Inspire Advisors LLC Grows Position in Wintrust Financial Corporation $WTFC

Inspire Advisors LLC lifted its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 10.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 6,316 shares of the bank’s stock after purchasing an additional 589 shares during the quarter. Inspire Advisors LLC’s holdings in Wintrust Financial were worth $783,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capstone Financial Advisors Inc. purchased a new position in Wintrust Financial in the 1st quarter worth approximately $297,000. Cetera Investment Advisers raised its stake in shares of Wintrust Financial by 24.5% during the first quarter. Cetera Investment Advisers now owns 19,663 shares of the bank’s stock valued at $2,211,000 after purchasing an additional 3,873 shares during the period. LPL Financial LLC lifted its position in shares of Wintrust Financial by 151.7% during the first quarter. LPL Financial LLC now owns 40,220 shares of the bank’s stock worth $4,523,000 after purchasing an additional 24,240 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Wintrust Financial by 16.0% during the first quarter. Raymond James Financial Inc. now owns 377,405 shares of the bank’s stock worth $42,443,000 after purchasing an additional 52,154 shares in the last quarter. Finally, REAP Financial Group LLC boosted its stake in shares of Wintrust Financial by 196.0% in the second quarter. REAP Financial Group LLC now owns 296 shares of the bank’s stock valued at $37,000 after purchasing an additional 196 shares during the period. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wintrust Financial Stock Up 1.4%

Shares of Wintrust Financial stock opened at $125.21 on Wednesday. The business has a 50-day moving average price of $130.31 and a 200 day moving average price of $127.80. Wintrust Financial Corporation has a fifty-two week low of $89.10 and a fifty-two week high of $142.04. The firm has a market cap of $8.39 billion, a P/E ratio of 11.51 and a beta of 0.91. 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 (NASDAQ:WTFC) last released its earnings results on Thursday, November 6th. The bank reported $3.06 EPS for the quarter. Wintrust Financial had a return on equity of 13.05% and a net margin of 18.85%.The company had revenue of $1.26 billion for the quarter. On average, sell-side analysts forecast that Wintrust Financial Corporation will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders 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 yield of 1.6%. The ex-dividend date of this dividend is Thursday, November 6th. Wintrust Financial’s payout ratio is currently 18.38%.

Analyst Upgrades and Downgrades

WTFC has been the topic of a number of recent analyst reports. Royal Bank Of Canada boosted their price objective on shares of Wintrust Financial from $137.00 to $158.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. Cowen reaffirmed a “buy” rating on shares of Wintrust Financial in a research report on Wednesday, October 22nd. Barclays reiterated an “overweight” rating and issued a $175.00 price target on shares of Wintrust Financial in a research note on Wednesday, October 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Wintrust Financial in a research note on Wednesday, October 8th. Finally, Truist Financial lifted 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. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two 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 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.