Telemus Capital LLC Acquires 795 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Telemus Capital LLC lifted its holdings in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 14.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,270 shares of the bank’s stock after purchasing an additional 795 shares during the period. Telemus Capital LLC’s holdings in Wintrust Financial were worth $582,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in WTFC. Quent Capital LLC grew its holdings in shares of Wintrust Financial by 120.8% during the fourth quarter. Quent Capital LLC now owns 351 shares of the bank’s stock worth $33,000 after purchasing an additional 192 shares during the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Wintrust Financial during the fourth quarter worth $46,000. Huntington National Bank grew its holdings in shares of Wintrust Financial by 30.6% during the third quarter. Huntington National Bank now owns 725 shares of the bank’s stock worth $55,000 after purchasing an additional 170 shares during the last quarter. Ronald Blue Trust Inc. boosted its holdings in Wintrust Financial by 347.8% in the third quarter. Ronald Blue Trust Inc. now owns 824 shares of the bank’s stock valued at $60,000 after acquiring an additional 640 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in Wintrust Financial by 21.7% in the third quarter. Parkside Financial Bank & Trust now owns 1,028 shares of the bank’s stock valued at $78,000 after acquiring an additional 183 shares during the last quarter. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Trading Up 2.0 %

NASDAQ:WTFC opened at $99.30 on Tuesday. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 10.27 and a beta of 1.21. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.78. The business’s 50-day moving average price is $98.25 and its two-hundred day moving average price is $91.16. Wintrust Financial Co. has a 1-year low of $58.12 and a 1-year high of $105.29.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Thursday, April 18th. The bank reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.47. The company had revenue of $604.77 million for the quarter, compared to analyst estimates of $577.80 million. Wintrust Financial had a return on equity of 13.09% and a net margin of 17.86%. Wintrust Financial’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.80 earnings per share. On average, equities analysts expect that Wintrust Financial Co. will post 10.02 earnings per share for the current year.

Wintrust Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.81%. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.40. Wintrust Financial’s dividend payout ratio (DPR) is currently 18.61%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Stephens reiterated an “overweight” rating and issued a $110.00 price target on shares of Wintrust Financial in a report on Tuesday, April 16th. Wedbush reiterated an “outperform” rating and issued a $116.00 price target on shares of Wintrust Financial in a report on Thursday, April 18th. Jefferies Financial Group raised their price target on Wintrust Financial from $114.00 to $120.00 and gave the company a “buy” rating in a report on Monday, April 8th. Raymond James raised their price target on Wintrust Financial from $95.00 to $115.00 and gave the company a “strong-buy” rating in a report on Friday, January 19th. Finally, Royal Bank of Canada raised their price target on Wintrust Financial from $109.00 to $116.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $112.33.

Insider Transactions at Wintrust Financial

In related news, EVP Jeffrey D. Hahnfeld sold 588 shares of the stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $97.88, for a total transaction of $57,553.44. Following the completion of the transaction, the executive vice president now directly owns 3,410 shares in the company, valued at $333,770.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Jeffrey D. Hahnfeld sold 588 shares of the stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $97.88, for a total transaction of $57,553.44. Following the completion of the transaction, the executive vice president now directly owns 3,410 shares in the company, valued at $333,770.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Edward J. Wehmer sold 9,500 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $99.36, for a total value of $943,920.00. Following the transaction, the insider now owns 177,124 shares of the company’s stock, valued at $17,599,040.64. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by insiders.

Wintrust Financial Profile

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.