Mount Yale Investment Advisors LLC Grows Stake in Wintrust Financial Co. (NASDAQ:WTFC)

Mount Yale Investment Advisors LLC raised its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 17.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,408 shares of the bank’s stock after buying an additional 811 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Wintrust Financial were worth $564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Concord Wealth Partners bought a new stake in Wintrust Financial in the 1st quarter valued at $26,000. Opal Wealth Advisors LLC bought a new stake in shares of Wintrust Financial in the first quarter worth about $27,000. Johnson Financial Group Inc. purchased a new stake in shares of Wintrust Financial in the fourth quarter worth about $25,000. Quent Capital LLC boosted its stake in Wintrust Financial by 120.8% during the fourth quarter. Quent Capital LLC now owns 351 shares of the bank’s stock valued at $33,000 after buying an additional 192 shares during the last quarter. Finally, GAMMA Investing LLC bought a new stake in Wintrust Financial in the 4th quarter worth approximately $41,000. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Stock Up 0.7 %

Wintrust Financial stock traded up $0.79 during mid-day trading on Tuesday, reaching $109.03. 29,514 shares of the company were exchanged, compared to its average volume of 382,792. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $6.73 billion, a P/E ratio of 11.19 and a beta of 1.18. The business has a fifty day moving average of $99.29 and a 200 day moving average of $98.53. Wintrust Financial Co. has a 12-month low of $71.86 and a 12-month high of $113.68.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Wednesday, July 17th. The bank reported $2.32 earnings per share for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.10). Wintrust Financial had a return on equity of 12.71% and a net margin of 17.02%. The company had revenue of $591.76 million for the quarter, compared to analysts’ expectations of $587.33 million. During the same quarter last year, the company earned $2.38 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. Research analysts anticipate that Wintrust Financial Co. will post 10.11 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Thursday, August 8th. Wintrust Financial’s dividend payout ratio is currently 18.61%.

Wall Street Analyst Weigh In

Several research analysts have commented on WTFC shares. Jefferies Financial Group dropped their price objective on shares of Wintrust Financial from $118.00 to $116.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. StockNews.com upgraded shares of Wintrust Financial from a “sell” rating to a “hold” rating in a report on Thursday, April 18th. Piper Sandler increased their price objective on shares of Wintrust Financial from $113.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Hovde Group restated a “market perform” rating and set a $100.00 target price on shares of Wintrust Financial in a research report on Friday, June 21st. Finally, Wedbush raised their price target on Wintrust Financial from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Wintrust Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.85.

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.