Shell Asset Management Co. Continues to Hold Position in Wintrust Financial Corporation (NASDAQ:WTFC)
Shell Asset Management Co. maintained its stake in Wintrust Financial Corporation (NASDAQ:WTFC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,731 shares of the bank’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Wintrust Financial Corporation were worth $897,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its stake in Wintrust Financial Corporation by 1.7% in the first quarter. Russell Investments Group Ltd. now owns 123,403 shares of the bank’s stock worth $8,529,000 after buying an additional 2,006 shares during the period. Granite Investment Partners LLC raised its stake in Wintrust Financial Corporation by 1.4% in the first quarter. Granite Investment Partners LLC now owns 16,933 shares of the bank’s stock worth $1,170,000 after buying an additional 242 shares during the period. First Mercantile Trust Co. raised its stake in Wintrust Financial Corporation by 6.4% in the first quarter. First Mercantile Trust Co. now owns 4,500 shares of the bank’s stock worth $311,000 after buying an additional 270 shares during the period. Sit Investment Associates Inc. raised its stake in Wintrust Financial Corporation by 603.1% in the first quarter. Sit Investment Associates Inc. now owns 11,250 shares of the bank’s stock worth $778,000 after buying an additional 9,650 shares during the period. Finally, Nationwide Fund Advisors raised its stake in Wintrust Financial Corporation by 51.8% in the first quarter. Nationwide Fund Advisors now owns 121,481 shares of the bank’s stock worth $8,397,000 after buying an additional 41,452 shares during the period. Institutional investors and hedge funds own 89.70% of the company’s stock.
Wintrust Financial Corporation (WTFC) opened at 74.53 on Thursday. The firm’s 50-day moving average price is $76.14 and its 200 day moving average price is $72.74. The firm has a market cap of $4.15 billion, a P/E ratio of 18.80 and a beta of 0.81. Wintrust Financial Corporation has a 12-month low of $51.66 and a 12-month high of $80.52.
Wintrust Financial Corporation (NASDAQ:WTFC) last issued its quarterly earnings data on Tuesday, July 18th. The bank reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.12. Wintrust Financial Corporation had a net margin of 19.24% and a return on equity of 9.15%. The company had revenue of $294.38 million for the quarter, compared to analysts’ expectations of $279.69 million. During the same quarter in the previous year, the firm posted $0.90 earnings per share. Wintrust Financial Corporation’s revenue for the quarter was up 13.2% on a year-over-year basis. Analysts forecast that Wintrust Financial Corporation will post $4.28 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 10th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $0.56 annualized dividend and a dividend yield of 0.75%. Wintrust Financial Corporation’s dividend payout ratio is 14.11%.
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A number of equities research analysts recently commented on the company. Stephens lowered Wintrust Financial Corporation from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 10th. Piper Jaffray Companies set a $72.00 price objective on Wintrust Financial Corporation and gave the stock a “hold” rating in a report on Tuesday, July 18th. BidaskClub downgraded Wintrust Financial Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Jefferies Group LLC reaffirmed a “hold” rating and set a $80.00 price objective on shares of Wintrust Financial Corporation in a report on Sunday, June 11th. Finally, Zacks Investment Research downgraded Wintrust Financial Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. Wintrust Financial Corporation presently has an average rating of “Hold” and an average price target of $78.71.
In related news, EVP David A. Dykstra sold 26,861 shares of the business’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $76.82, for a total value of $2,063,462.02. Following the transaction, the executive vice president now owns 185,651 shares in the company, valued at $14,261,709.82. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Gary D. Sweeney bought 485 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The stock was purchased at an average price of $77.12 per share, for a total transaction of $37,403.20. Following the acquisition, the director now owns 2,186 shares of the company’s stock, valued at $168,584.32. The disclosure for this purchase can be found here. Insiders own 1.97% of the company’s stock.
Wintrust Financial Corporation Company Profile
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 offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.
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