Vise Technologies Inc. Invests $739,000 in Wintrust Financial Corporation $WTFC

Vise Technologies Inc. acquired a new stake in Wintrust Financial Corporation (NASDAQ:WTFC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,601 shares of the bank’s stock, valued at approximately $739,000.

Other hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. purchased a new stake in shares of Wintrust Financial during the 1st quarter worth about $27,000. Jones Financial Companies Lllp raised its stake in Wintrust Financial by 49.0% during the first quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank’s stock worth $115,000 after purchasing an additional 335 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Wintrust Financial by 7.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 179,430 shares of the bank’s stock valued at $20,179,000 after purchasing an additional 12,103 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Wintrust Financial by 400.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 400 shares of the bank’s stock worth $50,000 after acquiring an additional 320 shares during the last quarter. Finally, Cerity Partners LLC lifted its stake in Wintrust Financial by 1.6% during the 2nd quarter. Cerity Partners LLC now owns 23,120 shares of the bank’s stock worth $2,866,000 after acquiring an additional 355 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wall Street Analysts Forecast Growth

WTFC has been the topic of a number of analyst reports. Brean Capital lowered Wintrust Financial from a “buy” rating to a “neutral” rating and set a $170.00 price target on the stock. in a research report on Tuesday, July 21st. DA Davidson increased their price objective on Wintrust Financial from $185.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Wintrust Financial in a research note on Monday, June 29th. UBS Group reaffirmed a “neutral” rating and set a $170.00 price target on shares of Wintrust Financial in a research report on Tuesday, July 7th. Finally, Raymond James Financial began coverage on shares of Wintrust Financial in a report on Tuesday, July 7th. They issued an “outperform” rating and a $180.00 target price for the company. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Wintrust Financial presently has an average rating of “Moderate Buy” and a consensus target price of $177.77.

Wintrust Financial Price Performance

Shares of NASDAQ WTFC opened at $152.67 on Monday. The firm has a 50-day moving average price of $159.79 and a 200 day moving average price of $151.33. Wintrust Financial Corporation has a 52 week low of $119.61 and a 52 week high of $167.21. 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 stock has a market capitalization of $10.30 billion, a price-to-earnings ratio of 12.26 and a beta of 0.85.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Monday, July 20th. The bank reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.15. The business had revenue of $738.63 million for 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 company’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.78 EPS. Equities research analysts anticipate that Wintrust Financial Corporation will post 13.04 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were given a $0.55 dividend. The ex-dividend date was Thursday, August 6th. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. Wintrust Financial’s dividend payout ratio is currently 17.67%.

Insiders Place Their Bets

In other Wintrust Financial news, COO David A. Dykstra sold 13,515 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $162.77, for a total transaction of $2,199,836.55. Following the completion of the transaction, the chief operating officer owned 166,449 shares of the company’s stock, valued at approximately $27,092,903.73. This trade represents a 7.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.24% of the company’s stock.

About Wintrust Financial

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.