Peregrine Capital Management LLC Invests $5.37 Million in Wintrust Financial Corp (NASDAQ:WTFC)

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Peregrine Capital Management LLC acquired a new stake in Wintrust Financial Corp (NASDAQ:WTFC) during the second quarter, according to its most recent filing with the SEC. The firm acquired 123,134 shares of the bank’s stock, valued at approximately $5,371,000. Peregrine Capital Management LLC owned about 0.21% of Wintrust Financial as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in WTFC. PNC Financial Services Group Inc. raised its stake in Wintrust Financial by 15.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,683 shares of the bank’s stock worth $87,000 after buying an additional 360 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Wintrust Financial by 4.6% in the 1st quarter. State of Alaska Department of Revenue now owns 9,815 shares of the bank’s stock valued at $322,000 after purchasing an additional 433 shares during the period. CHICAGO TRUST Co NA raised its stake in shares of Wintrust Financial by 1.0% in the 1st quarter. CHICAGO TRUST Co NA now owns 54,917 shares of the bank’s stock valued at $1,804,000 after purchasing an additional 525 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of Wintrust Financial by 4.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 14,400 shares of the bank’s stock valued at $628,000 after purchasing an additional 600 shares during the period. Finally, Creative Planning grew its holdings in shares of Wintrust Financial by 3.2% in the 1st quarter. Creative Planning now owns 22,816 shares of the bank’s stock valued at $750,000 after acquiring an additional 708 shares in the last quarter. Hedge funds and other institutional investors own 88.55% of the company’s stock.

Shares of Wintrust Financial stock opened at $42.80 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.68. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 9.49, a P/E/G ratio of 0.69 and a beta of 1.62. The company’s fifty day moving average is $43.20 and its 200 day moving average is $46.19. Wintrust Financial Corp has a twelve month low of $22.02 and a twelve month high of $72.31.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Tuesday, July 21st. The bank reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.36). Wintrust Financial had a return on equity of 7.63% and a net margin of 14.33%. The business had revenue of $425.12 million during the quarter, compared to analyst estimates of $374.45 million. As a group, equities analysts anticipate that Wintrust Financial Corp will post 3.66 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a $1.12 annualized dividend and a yield of 2.62%. Wintrust Financial’s dividend payout ratio (DPR) is 18.57%.

Several equities analysts have recently weighed in on the company. Piper Sandler raised their price objective on Wintrust Financial from $33.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. ValuEngine upgraded Wintrust Financial from a “sell” rating to a “hold” rating in a report on Thursday, July 2nd. BidaskClub cut Wintrust Financial from a “hold” rating to a “sell” rating in a report on Thursday, June 25th. Raymond James lifted their price target on Wintrust Financial from $50.00 to $58.00 and gave the stock a “strong-buy” rating in a report on Thursday, June 4th. Finally, Royal Bank of Canada restated a “buy” rating and set a $38.00 price objective on shares of Wintrust Financial in a report on Monday, April 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $51.63.

In other news, Director Gary D. Sweeney acquired 785 shares of the firm’s stock in a transaction on Thursday, July 23rd. The stock was purchased at an average price of $44.66 per share, for a total transaction of $35,058.10. Following the purchase, the director now owns 6,433 shares in the company, valued at approximately $287,297.78. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Karin Gustafson Teglia acquired 1,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was purchased at an average price of $51.10 per share, with a total value of $51,100.00. Following the purchase, the director now owns 4,182 shares in the company, valued at approximately $213,700.20. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 2,785 shares of company stock valued at $130,928. Company insiders own 1.58% of the company’s stock.

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

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