LRI Investments LLC Makes New $200,000 Investment in Wintrust Financial Co. (NASDAQ:WTFC)

LRI Investments LLC bought a new position in Wintrust Financial Co. (NASDAQ:WTFC) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,969 shares of the bank’s stock, valued at approximately $200,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Wintrust Financial by 3.9% during the first quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank’s stock worth $673,603,000 after buying an additional 244,168 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Wintrust Financial by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,866,032 shares of the bank’s stock worth $265,829,000 after buying an additional 80,526 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Wintrust Financial by 4.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,843,679 shares of the bank’s stock worth $171,001,000 after buying an additional 79,672 shares during the last quarter. Capital International Investors raised its stake in shares of Wintrust Financial by 4.6% during the first quarter. Capital International Investors now owns 1,638,085 shares of the bank’s stock worth $171,000,000 after buying an additional 72,082 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Wintrust Financial by 54.6% during the first quarter. Principal Financial Group Inc. now owns 1,330,263 shares of the bank’s stock worth $138,866,000 after buying an additional 469,640 shares during the last quarter. 93.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WTFC has been the subject of a number of recent research reports. Citigroup dropped their price target on shares of Wintrust Financial from $115.00 to $113.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Piper Sandler boosted their price objective on shares of Wintrust Financial from $113.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, July 19th. DA Davidson boosted their price objective on shares of Wintrust Financial from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, July 19th. Keefe, Bruyette & Woods cut shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $110.00 to $115.00 in a report on Friday, July 19th. Finally, Hovde Group restated a “market perform” rating and set a $100.00 price objective on shares of Wintrust Financial in a report on Friday, June 21st. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $117.85.

Wintrust Financial Stock Up 1.2 %

Shares of Wintrust Financial stock traded up $1.26 on Friday, hitting $110.13. The company had a trading volume of 402,587 shares, compared to its average volume of 497,782. The firm has a market capitalization of $6.80 billion, a P/E ratio of 11.39 and a beta of 1.18. Wintrust Financial Co. has a twelve month low of $71.86 and a twelve month high of $113.68. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a 50-day moving average of $99.13 and a 200-day moving average of $98.42.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Wednesday, July 17th. The bank reported $2.32 EPS for the quarter, missing the consensus estimate of $2.42 by ($0.10). Wintrust Financial had a return on equity of 12.71% and a net margin of 17.02%. The business had revenue of $591.76 million for the quarter, compared to analyst estimates of $587.33 million. During the same quarter in the previous year, the company posted $2.38 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. Research analysts predict that Wintrust Financial Co. will post 10.11 earnings per share for the current year.

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Thursday, August 8th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Thursday, August 8th. Wintrust Financial’s payout ratio is 18.61%.

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.