Public Employees Retirement System of Ohio reduced its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 7.9% during the first quarter, Holdings Channel reports. The fund owned 1,478 shares of the bank’s stock after selling 127 shares during the period. Public Employees Retirement System of Ohio’s holdings in Wintrust Financial Corporation were worth $102,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Miles Capital Inc. raised its position in shares of Wintrust Financial Corporation by 0.3% in the first quarter. Miles Capital Inc. now owns 3,595 shares of the bank’s stock worth $248,000 after buying an additional 10 shares during the period. United Capital Financial Advisers LLC raised its position in shares of Wintrust Financial Corporation by 0.3% in the first quarter. United Capital Financial Advisers LLC now owns 4,193 shares of the bank’s stock worth $290,000 after buying an additional 14 shares during the period. Municipal Employees Retirement System of Michigan raised its position in shares of Wintrust Financial Corporation by 0.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 11,800 shares of the bank’s stock worth $816,000 after buying an additional 70 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of Wintrust Financial Corporation by 3.4% in the first quarter. Oppenheimer & Co. Inc. now owns 2,956 shares of the bank’s stock worth $204,000 after buying an additional 96 shares during the period. Finally, Texas Permanent School Fund raised its position in shares of Wintrust Financial Corporation by 0.5% in the first quarter. Texas Permanent School Fund now owns 37,929 shares of the bank’s stock worth $2,622,000 after buying an additional 170 shares during the period. 90.66% of the stock is owned by institutional investors.

Wintrust Financial Corporation (NASDAQ:WTFC) traded up 0.035% during trading on Friday, reaching $70.945. The company’s stock had a trading volume of 76,476 shares. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 17.893 and a beta of 0.81. The stock’s 50 day moving average is $75.92 and its 200 day moving average is $72.80. 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 posted its earnings results on Tuesday, July 18th. The bank reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.12. The firm had revenue of $294.38 million for the quarter, compared to the consensus estimate of $279.69 million. Wintrust Financial Corporation had a return on equity of 9.15% and a net margin of 19.24%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.90 earnings per share. On average, equities analysts expect that Wintrust Financial Corporation will post $4.30 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $0.56 annualized dividend and a dividend yield of 0.79%. Wintrust Financial Corporation’s dividend payout ratio is currently 14.11%.

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WTFC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $74.00 target price on shares of Wintrust Financial Corporation in a research note on Thursday, April 20th. Zacks Investment Research upgraded Wintrust Financial Corporation from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a research note on Wednesday, June 7th. ValuEngine upgraded Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Stephens lowered Wintrust Financial Corporation from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 10th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $80.00 target price on shares of Wintrust Financial Corporation in a research note on Friday, July 14th. One 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. The company currently has a consensus rating of “Hold” and a consensus target price of $78.71.

In other Wintrust Financial Corporation news, EVP David A. Dykstra sold 26,861 shares of the stock in a transaction on Friday, July 21st. The stock was sold at an average price of $76.82, for a total transaction of $2,063,462.02. Following the sale, 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 at this hyperlink. Also, insider Edward J. Wehmer sold 29,779 shares of the stock in a transaction on Friday, July 21st. The stock was sold at an average price of $76.89, for a total value of $2,289,707.31. Following the sale, the insider now owns 137,352 shares in the company, valued at approximately $10,560,995.28. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

About Wintrust Financial Corporation

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

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