Falcon Point Capital LLC Has $9,709,000 Stake in Wintrust Financial Corp. (WTFC)
Falcon Point Capital LLC decreased its stake in Wintrust Financial Corp. (NASDAQ:WTFC) by 24.3% during the second quarter, Holdings Channel reports. The fund owned 190,374 shares of the company’s stock after selling 60,965 shares during the period. Falcon Point Capital LLC’s holdings in Wintrust Financial Corp. were worth $9,709,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of WTFC. Squarepoint Ops LLC purchased a new stake in shares of Wintrust Financial Corp. during the first quarter valued at about $230,000. Royal Bank of Canada raised its stake in shares of Wintrust Financial Corp. by 453.9% in the first quarter. Royal Bank of Canada now owns 5,694 shares of the company’s stock valued at $252,000 after buying an additional 4,666 shares during the period. Strs Ohio raised its stake in shares of Wintrust Financial Corp. by 23.3% in the second quarter. Strs Ohio now owns 5,300 shares of the company’s stock valued at $270,000 after buying an additional 1,000 shares during the period. Parametrica Management Ltd purchased a new stake in shares of Wintrust Financial Corp. during the second quarter valued at about $277,000. Finally, Virginia Retirement System purchased a new stake in shares of Wintrust Financial Corp. during the first quarter valued at about $288,000. Institutional investors and hedge funds own 91.90% of the company’s stock.
Wintrust Financial Corp. (NASDAQ:WTFC) traded up 0.98% during midday trading on Thursday, hitting $55.49. The stock had a trading volume of 324,584 shares. The company has a market capitalization of $2.87 billion, a PE ratio of 17.71 and a beta of 1.01. The stock’s 50-day moving average is $54.64 and its 200-day moving average is $50.76. Wintrust Financial Corp. has a 1-year low of $37.96 and a 1-year high of $56.03.
Wintrust Financial Corp. (NASDAQ:WTFC) last issued its quarterly earnings data on Tuesday, July 19th. The company reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.04. Wintrust Financial Corp. had a return on equity of 8.27% and a net margin of 16.55%. During the same quarter last year, the business earned $0.85 earnings per share. Equities research analysts forecast that Wintrust Financial Corp. will post $3.60 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, August 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.87%. Wintrust Financial Corp.’s payout ratio is 15.34%.
Several equities research analysts have issued reports on the company. Zacks Investment Research lowered Wintrust Financial Corp. from a “buy” rating to a “hold” rating in a research note on Thursday. Sterne Agee CRT assumed coverage on Wintrust Financial Corp. in a research note on Sunday, June 12th. They set a “hold” rating for the company. Piper Jaffray Cos. assumed coverage on Wintrust Financial Corp. in a research note on Friday, June 10th. They set a “neutral” rating and a $52.00 price target for the company. Raymond James Financial Inc. reaffirmed a “strong-buy” rating on shares of Wintrust Financial Corp. in a research note on Friday, June 3rd. Finally, Hovde Group assumed coverage on Wintrust Financial Corp. in a research note on Wednesday, August 24th. They set a “market perform” rating and a $59.00 price target for the company. Nine analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $52.80.
In other news, insider Richard B. Murphy sold 1,293 shares of the firm’s stock in a transaction dated Thursday, July 21st. The stock was sold at an average price of $52.71, for a total transaction of $68,154.03. Following the completion of the transaction, the insider now owns 28,445 shares in the company, valued at $1,499,335.95. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.00% of the company’s stock.
About Wintrust Financial Corp.
Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company provides community-oriented, personal and commercial banking services to customers located in the Chicago metropolitan area and in southeastern Wisconsin through its banking subsidiaries (the banks).
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