Meristem Family Wealth LLC Invests $224,000 in Wintrust Financial Co. (NASDAQ:WTFC)

Meristem Family Wealth LLC purchased a new position in Wintrust Financial Co. (NASDAQ:WTFC) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,949 shares of the bank’s stock, valued at approximately $224,000.

Several other institutional investors have also recently added to or reduced their stakes in WTFC. Acadian Asset Management LLC grew its position in Wintrust Financial by 77.1% in the first quarter. Acadian Asset Management LLC now owns 767 shares of the bank’s stock worth $58,000 after acquiring an additional 334 shares in the last quarter. Toronto Dominion Bank grew its position in Wintrust Financial by 6,153.8% in the fourth quarter. Toronto Dominion Bank now owns 1,626 shares of the bank’s stock worth $100,000 after acquiring an additional 1,600 shares in the last quarter. HighPoint Advisor Group LLC purchased a new position in Wintrust Financial in the fourth quarter worth $201,000. Blueshift Asset Management LLC purchased a new position in Wintrust Financial in the first quarter worth $206,000. Finally, United Capital Financial Advisers LLC purchased a new position in Wintrust Financial in the fourth quarter worth $216,000. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on the stock. Truist upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating and upped their target price for the stock from $67.00 to $92.00 in a research report on Friday, May 21st. Raymond James upped their target price on shares of Wintrust Financial from $78.00 to $96.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, March 16th. Zacks Investment Research lowered shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Saturday, April 3rd. Jefferies Financial Group upped their price target on shares of Wintrust Financial from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, April 9th. Finally, Truist Securities upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating and upped their price target for the company from $67.00 to $92.00 in a research report on Friday, May 21st. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $78.22.

Shares of NASDAQ:WTFC opened at $80.41 on Friday. The company has a market capitalization of $4.59 billion, a P/E ratio of 13.01, a price-to-earnings-growth ratio of 0.70 and a beta of 1.61. The company’s 50-day moving average price is $78.27. The company has a current ratio of 1.00, a quick ratio of 0.97 and a debt-to-equity ratio of 0.63. Wintrust Financial Co. has a 12 month low of $37.28 and a 12 month high of $87.85.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Sunday, April 18th. The bank reported $2.54 EPS for the quarter, beating the consensus estimate of $1.41 by $1.13. The firm had revenue of $448.40 million during the quarter, compared to the consensus estimate of $414.02 million. Wintrust Financial had a net margin of 19.84% and a return on equity of 10.37%. During the same period in the prior year, the firm posted $1.04 earnings per share. As a group, equities research analysts expect that Wintrust Financial Co. will post 6.63 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 20th. Stockholders of record on Thursday, May 6th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Wednesday, May 5th. Wintrust Financial’s dividend payout ratio (DPR) is 26.50%.

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.

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Institutional Ownership by Quarter for Wintrust Financial (NASDAQ:WTFC)

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