World Investment Advisors Has $608,000 Holdings in Wintrust Financial Corporation $WTFC

World Investment Advisors lifted its holdings in Wintrust Financial Corporation (NASDAQ:WTFC) by 19.9% during the 2nd quarter, Holdings Channel reports. The fund owned 4,901 shares of the bank’s stock after acquiring an additional 815 shares during the quarter. World Investment Advisors’ holdings in Wintrust Financial were worth $608,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Maseco LLP acquired a new position in shares of Wintrust Financial in the 2nd quarter worth approximately $25,000. Advisors Asset Management Inc. acquired a new position in shares of Wintrust Financial in the 1st quarter worth approximately $27,000. AlphaQuest LLC acquired a new position in shares of Wintrust Financial in the 1st quarter worth approximately $33,000. Wayfinding Financial LLC acquired a new position in shares of Wintrust Financial in the 1st quarter worth approximately $36,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Wintrust Financial by 52.9% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 289 shares of the bank’s stock worth $36,000 after acquiring an additional 100 shares in the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

Wintrust Financial Stock Up 1.8%

Shares of Wintrust Financial stock opened at $130.02 on Monday. The company has a quick ratio of 1.01, a current 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 business has a fifty day simple moving average of $132.44 and a 200 day simple moving average of $126.13. The stock has a market cap of $8.71 billion, a PE ratio of 11.95 and a beta of 0.83.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, October 20th. The bank reported $3.06 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 business had revenue of $697.84 million during the quarter, compared to analysts’ expectations of $689.10 million. During the same period in the previous year, the firm earned $2.47 earnings per share. Research analysts predict that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Wintrust Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 6th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.5%. Wintrust Financial’s payout ratio is 18.38%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Truist Financial upped their price objective on Wintrust Financial from $151.00 to $158.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Wintrust Financial in a research report on Wednesday, October 8th. Piper Sandler restated an “overweight” rating and set a $161.00 target price (up previously from $160.00) on shares of Wintrust Financial in a research report on Wednesday, October 22nd. DA Davidson restated a “buy” rating and set a $158.00 target price on shares of Wintrust Financial in a research report on Tuesday, October 21st. Finally, Royal Bank Of Canada boosted their target price on Wintrust Financial from $137.00 to $158.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Wintrust Financial presently has an average rating of “Moderate Buy” and an average price target of $152.92.

Wintrust Financial Company Profile

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.