39.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 150,914 shares of the bank’s stock after purchasing an additional 42,555 shares during the period. Eaton Vance Management’s holdings in Wintrust Financial were worth $12,431,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in WTFC. Cerebellum GP LLC purchased a new stake in Wintrust Financial in the 4th quarter valued at about $126,000. Chicago Equity Partners LLC boosted its position in Wintrust Financial by 2.2% in the 4th quarter. Chicago Equity Partners LLC now owns 192,080 shares of the bank’s stock valued at $15,822,000 after buying an additional 4,120 shares during the period. Bank of New York Mellon Corp boosted its position in Wintrust Financial by 2.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 735,233 shares of the bank’s stock valued at $57,576,000 after buying an additional 20,848 shares during the period. Wells Fargo & Company MN boosted its position in Wintrust Financial by 3.9% in the 3rd quarter. Wells Fargo & Company MN now owns 298,804 shares of the bank’s stock valued at $23,399,000 after buying an additional 11,209 shares during the period. Finally, Rothschild Asset Management Inc. boosted its position in Wintrust Financial by 1.7% in the 3rd quarter. Rothschild Asset Management Inc. now owns 489,420 shares of the bank’s stock valued at $38,326,000 after buying an additional 8,002 shares during the period. 91.55% of the stock is owned by hedge funds and other institutional investors.
Shares of Wintrust Financial Corp (NASDAQ WTFC) opened at $85.28 on Wednesday. Wintrust Financial Corp has a twelve month low of $64.14 and a twelve month high of $89.34. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.01 and a quick ratio of 0.99. The company has a market cap of $4,770.00, a PE ratio of 19.97, a PEG ratio of 1.16 and a beta of 0.85.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were issued a $0.19 dividend. The ex-dividend date was Wednesday, February 7th. This represents a $0.76 annualized dividend and a dividend yield of 0.89%. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.14. Wintrust Financial’s payout ratio is currently 17.80%.
Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $100.00 price objective on shares of Wintrust Financial in a research report on Tuesday. FIG Partners raised shares of Wintrust Financial from a “market perform” rating to an “outperform” rating in a research report on Friday, February 9th. Zacks Investment Research lowered shares of Wintrust Financial from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. BidaskClub lowered shares of Wintrust Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Finally, Hovde Group restated a “market perform” rating and issued a $90.00 price target (up previously from $85.00) on shares of Wintrust Financial in a report on Thursday, February 8th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Wintrust Financial currently has a consensus rating of “Hold” and an average target price of $89.78.
In related news, insider Edward J. Wehmer sold 14,173 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $87.66, for a total transaction of $1,242,405.18. Following the completion of the transaction, the insider now owns 134,864 shares in the company, valued at approximately $11,822,178.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP David A. Dykstra sold 11,235 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $87.56, for a total transaction of $983,736.60. Following the transaction, the executive vice president now owns 39,365 shares of the company’s stock, valued at approximately $3,446,799.40. The disclosure for this sale can be found here. In the last 90 days, insiders bought 152 shares of company stock valued at $10,629 and sold 30,676 shares valued at $2,687,566. Insiders own 1.97% of the company’s stock.
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Wintrust Financial Profile
Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.
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