Meadow Creek Investment Management LLC increased its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 32.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,956 shares of the bank’s stock after purchasing an additional 1,938 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in Wintrust Financial were worth $655,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cerebellum GP LLC acquired a new position in Wintrust Financial during the 4th quarter worth $126,000. Trust Co. of Toledo NA OH acquired a new position in Wintrust Financial during the 4th quarter worth $200,000. Brown Advisory Inc. acquired a new position in Wintrust Financial during the 4th quarter worth $213,000. Magnetar Financial LLC acquired a new position in Wintrust Financial during the 3rd quarter worth $204,000. Finally, Exane Derivatives grew its stake in Wintrust Financial by 79.2% during the 4th quarter. Exane Derivatives now owns 2,971 shares of the bank’s stock worth $245,000 after purchasing an additional 1,313 shares in the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Edward J. Wehmer sold 14,173 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was 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 directly owns 134,864 shares of the company’s stock, valued at approximately $11,822,178.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP David A. Dykstra sold 11,235 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $87.56, for a total value of $983,736.60. Following the transaction, the executive vice president now directly owns 39,365 shares of the company’s stock, valued at $3,446,799.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 152 shares of company stock valued at $10,629 and have sold 30,676 shares valued at $2,687,566. Corporate insiders own 2.00% of the company’s stock.
Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Monday, January 22nd. The bank reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.04. The business had revenue of $300.14 million during the quarter, compared to analysts’ expectations of $299.47 million. Wintrust Financial had a return on equity of 9.49% and a net margin of 20.35%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.94 EPS. equities research analysts predict that Wintrust Financial Co. will post 5.51 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were given a dividend of $0.19 per share. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.14. This represents a $0.76 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Wednesday, February 7th. Wintrust Financial’s dividend payout ratio is currently 17.27%.
WTFC has been the subject of several analyst reports. BidaskClub raised Wintrust Financial from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. ValuEngine raised Wintrust Financial from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research raised Wintrust Financial from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research note on Wednesday, December 27th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $90.00 target price on shares of Wintrust Financial in a research note on Thursday, December 14th. Finally, SunTrust Banks reissued a “hold” rating and set a $88.00 target price on shares of Wintrust Financial in a research note on Wednesday, November 29th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $90.10.
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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.
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