California State Teachers Retirement System reduced its position in shares of Wintrust Financial Corp (NASDAQ:WTFC) by 2.2% in the first quarter, HoldingsChannel.com reports. The firm owned 88,276 shares of the bank’s stock after selling 1,942 shares during the period. California State Teachers Retirement System’s holdings in Wintrust Financial were worth $5,944,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of WTFC. State Board of Administration of Florida Retirement System raised its stake in Wintrust Financial by 0.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 49,502 shares of the bank’s stock worth $3,333,000 after buying an additional 130 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in Wintrust Financial by 2.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 8,202 shares of the bank’s stock worth $545,000 after purchasing an additional 182 shares during the last quarter. Private Vista LLC boosted its holdings in Wintrust Financial by 5.6% in the first quarter. Private Vista LLC now owns 5,374 shares of the bank’s stock worth $361,000 after purchasing an additional 287 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Wintrust Financial by 7.1% in the first quarter. Crossmark Global Holdings Inc. now owns 5,266 shares of the bank’s stock worth $355,000 after purchasing an additional 350 shares during the last quarter. Finally, American International Group Inc. boosted its stake in shares of Wintrust Financial by 0.3% during the 4th quarter. American International Group Inc. now owns 114,933 shares of the bank’s stock worth $7,642,000 after acquiring an additional 364 shares during the last quarter. Institutional investors own 88.98% of the company’s stock.
Shares of NASDAQ WTFC opened at $72.83 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.98 and a current ratio of 0.99. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 12.43, a P/E/G ratio of 0.81 and a beta of 1.03. Wintrust Financial Corp has a 52-week low of $61.53 and a 52-week high of $96.38.
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th were issued a $0.25 dividend. The ex-dividend date was Wednesday, May 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.37%. Wintrust Financial’s dividend payout ratio (DPR) is presently 17.06%.
WTFC has been the topic of several analyst reports. Jefferies Financial Group upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating in a research note on Monday, April 1st. Zacks Investment Research downgraded shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Saturday. Wedbush restated an “outperform” rating and set a $85.00 price objective (up from $80.00) on shares of Wintrust Financial in a research report on Tuesday, May 7th. BidaskClub downgraded shares of Wintrust Financial from a “sell” rating to a “strong sell” rating in a research report on Friday, March 22nd. Finally, Piper Jaffray Companies set a $93.00 price target on shares of Wintrust Financial and gave the company a “buy” rating in a report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $91.75.
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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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