State Board of Administration of Florida Retirement System Has $2,512,000 Holdings in Wintrust Financial Corporation (WTFC)

State Board of Administration of Florida Retirement System held its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,861 shares of the bank’s stock at the end of the 2nd quarter. State Board of Administration of Florida Retirement System owned approximately 0.06% of Wintrust Financial Corporation worth $2,512,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Swiss National Bank boosted its position in shares of Wintrust Financial Corporation by 0.6% during the first quarter. Swiss National Bank now owns 85,367 shares of the bank’s stock valued at $5,901,000 after buying an additional 500 shares during the last quarter. Sei Investments Co. boosted its position in shares of Wintrust Financial Corporation by 4.4% during the first quarter. Sei Investments Co. now owns 72,123 shares of the bank’s stock valued at $4,985,000 after buying an additional 3,036 shares during the last quarter. Clinton Group Inc. purchased a new stake in shares of Wintrust Financial Corporation during the first quarter valued at $1,805,000. Credit Agricole S A boosted its position in shares of Wintrust Financial Corporation by 48.0% during the first quarter. Credit Agricole S A now owns 303,848 shares of the bank’s stock valued at $21,002,000 after buying an additional 98,489 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in shares of Wintrust Financial Corporation by 4.6% during the second quarter. Jennison Associates LLC now owns 1,176,922 shares of the bank’s stock valued at $89,964,000 after buying an additional 52,161 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

In other Wintrust Financial Corporation news, EVP David A. Dykstra sold 26,861 shares of the business’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $76.82, for a total transaction of $2,063,462.02. Following the sale, the executive vice president now owns 185,651 shares in the company, valued at approximately $14,261,709.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gary D. Sweeney purchased 485 shares of the company’s stock in a transaction on Friday, July 21st. The shares were purchased at an average price of $77.12 per share, for a total transaction of $37,403.20. Following the purchase, the director now owns 2,186 shares in the company, valued at approximately $168,584.32. The disclosure for this purchase can be found here. 2.00% of the stock is currently owned by insiders.

Wintrust Financial Corporation (WTFC) opened at 68.36 on Monday. The company has a market cap of $3.82 billion, a P/E ratio of 17.24 and a beta of 0.81. The firm has a 50-day moving average price of $73.43 and a 200-day moving average price of $72.66. Wintrust Financial Corporation has a 12-month low of $51.65 and a 12-month high of $80.52.

Wintrust Financial Corporation (NASDAQ:WTFC) last posted its quarterly earnings results on Tuesday, July 18th. The bank reported $1.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.12. The business had revenue of $294.38 million for the quarter, compared to the consensus estimate of $279.69 million. Wintrust Financial Corporation had a return on equity of 9.15% and a net margin of 19.24%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.90 EPS. On average, analysts forecast that Wintrust Financial Corporation will post $4.30 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $0.56 annualized dividend and a yield of 0.82%. Wintrust Financial Corporation’s payout ratio is presently 14.11%.

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Several equities research analysts recently commented on the company. Royal Bank Of Canada reaffirmed a “buy” rating and set a $84.00 price objective on shares of Wintrust Financial Corporation in a research report on Friday. Zacks Investment Research downgraded Wintrust Financial Corporation from a “buy” rating to a “hold” rating in a report on Friday. Piper Jaffray Companies reissued a “hold” rating and issued a $74.00 target price on shares of Wintrust Financial Corporation in a report on Friday, September 1st. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $82.00 target price on shares of Wintrust Financial Corporation in a report on Tuesday, August 22nd. Finally, ValuEngine raised Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $81.00.

Wintrust Financial Corporation Company Profile

Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.

Institutional Ownership by Quarter for Wintrust Financial Corporation (NASDAQ:WTFC)

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