Wintrust Financial Corporation $WTFC Stock Position Lifted by California State Teachers Retirement System

California State Teachers Retirement System lifted its holdings in Wintrust Financial Corporation (NASDAQ:WTFC) by 24.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 78,726 shares of the bank’s stock after buying an additional 15,309 shares during the quarter. California State Teachers Retirement System’s holdings in Wintrust Financial were worth $10,938,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Advisors Asset Management Inc. bought a new position in Wintrust Financial in the 1st quarter worth approximately $27,000. Elyxium Wealth LLC acquired a new stake in shares of Wintrust Financial during the fourth quarter valued at approximately $31,000. Creative Financial Designs Inc. ADV boosted its position in shares of Wintrust Financial by 231.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock worth $32,000 after buying an additional 160 shares during the period. Harbour Investments Inc. grew its position in Wintrust Financial by 72.7% during the fourth quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock valued at $34,000 after purchasing an additional 101 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new stake in Wintrust Financial during the first quarter valued at $35,000. Institutional investors own 93.48% of the company’s stock.

Analyst Ratings Changes

WTFC has been the subject of several recent analyst reports. Royal Bank Of Canada upped their price target on Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Raymond James Financial initiated coverage on Wintrust Financial in a research report on Tuesday, July 7th. They issued an “outperform” rating and a $180.00 price objective on the stock. UBS Group reaffirmed a “neutral” rating and set a $170.00 price objective on shares of Wintrust Financial in a research note on Tuesday, July 7th. TD Cowen lowered their price target on Wintrust Financial from $184.00 to $183.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Wintrust Financial in a report on Monday, June 29th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $177.77.

Wintrust Financial Trading Up 1.4%

WTFC stock opened at $161.76 on Tuesday. Wintrust Financial Corporation has a one year low of $119.61 and a one year high of $167.21. The stock has a market cap of $10.91 billion, a price-to-earnings ratio of 12.99 and a beta of 0.85. The company has a fifty day moving average price of $157.80 and a two-hundred day moving average price of $150.13. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Monday, July 20th. The bank reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.15. The business had revenue of $738.63 million during the quarter, compared to analysts’ expectations of $735.36 million. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the firm posted $2.78 EPS. Equities analysts anticipate that Wintrust Financial Corporation will post 13.04 EPS for the current year.

Wintrust Financial Announces Dividend

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 given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, August 6th. Wintrust Financial’s payout ratio is currently 17.67%.

Wintrust Financial Company Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.