New York State Teachers Retirement System Purchases 6,545 Shares of Wintrust Financial Corporation $WTFC

New York State Teachers Retirement System grew its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 7.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 96,913 shares of the bank’s stock after purchasing an additional 6,545 shares during the quarter. New York State Teachers Retirement System’s holdings in Wintrust Financial were worth $12,835,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in WTFC. Oliver Luxxe Assets LLC raised its holdings in Wintrust Financial by 1.6% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 21,439 shares of the bank’s stock worth $2,839,000 after purchasing an additional 332 shares during the period. Forum Financial Management LP increased its position in Wintrust Financial by 2.2% in the third quarter. Forum Financial Management LP now owns 6,515 shares of the bank’s stock worth $863,000 after buying an additional 141 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Wintrust Financial by 1,400.4% in the third quarter. SG Americas Securities LLC now owns 22,251 shares of the bank’s stock worth $2,947,000 after buying an additional 20,768 shares during the period. Park Avenue Securities LLC lifted its position in shares of Wintrust Financial by 5.3% during the 3rd quarter. Park Avenue Securities LLC now owns 17,988 shares of the bank’s stock valued at $2,382,000 after buying an additional 909 shares in the last quarter. Finally, KLP Kapitalforvaltning AS lifted its position in shares of Wintrust Financial by 2.9% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 14,000 shares of the bank’s stock valued at $1,854,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wintrust Financial Trading Up 0.8%

Shares of WTFC stock opened at $144.32 on Thursday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $9.67 billion, a price-to-earnings ratio of 13.26 and a beta of 0.88. Wintrust Financial Corporation has a 12-month low of $89.10 and a 12-month high of $149.79. The stock’s 50-day moving average price is $137.80 and its 200-day moving average price is $133.43.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Thursday, November 6th. The bank reported $3.06 earnings per share for the quarter. Wintrust Financial had a return on equity of 12.82% and a net margin of 18.85%.The business had revenue of $1.26 billion during the quarter. Equities research analysts predict that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 6th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, November 6th. This represents a $2.00 dividend on an annualized basis and a yield of 1.4%. Wintrust Financial’s dividend payout ratio is presently 18.38%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on WTFC shares. Weiss Ratings restated a “buy (b-)” rating on shares of Wintrust Financial in a research note on Wednesday, October 8th. TD Cowen raised their price objective on shares of Wintrust Financial from $168.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. Piper Sandler reaffirmed an “overweight” rating and issued a $161.00 target price (up previously from $160.00) on shares of Wintrust Financial in a report on Wednesday, October 22nd. Citigroup raised their price target on Wintrust Financial from $159.00 to $167.00 and gave the company a “buy” rating in a report on Tuesday, December 30th. Finally, DA Davidson restated a “buy” rating and issued a $158.00 price objective on shares of Wintrust Financial in a research report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $154.50.

Wintrust Financial Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.