OneDigital Investment Advisors LLC Takes Position in Wintrust Financial Corporation $WTFC

OneDigital Investment Advisors LLC purchased a new stake in Wintrust Financial Corporation (NASDAQ:WTFC) in the second quarter, HoldingsChannel reports. The fund purchased 4,643 shares of the bank’s stock, valued at approximately $746,000.

A number of other hedge funds also recently modified their holdings of the company. Advisors Asset Management Inc. bought a new position in Wintrust Financial in the first quarter worth $27,000. Elyxium Wealth LLC bought a new position in shares of Wintrust Financial in the fourth quarter valued at approximately $31,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of Wintrust Financial by 231.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock worth $32,000 after acquiring an additional 160 shares in the last quarter. Harbour Investments Inc. grew its position in Wintrust Financial by 72.7% during the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock worth $34,000 after acquiring an additional 101 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new stake in Wintrust Financial during the 1st quarter worth approximately $35,000. Institutional investors own 93.48% of the company’s stock.

Insider Activity

In other news, COO David A. Dykstra sold 13,515 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $162.77, for a total value of $2,199,836.55. Following the completion of the sale, the chief operating officer directly owned 166,449 shares of the company’s stock, valued at $27,092,903.73. This represents a 7.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.24% of the company’s stock.

Wintrust Financial Stock Performance

WTFC stock opened at $158.86 on Wednesday. The business’s fifty day moving average is $160.01 and its 200-day moving average is $151.24. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62. The company has a market cap of $10.72 billion, a P/E ratio of 12.76 and a beta of 0.85. Wintrust Financial Corporation has a twelve month low of $119.61 and a twelve month high of $167.21.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, July 20th. The bank reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.15. The business had revenue of $738.63 million during the quarter, compared to analysts’ expectations of $735.36 million. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.78 earnings per share. Equities research analysts forecast that Wintrust Financial Corporation will post 13.04 EPS for the current year.

Wintrust Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, August 6th. Wintrust Financial’s payout ratio is presently 17.67%.

Analysts Set New Price Targets

WTFC has been the subject of several research analyst reports. Citigroup downgraded Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, July 21st. UBS Group reissued a “neutral” rating and set a $170.00 price objective on shares of Wintrust Financial in a report on Tuesday, July 7th. Weiss Ratings restated a “buy (b)” rating on shares of Wintrust Financial in a research report on Monday, June 29th. Brean Capital lowered shares of Wintrust Financial from a “buy” rating to a “neutral” rating and set a $170.00 target price on the stock. in a research report on Tuesday, July 21st. Finally, DA Davidson increased their price target on shares of Wintrust Financial from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Wintrust Financial currently has an average rating of “Moderate Buy” and a consensus price target of $177.77.

Wintrust Financial Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.