LRI Investments LLC Buys Shares of 1,969 Wintrust Financial Co. (NASDAQ:WTFC)

LRI Investments LLC bought a new stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) in the 1st quarter, HoldingsChannel reports. The firm bought 1,969 shares of the bank’s stock, valued at approximately $200,000.

Several other large investors have also recently made changes to their positions in WTFC. Johnson Financial Group Inc. purchased a new position in shares of Wintrust Financial during the fourth quarter worth approximately $25,000. Concord Wealth Partners purchased a new position in shares of Wintrust Financial in the first quarter worth $26,000. Opal Wealth Advisors LLC purchased a new position in shares of Wintrust Financial in the first quarter worth $27,000. Quent Capital LLC increased its stake in shares of Wintrust Financial by 120.8% in the fourth quarter. Quent Capital LLC now owns 351 shares of the bank’s stock worth $33,000 after buying an additional 192 shares during the period. Finally, GAMMA Investing LLC purchased a new position in shares of Wintrust Financial in the fourth quarter worth $41,000. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WTFC has been the topic of several analyst reports. Stephens reaffirmed an “overweight” rating and issued a $115.00 target price on shares of Wintrust Financial in a research note on Thursday, July 18th. StockNews.com raised shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th. DA Davidson lifted their target price on shares of Wintrust Financial from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Keefe, Bruyette & Woods cut shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $110.00 to $115.00 in a report on Friday, July 19th. Finally, Citigroup cut their price target on shares of Wintrust Financial from $115.00 to $113.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $117.85.

Wintrust Financial Stock Up 1.2 %

Shares of WTFC stock traded up $1.26 during mid-day trading on Friday, reaching $110.13. 402,587 shares of the company’s stock traded hands, compared to its average volume of 497,782. Wintrust Financial Co. has a 12 month low of $71.86 and a 12 month high of $113.68. The company has a market cap of $6.80 billion, a P/E ratio of 11.39 and a beta of 1.18. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.85. The company’s 50-day moving average price is $99.13 and its 200-day moving average price is $98.42.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Wednesday, July 17th. The bank reported $2.32 EPS for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.10). Wintrust Financial had a net margin of 17.02% and a return on equity of 12.71%. The business had revenue of $591.76 million for the quarter, compared to the consensus estimate of $587.33 million. During the same quarter last year, the firm posted $2.38 EPS. The business’s quarterly revenue was up 5.6% on a year-over-year basis. On average, equities analysts expect that Wintrust Financial Co. will post 10.11 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Thursday, August 8th. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.61%.

Wintrust Financial Company Profile

Wintrust Financial Corporation operates as a financial holding company. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), online and mobile banking, and other services.