Wintrust Financial Corporation $WTFC Shares Bought by Retirement Systems of Alabama

Retirement Systems of Alabama raised its position in Wintrust Financial Corporation (NASDAQ:WTFC) by 1.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 81,803 shares of the bank’s stock after purchasing an additional 870 shares during the period. Retirement Systems of Alabama’s holdings in Wintrust Financial were worth $10,142,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of WTFC. Maseco LLP acquired a new stake in Wintrust Financial in the second quarter valued at $25,000. Advisors Asset Management Inc. acquired a new stake in Wintrust Financial in the first quarter valued at $27,000. AlphaQuest LLC acquired a new stake in shares of Wintrust Financial during the first quarter valued at $33,000. Wayfinding Financial LLC acquired a new stake in shares of Wintrust Financial during the first quarter valued at $36,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Wintrust Financial by 52.9% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 289 shares of the bank’s stock valued at $36,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on WTFC shares. TD Cowen started coverage on Wintrust Financial in a research note on Thursday, September 25th. They set a “buy” rating and a $166.00 price objective on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $161.00 price objective (up previously from $160.00) on shares of Wintrust Financial in a research note on Wednesday, October 22nd. Barclays reaffirmed an “overweight” rating and set a $175.00 price objective on shares of Wintrust Financial in a research note on Wednesday, October 8th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $157.00 price objective (up previously from $155.00) on shares of Wintrust Financial in a research note on Wednesday, July 23rd. Finally, DA Davidson reaffirmed a “buy” rating and set a $158.00 price objective on shares of Wintrust Financial in a research note on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Wintrust Financial currently has an average rating of “Moderate Buy” and an average price target of $152.92.

Wintrust Financial Stock Up 1.8%

Shares of NASDAQ:WTFC opened at $130.02 on Monday. The stock’s 50-day moving average price is $132.44 and its two-hundred day moving average price is $126.13. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. Wintrust Financial Corporation has a 12-month low of $89.10 and a 12-month high of $142.04. The firm has a market cap of $8.71 billion, a price-to-earnings ratio of 11.95 and a beta of 0.83.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Monday, October 20th. The bank reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $0.43. Wintrust Financial had a return on equity of 13.05% and a net margin of 18.85%.The firm had revenue of $697.84 million for the quarter, compared to analyst estimates of $689.10 million. During the same period last year, the company earned $2.47 EPS. On average, research analysts forecast that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Wintrust Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Thursday, November 6th. 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.