Telemus Capital LLC Buys New Shares in Wintrust Financial Co. (NASDAQ:WTFC)
Telemus Capital LLC acquired a new position in shares of Wintrust Financial Co. (NASDAQ:WTFC – Get Rating) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,433 shares of the bank’s stock, valued at approximately $208,000.
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Several other hedge funds have also made changes to their positions in the company. Private Trust Co. NA raised its holdings in shares of Wintrust Financial by 48.9% during the 3rd quarter. Private Trust Co. NA now owns 411 shares of the bank’s stock valued at $34,000 after purchasing an additional 135 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Wintrust Financial by 37.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 464 shares of the bank’s stock valued at $38,000 after purchasing an additional 126 shares in the last quarter. CoreCap Advisors LLC bought a new position in shares of Wintrust Financial during the 2nd quarter valued at $76,000. Quadrant Capital Group LLC grew its stake in Wintrust Financial by 44.6% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,008 shares of the bank’s stock valued at $82,000 after buying an additional 311 shares during the last quarter. Finally, Wipfli Financial Advisors LLC acquired a new position in Wintrust Financial in the 3rd quarter valued at $84,000. Hedge funds and other institutional investors own 89.47% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on WTFC. Hovde Group upgraded shares of Wintrust Financial from a “market perform” rating to an “outperform” rating and set a $108.00 target price on the stock in a research note on Wednesday, February 1st. StockNews.com began coverage on shares of Wintrust Financial in a research note on Thursday, March 16th. They issued a “hold” rating on the stock. Truist Financial lowered their target price on shares of Wintrust Financial from $112.00 to $102.00 in a research note on Friday, December 9th. DA Davidson lowered their target price on shares of Wintrust Financial from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, January 20th. Finally, Royal Bank of Canada lowered their target price on shares of Wintrust Financial from $108.00 to $95.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 14th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $106.70.
Insider Transactions at Wintrust Financial
In other Wintrust Financial news, Director H Patrick Hackett, Jr. acquired 7,100 shares of Wintrust Financial stock in a transaction dated Monday, March 13th. The stock was bought at an average cost of $73.31 per share, with a total value of $520,501.00. Following the acquisition, the director now owns 47,173 shares of the company’s stock, valued at $3,458,252.63. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.41% of the stock is owned by insiders.
Wintrust Financial Stock Performance
NASDAQ WTFC opened at $76.98 on Wednesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.99 and a quick ratio of 0.98. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 9.62, a P/E/G ratio of 0.39 and a beta of 1.20. The company’s fifty day moving average is $87.99 and its two-hundred day moving average is $87.47. Wintrust Financial Co. has a 52-week low of $57.48 and a 52-week high of $98.54.
Wintrust Financial Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 23rd. Stockholders of record on Thursday, February 9th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.08%. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.34. The ex-dividend date was Wednesday, February 8th. Wintrust Financial’s dividend payout ratio (DPR) is presently 20.00%.
Wintrust Financial Profile
Wintrust Financial Corp. operates as holding company, which engages in the provision of banking and financial services. It operates through the following segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment provides community-oriented, personal, and commercial banking services to customers located in its market area.
Further Reading
Want to see what other hedge funds are holding WTFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wintrust Financial Co. (NASDAQ:WTFC – Get Rating).
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