Wintrust Financial Corp (WTFC) Stake Lessened by Bank of New York Mellon Corp

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Bank of New York Mellon Corp lessened its stake in Wintrust Financial Corp (NASDAQ:WTFC) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 808,655 shares of the bank’s stock after selling 1,641 shares during the quarter. Bank of New York Mellon Corp’s holdings in Wintrust Financial were worth $53,767,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Wintrust Financial during the third quarter valued at $938,000. Victory Capital Management Inc. boosted its position in shares of Wintrust Financial by 32.1% during the third quarter. Victory Capital Management Inc. now owns 44,929 shares of the bank’s stock valued at $3,816,000 after buying an additional 10,907 shares during the last quarter. WINTON GROUP Ltd boosted its position in shares of Wintrust Financial by 22.8% during the third quarter. WINTON GROUP Ltd now owns 4,069 shares of the bank’s stock valued at $346,000 after buying an additional 755 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Wintrust Financial by 11.5% during the third quarter. Commonwealth Equity Services LLC now owns 8,020 shares of the bank’s stock valued at $681,000 after buying an additional 826 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Wintrust Financial by 37.2% during the third quarter. SG Americas Securities LLC now owns 39,331 shares of the bank’s stock valued at $3,341,000 after buying an additional 10,669 shares during the last quarter. Institutional investors and hedge funds own 89.36% of the company’s stock.

Shares of NASDAQ:WTFC opened at $72.46 on Monday. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 0.80 and a beta of 0.95. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.98 and a current ratio of 0.99. Wintrust Financial Corp has a 52-week low of $61.53 and a 52-week high of $99.96.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results 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). The firm had revenue of $329.40 million during the quarter, compared to analysts’ expectations of $344.46 million. Wintrust Financial had a return on equity of 11.36% and a net margin of 22.47%. During the same period in the previous year, the business posted $1.17 earnings per share. As a group, equities analysts anticipate that Wintrust Financial Corp will post 6.58 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 21st. Shareholders of record on Thursday, February 7th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.38%. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Wednesday, February 6th. Wintrust Financial’s dividend payout ratio (DPR) is presently 17.06%.

In other news, insider Timothy Crane sold 2,097 shares of the firm’s stock in a transaction dated Friday, January 25th. The stock was sold at an average price of $72.82, for a total value of $152,703.54. Following the transaction, the insider now owns 18,433 shares of the company’s stock, valued at $1,342,291.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas P. Zidar sold 3,482 shares of the firm’s stock in a transaction dated Friday, January 25th. The stock was sold at an average price of $72.62, for a total value of $252,862.84. Following the completion of the transaction, the executive vice president now directly owns 31,016 shares in the company, valued at approximately $2,252,381.92. The disclosure for this sale can be found here. Company insiders own 1.57% of the company’s stock.

WTFC has been the topic of several recent analyst reports. Zacks Investment Research raised Wintrust Financial from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research report on Saturday, December 1st. BidaskClub cut Wintrust Financial from a “hold” rating to a “sell” rating in a research report on Friday, December 7th. Finally, Piper Jaffray Companies raised Wintrust Financial from a “neutral” rating to an “overweight” rating in a research report on Monday, January 7th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $93.00.

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Wintrust Financial Company 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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Institutional Ownership by Quarter for Wintrust Financial (NASDAQ:WTFC)

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