Susquehanna Fundamental Investments LLC Invests $1.01 Million in Wintrust Financial Co. (NASDAQ:WTFC)

Susquehanna Fundamental Investments LLC acquired a new stake in Wintrust Financial Co. (NASDAQ:WTFC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,121 shares of the bank’s stock, valued at approximately $1,013,000.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Wintrust Financial in the fourth quarter worth $94,906,000. Sei Investments Co. raised its stake in Wintrust Financial by 261.4% in the 4th quarter. Sei Investments Co. now owns 698,628 shares of the bank’s stock worth $87,126,000 after acquiring an additional 505,293 shares during the last quarter. First Trust Advisors LP lifted its position in Wintrust Financial by 36.5% during the 4th quarter. First Trust Advisors LP now owns 1,263,837 shares of the bank’s stock worth $157,613,000 after acquiring an additional 337,763 shares during the period. Raymond James Financial Inc. purchased a new stake in Wintrust Financial during the 4th quarter valued at about $40,562,000. Finally, Clearbridge Investments LLC increased its holdings in shares of Wintrust Financial by 41.3% in the fourth quarter. Clearbridge Investments LLC now owns 865,409 shares of the bank’s stock valued at $107,925,000 after purchasing an additional 253,050 shares during the period. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WTFC has been the topic of a number of recent research reports. DA Davidson dropped their target price on Wintrust Financial from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Royal Bank of Canada cut their price objective on shares of Wintrust Financial from $152.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 23rd. Barclays boosted their target price on shares of Wintrust Financial from $138.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, April 23rd. Truist Financial cut their price target on Wintrust Financial from $150.00 to $137.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, Piper Sandler reissued an “above average” rating on shares of Wintrust Financial in a report on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Wintrust Financial currently has an average rating of “Moderate Buy” and a consensus price target of $133.54.

Wintrust Financial Stock Up 1.3 %

Shares of WTFC opened at $112.63 on Friday. The firm has a market cap of $7.54 billion, a P/E ratio of 10.92 and a beta of 0.94. Wintrust Financial Co. has a 12 month low of $89.10 and a 12 month high of $142.04. The stock’s 50 day moving average is $109.60 and its two-hundred day moving average is $121.69. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Monday, April 21st. The bank reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.17. The firm had revenue of $643.11 million for the quarter, compared to analysts’ expectations of $643.11 million. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same quarter last year, the company earned $2.89 EPS. Analysts predict that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, May 8th. This represents a $2.00 annualized dividend and a yield of 1.78%. Wintrust Financial’s dividend payout ratio (DPR) is currently 19.78%.

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.