Public Employees Retirement System of Ohio Has $713,000 Holdings in Wintrust Financial Corporation (WTFC)
Public Employees Retirement System of Ohio raised its position in Wintrust Financial Corporation (NASDAQ:WTFC) by 531.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,334 shares of the bank’s stock after purchasing an additional 7,856 shares during the period. Public Employees Retirement System of Ohio’s holdings in Wintrust Financial Corporation were worth $713,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in WTFC. Advisors Asset Management Inc. bought a new position in Wintrust Financial Corporation in the 2nd quarter valued at $121,000. Exane Derivatives bought a new position in Wintrust Financial Corporation in the 2nd quarter valued at $128,000. Essex Investment Management Co. LLC bought a new position in Wintrust Financial Corporation in the 2nd quarter valued at $215,000. Wayne Hummer Investments L.L.C. bought a new position in Wintrust Financial Corporation in the 2nd quarter valued at $247,000. Finally, Riverpoint Wealth Management Holdings LLC bought a new stake in shares of Wintrust Financial Corporation during the 2nd quarter worth $249,000. 90.37% of the stock is owned by hedge funds and other institutional investors.
Wintrust Financial Corporation (NASDAQ:WTFC) opened at $77.02 on Friday. The company has a market cap of $4,307.19, a price-to-earnings ratio of 18.47, a P/E/G ratio of 1.30 and a beta of 0.83. Wintrust Financial Corporation has a 52-week low of $58.52 and a 52-week high of $82.16. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.01 and a quick ratio of 0.99.
Wintrust Financial Corporation (NASDAQ:WTFC) last issued its earnings results on Wednesday, October 18th. The bank reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.04. The company had revenue of $295.70 million for the quarter, compared to analysts’ expectations of $298.96 million. Wintrust Financial Corporation had a net margin of 19.74% and a return on equity of 9.32%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.92 EPS. analysts forecast that Wintrust Financial Corporation will post 4.38 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Thursday, November 9th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Wednesday, November 8th. Wintrust Financial Corporation’s payout ratio is presently 13.43%.
A number of research firms have recently issued reports on WTFC. Jefferies Group LLC reaffirmed a “hold” rating and set a $80.00 price objective on shares of Wintrust Financial Corporation in a report on Friday, August 11th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $84.00 price objective on shares of Wintrust Financial Corporation in a report on Friday, October 20th. Zacks Investment Research downgraded shares of Wintrust Financial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $74.00 price objective on shares of Wintrust Financial Corporation in a report on Friday, September 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $82.00 price objective on shares of Wintrust Financial Corporation in a report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. Wintrust Financial Corporation presently has a consensus rating of “Hold” and a consensus price target of $81.38.
In other Wintrust Financial Corporation news, insider Leona A. Gleason sold 8,441 shares of the business’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $80.78, for a total value of $681,863.98. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP David A. Dykstra sold 22,476 shares of the business’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $79.86, for a total transaction of $1,794,933.36. Following the completion of the transaction, the executive vice president now owns 188,604 shares in the company, valued at approximately $15,061,915.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,500 shares of company stock worth $3,563,512. 2.00% of the stock is owned by corporate insiders.
Wintrust Financial Corporation 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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