EP Wealth Advisors LLC Invests $680,000 in Wintrust Financial Corporation $WTFC

EP Wealth Advisors LLC acquired a new stake in Wintrust Financial Corporation (NASDAQ:WTFC) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,234 shares of the bank’s stock, valued at approximately $680,000.

A number of other institutional investors have also made changes to their positions in WTFC. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Wintrust Financial in the 2nd quarter valued at $27,000. Advisors Asset Management Inc. bought a new position in shares of Wintrust Financial in the 1st quarter valued at about $27,000. Elyxium Wealth LLC acquired a new stake in shares of Wintrust Financial in the fourth quarter valued at about $31,000. Creative Financial Designs Inc. ADV increased its position in shares of Wintrust Financial by 231.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock valued at $32,000 after acquiring an additional 160 shares during the last quarter. Finally, Harbour Investments Inc. raised its holdings in Wintrust Financial by 72.7% during the fourth quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock worth $34,000 after acquiring an additional 101 shares in the last quarter. Institutional investors own 93.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on WTFC shares. DA Davidson increased their price target on Wintrust Financial from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Truist Financial raised their target price on shares of Wintrust Financial from $170.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, July 10th. UBS Group restated a “neutral” rating and set a $170.00 target price on shares of Wintrust Financial in a report on Tuesday, July 7th. Barclays increased their price target on shares of Wintrust Financial from $190.00 to $192.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Finally, Brean Capital downgraded shares of Wintrust Financial from a “buy” rating to a “neutral” rating and set a $170.00 price objective for the company. in a research report on Tuesday, July 21st. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $177.77.

Wintrust Financial Price Performance

NASDAQ:WTFC opened at $151.99 on Tuesday. Wintrust Financial Corporation has a one year low of $119.61 and a one year high of $167.21. The company has a market cap of $10.25 billion, a P/E ratio of 12.21 and a beta of 0.85. The firm’s fifty day moving average price is $159.70 and its two-hundred day moving average price is $151.30. 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 (NASDAQ:WTFC) last posted its earnings results on Monday, July 20th. The bank reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.15. The company had revenue of $738.63 million during the quarter, compared to analysts’ expectations of $735.36 million. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. Wintrust Financial’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.78 EPS. Equities analysts expect that Wintrust Financial Corporation will post 13.04 earnings per share for the current year.

Wintrust Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, August 6th. Wintrust Financial’s dividend payout ratio is currently 17.67%.

Insider Transactions at Wintrust Financial

In other Wintrust Financial news, COO David A. Dykstra sold 13,515 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $162.77, for a total transaction 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 trade represents a 7.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.24% of the stock is owned by company insiders.

Wintrust Financial Profile

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.