Burney Co. Buys New Stake in Wintrust Financial Corporation $WTFC

Burney Co. purchased a new stake in Wintrust Financial Corporation (NASDAQ:WTFC) in the second quarter, HoldingsChannel reports. The institutional investor purchased 2,320 shares of the bank’s stock, valued at approximately $288,000.

Several other hedge funds also recently made changes to their positions in WTFC. State of Michigan Retirement System lifted its holdings in shares of Wintrust Financial by 0.6% in the 2nd quarter. State of Michigan Retirement System now owns 16,063 shares of the bank’s stock valued at $1,991,000 after purchasing an additional 100 shares during the last quarter. Tredje AP fonden increased its position in Wintrust Financial by 45.0% during the second quarter. Tredje AP fonden now owns 12,263 shares of the bank’s stock worth $1,520,000 after buying an additional 3,803 shares during the period. Strs Ohio lifted its stake in Wintrust Financial by 0.9% in the second quarter. Strs Ohio now owns 105,793 shares of the bank’s stock valued at $13,116,000 after buying an additional 930 shares during the last quarter. Atria Investments Inc boosted its holdings in shares of Wintrust Financial by 30.4% in the second quarter. Atria Investments Inc now owns 11,800 shares of the bank’s stock valued at $1,463,000 after acquiring an additional 2,751 shares during the period. Finally, Retirement Systems of Alabama grew its position in shares of Wintrust Financial by 1.1% during the second quarter. Retirement Systems of Alabama now owns 81,803 shares of the bank’s stock worth $10,142,000 after acquiring an additional 870 shares during the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wintrust Financial Stock Down 0.8%

Shares of NASDAQ WTFC opened at $128.68 on Friday. The stock has a market capitalization of $8.62 billion, a price-to-earnings ratio of 11.83 and a beta of 0.91. Wintrust Financial Corporation has a 52 week low of $89.10 and a 52 week high of $142.04. The firm has a 50-day moving average price of $131.81 and a 200 day moving average price of $126.53. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.68.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Thursday, November 6th. The bank reported $3.06 earnings per share for the quarter. Wintrust Financial had a net margin of 18.85% and a return on equity of 13.05%. The company had revenue of $1.26 billion for the quarter. Equities research analysts anticipate that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 6th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $2.00 annualized dividend and a yield of 1.6%. Wintrust Financial’s payout ratio is currently 18.38%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WTFC. TD Cowen started coverage on shares of Wintrust Financial in a research note on Thursday, September 25th. They set a “buy” rating and a $166.00 price target for the company. Jefferies Financial Group decreased their target price on shares of Wintrust Financial from $165.00 to $160.00 and set a “buy” rating for the company in a research note on Tuesday, October 21st. Weiss Ratings restated a “buy (b-)” rating on shares of Wintrust Financial in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods increased their price objective on Wintrust Financial from $130.00 to $138.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 23rd. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $157.00 target price (up previously from $155.00) on shares of Wintrust Financial in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $152.92.

Wintrust Financial 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.