Several hedge funds have recently adjusted their holdings in Wintrust Financial. Frontier Capital Management increased their stake by 13.8%, owning 538,489 shares worth $49.9 million after buying 65,179 shares. Chicago Wealth Management, C M Bidwell & Associates Ltd., American Trust, and Virtu Financial also bought new shares, with total investments around $200,000 to $234,000. Overall, institutional investors own 93.48% of the stock.
Wintrust Financial Stock Overview
On Wednesday, Wintrust Financial’s shares (NASDAQ: WTFC) opened at $105.47, down 0.8%. The company has a market cap of $7.01 billion, a PE ratio of 10.91, and a beta of 1.16. Its 12-month price range is $71.86 to $113.68.
In its latest earnings report on July 17, Wintrust Financial posted earnings of $2.32 per share, falling short of estimates by $0.10, but revenue was slightly higher than expected, at $591.76 million, a year-over-year increase of 5.6%. Analysts predict earnings of $10.08 per share for this year.
Dividend Announcement
Wintrust declared a quarterly dividend of $0.45, paid on August 22 for investors of record on August 8, giving an annual yield of 1.71%.
Analyst Ratings
Analysts have varied price targets for Wintrust Financial; Hovde Group has set a price objective of $100, while Royal Bank of Canada increased theirs to $117. Jefferies lowered their target to $116. The consensus rating is a “Moderate Buy” with a price target of $118.23.
Company Overview
Wintrust Financial Corporation operates in three segments: Community Banking, Specialty Finance, and Wealth Management. They offer various banking services, loans, and online banking options.
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