LSV Asset Management Has $1.15 Million Stock Position in Wintrust Financial Co. (NASDAQ:WTFC)

Posted by Defense World Staff on Jul 30th, 2023

LSV Asset Management grew its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC – Free Report) by 76.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,700 shares of the bank’s stock after purchasing an additional 6,800 shares during the period. LSV Asset Management’s holdings in Wintrust Financial were worth $1,145,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. CWM LLC raised its holdings in shares of Wintrust Financial by 192.7% in the 1st quarter. CWM LLC now owns 521 shares of the bank’s stock worth $38,000 after acquiring an additional 343 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Wintrust Financial by 113.2% in the 1st quarter. Parallel Advisors LLC now owns 580 shares of the bank’s stock worth $42,000 after acquiring an additional 308 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new stake in shares of Wintrust Financial in the 4th quarter worth about $44,000. BDO Wealth Advisors LLC raised its holdings in shares of Wintrust Financial by 6,200.0% in the 4th quarter. BDO Wealth Advisors LLC now owns 567 shares of the bank’s stock worth $48,000 after acquiring an additional 558 shares during the last quarter. Finally, CoreCap Advisors LLC acquired a new stake in shares of Wintrust Financial in the 4th quarter worth about $81,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wintrust Financial Stock Performance

NASDAQ WTFC opened at $84.41 on Friday. Wintrust Financial Co. has a 1 year low of $57.48 and a 1 year high of $97.81. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.99 and a quick ratio of 0.98. The stock has a market capitalization of $5.17 billion, a PE ratio of 8.77, a P/E/G ratio of 0.50 and a beta of 1.19. The company’s 50 day simple moving average is $72.84 and its two-hundred day simple moving average is $76.87.

Wintrust Financial (NASDAQ:WTFC – Get Free Report) last posted its earnings results on Thursday, July 20th. The bank reported $2.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.38. Wintrust Financial had a net margin of 22.24% and a return on equity of 13.96%. The business had revenue of $810.21 million for the quarter, compared to analysts’ expectations of $555.16 million. During the same period in the prior year, the company posted $1.49 EPS. Analysts predict that Wintrust Financial Co. will post 9.96 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Wednesday, August 9th. Wintrust Financial’s dividend payout ratio (DPR) is currently 16.63%.

Insider Activity

In related news, CEO Timothy Crane acquired 1,500 shares of the stock in a transaction dated Thursday, May 11th. The shares were purchased at an average price of $60.87 per share, for a total transaction of $91,305.00. Following the transaction, the chief executive officer now owns 42,707 shares in the company, valued at approximately $2,599,575.09. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.41% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on WTFC shares. Keefe, Bruyette & Woods reduced their price objective on shares of Wintrust Financial from $110.00 to $94.00 and set an “outperform” rating for the company in a research report on Thursday, April 6th. Stephens reaffirmed an “overweight” rating and issued a $90.00 price objective on shares of Wintrust Financial in a research report on Thursday, July 20th. Piper Sandler upped their price objective on shares of Wintrust Financial from $92.00 to $101.00 in a research report on Friday, July 21st. Royal Bank of Canada reissued an “outperform” rating and set a $95.00 target price on shares of Wintrust Financial in a research report on Friday, April 21st. Finally, Truist Financial increased their target price on shares of Wintrust Financial from $80.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, July 24th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Wintrust Financial presently has a consensus rating of “Buy” and a consensus price target of $94.60.

Wintrust Financial Company Profile

(Free Report)

Wintrust Financial Corporation operates as a financial holding company. 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), online and mobile banking, and other services.