VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $1.39 Million Investment in Wintrust Financial Corporation $WTFC

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,643 shares of the bank’s stock, valued at approximately $1,389,000.

Other institutional investors also recently modified their holdings of the company. California State Teachers Retirement System increased its stake in shares of Wintrust Financial by 15,788.5% in the 2nd quarter. California State Teachers Retirement System now owns 12,508,355 shares of the bank’s stock valued at $2,010,343,000 after acquiring an additional 12,429,629 shares during the last quarter. BlackRock Inc. acquired a new position in Wintrust Financial during the second quarter valued at approximately $1,058,088,000. First Trust Advisors LP grew its holdings in Wintrust Financial by 26.6% during the first quarter. First Trust Advisors LP now owns 1,830,268 shares of the bank’s stock valued at $254,297,000 after purchasing an additional 385,069 shares during the period. Geode Capital Management LLC increased its stake in Wintrust Financial by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,273,042 shares of the bank’s stock valued at $178,038,000 after purchasing an additional 16,997 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Wintrust Financial by 1.4% in the third quarter. Bank of America Corp DE now owns 1,071,763 shares of the bank’s stock valued at $141,944,000 after purchasing an additional 15,044 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Capital One Financial set a $170.00 price target on shares of Wintrust Financial in a research report on Tuesday, July 21st. UBS Group restated a “neutral” rating and issued a $170.00 price objective on shares of Wintrust Financial in a research report on Tuesday, July 7th. Barclays raised their price objective on Wintrust Financial from $190.00 to $192.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Wintrust Financial in a report on Monday, June 29th. Finally, Raymond James Financial began coverage on Wintrust Financial in a report on Tuesday, July 7th. They issued an “outperform” rating and a $180.00 price target for the company. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $177.77.

Insider Activity

In other Wintrust Financial news, COO David Dykstra sold 13,515 shares of Wintrust Financial stock in a transaction on 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 directly owned 166,449 shares in the company, valued at approximately $27,092,903.73. The trade was a 7.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.24% of the stock is owned by company insiders.

Wintrust Financial Trading Up 0.9%

WTFC opened at $152.16 on Friday. The stock has a market capitalization of $10.27 billion, a P/E ratio of 12.22 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.62. Wintrust Financial Corporation has a 12 month low of $119.61 and a 12 month high of $167.21. The firm’s fifty day simple moving average is $157.84 and its 200 day simple moving average is $150.99.

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

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, August 6th. Wintrust Financial’s dividend payout ratio (DPR) is currently 17.67%.

Wintrust Financial Company Profile

Wintrust Financial Corporation (NASDAQ: WTFC) is a financial services company and bank holding company headquartered in Rosemont, Illinois. Founded in 1991, the company operates a network of community banks that serve individuals, families, businesses and institutions.

Wintrust’s banking operations provide deposit accounts, commercial and consumer lending, mortgage financing, treasury management, payment services and other traditional banking products. Through specialized subsidiaries and affiliated businesses, the company also offers wealth management, investment services, insurance premium financing, equipment leasing and related financial solutions.

The company primarily serves communities in the greater Chicago metropolitan area and has expanded its banking presence into surrounding Midwestern markets, including parts of Wisconsin and Indiana.