Pekin Hardy Strauss Inc. Has $589,000 Stock Holdings in Wintrust Financial Corporation $WTFC

Pekin Hardy Strauss Inc. decreased its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 17.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,750 shares of the bank’s stock after selling 1,000 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Wintrust Financial were worth $589,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Maseco LLP bought a new stake in shares of Wintrust Financial during the second quarter worth approximately $25,000. Advisors Asset Management Inc. acquired a new stake in Wintrust Financial during the 1st quarter worth approximately $27,000. AlphaQuest LLC acquired a new stake in Wintrust Financial during the 1st quarter worth approximately $33,000. MassMutual Private Wealth & Trust FSB boosted its stake in Wintrust Financial by 52.9% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 289 shares of the bank’s stock valued at $36,000 after purchasing an additional 100 shares during the period. Finally, REAP Financial Group LLC grew its holdings in Wintrust Financial by 196.0% in the 2nd quarter. REAP Financial Group LLC now owns 296 shares of the bank’s stock valued at $37,000 after buying an additional 196 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. 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 research report on Wednesday, July 23rd. DA Davidson reissued a “buy” rating and issued a $158.00 price objective on shares of Wintrust Financial in a report on Tuesday, October 21st. Cowen restated a “buy” rating on shares of Wintrust Financial in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Wintrust Financial in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group cut their price target on Wintrust Financial from $165.00 to $160.00 and set a “buy” rating for the company in a research note on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $152.92.

Wintrust Financial Stock Up 1.5%

Shares of NASDAQ:WTFC opened at $130.62 on Friday. Wintrust Financial Corporation has a 52-week low of $89.10 and a 52-week high of $142.04. The company has a market capitalization of $8.75 billion, a PE ratio of 12.01 and a beta of 0.91. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01. The company has a fifty day moving average of $131.68 and a 200-day moving average of $126.74.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Thursday, November 6th. The bank reported $3.06 EPS for the quarter. Wintrust Financial had a net margin of 18.85% and a return on equity of 13.05%. The business had revenue of $1.26 billion for the quarter. On average, equities analysts predict that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $2.00 annualized dividend and a dividend yield of 1.5%. Wintrust Financial’s dividend payout ratio (DPR) is 18.38%.

About Wintrust Financial

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.