one8zero8 LLC Invests $2.02 Million in Wintrust Financial Corporation $WTFC

one8zero8 LLC acquired a new position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 12,600 shares of the bank’s stock, valued at approximately $2,025,000.

Other large investors have also bought and sold shares of the company. NewEdge Wealth LLC bought a new position in Wintrust Financial in the second quarter valued at about $229,000. Diversify Advisory Services LLC bought a new position in shares of Wintrust Financial in the second quarter worth about $419,000. Meeder Advisory Services Inc. bought a new position in shares of Wintrust Financial in the second quarter worth about $244,000. BlackRock Inc. acquired a new stake in shares of Wintrust Financial in the 2nd quarter valued at approximately $1,058,088,000. Finally, Performance Wealth Partners LLC acquired a new stake in shares of Wintrust Financial in the 2nd quarter valued at approximately $328,000. 93.48% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO David A. Dykstra sold 13,515 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $162.77, for a total value of $2,199,836.55. Following the completion of the sale, the chief operating officer directly owned 166,449 shares in the company, valued at $27,092,903.73. This represents a 7.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.24% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Wintrust Financial in a research report on Monday, June 29th. Capital One Financial set a $170.00 target price on shares of Wintrust Financial in a research report on Tuesday, July 21st. Piper Sandler set a $186.00 target price on shares of Wintrust Financial in a research note on Wednesday, July 22nd. UBS Group reiterated a “neutral” rating and set a $170.00 price target on shares of Wintrust Financial in a report on Tuesday, July 7th. Finally, TD Cowen dropped their price target on Wintrust Financial from $184.00 to $183.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $177.77.

Wintrust Financial Stock Down 3.4%

Shares of NASDAQ WTFC opened at $153.41 on Thursday. The company has a 50 day simple moving average of $159.99 and a 200 day simple moving average of $151.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97. Wintrust Financial Corporation has a 1 year low of $119.61 and a 1 year high of $167.21. The firm has a market cap of $10.35 billion, a PE ratio of 12.32 and a beta of 0.85.

Wintrust Financial (NASDAQ:WTFC) last posted its 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. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. The firm had revenue of $738.63 million for the quarter, compared to analyst estimates of $735.36 million. During the same period in the previous year, the firm posted $2.78 EPS. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, research analysts forecast that Wintrust Financial Corporation will post 13.04 EPS for the current year.

Wintrust Financial Dividend Announcement

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

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.