Hsbc Holdings PLC Buys Shares of 59,830 Wintrust Financial Corporation $WTFC

Hsbc Holdings PLC purchased a new position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) in the 2nd quarter, HoldingsChannel reports. The firm purchased 59,830 shares of the bank’s stock, valued at approximately $9,637,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisors Asset Management Inc. bought a new position in Wintrust Financial during the first quarter worth $27,000. Jones Financial Companies Lllp lifted its stake in shares of Wintrust Financial by 49.0% in the 1st quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank’s stock valued at $115,000 after purchasing an additional 335 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Wintrust Financial by 7.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 179,430 shares of the bank’s stock valued at $20,179,000 after purchasing an additional 12,103 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Wintrust Financial by 400.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 400 shares of the bank’s stock valued at $50,000 after purchasing an additional 320 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in shares of Wintrust Financial by 1.6% during the 2nd quarter. Cerity Partners LLC now owns 23,120 shares of the bank’s stock valued at $2,866,000 after purchasing an additional 355 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on WTFC shares. Barclays boosted their price target on Wintrust Financial from $190.00 to $192.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Brean Capital downgraded shares of Wintrust Financial from a “buy” rating to a “neutral” rating and set a $170.00 price objective for the company. in a research report on Tuesday, July 21st. Citigroup lowered shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, July 21st. UBS Group reissued a “neutral” rating and set a $170.00 target price on shares of Wintrust Financial in a research note on Tuesday, July 7th. Finally, TD Cowen decreased their price target on shares of Wintrust Financial from $184.00 to $183.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Wintrust Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.77.

Insider Activity at Wintrust Financial

In related news, COO David Dykstra sold 13,515 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $162.77, for a total value of $2,199,836.55. Following the sale, the chief operating officer owned 166,449 shares in the company, valued at $27,092,903.73. This represents a 7.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.24% of the stock is currently owned by insiders.

Wintrust Financial Trading Down 1.2%

NASDAQ WTFC opened at $150.55 on Thursday. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62. Wintrust Financial Corporation has a 52 week low of $119.61 and a 52 week high of $167.21. The business has a 50 day moving average price of $158.23 and a 200-day moving average price of $151.02. The company has a market cap of $10.16 billion, a price-to-earnings ratio of 12.09 and a beta of 0.84.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Monday, July 20th. The bank reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.15. The company had revenue of $738.63 million for 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%.Wintrust Financial’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the business earned $2.78 EPS. As a group, equities analysts expect that Wintrust Financial Corporation will post 13.04 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. Wintrust Financial’s payout ratio is presently 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.