Public Employees Retirement System of Ohio Has $8.13 Million Position in Wintrust Financial Corporation $WTFC

Public Employees Retirement System of Ohio lessened its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 8.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 58,499 shares of the bank’s stock after selling 5,189 shares during the period. Public Employees Retirement System of Ohio’s holdings in Wintrust Financial were worth $8,128,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP grew its position in Wintrust Financial by 26.6% in the first quarter. First Trust Advisors LP now owns 1,830,268 shares of the bank’s stock worth $254,297,000 after acquiring an additional 385,069 shares in the last quarter. Geode Capital Management LLC increased its position in Wintrust Financial by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,273,042 shares of the bank’s stock worth $178,038,000 after buying an additional 16,997 shares during the last quarter. Bank of America Corp DE increased its position in Wintrust Financial by 1.4% during the third quarter. Bank of America Corp DE now owns 1,071,763 shares of the bank’s stock worth $141,944,000 after buying an additional 15,044 shares during the last quarter. Wellington Management Group LLP raised its holdings in Wintrust Financial by 22.2% during the fourth quarter. Wellington Management Group LLP now owns 832,352 shares of the bank’s stock valued at $116,379,000 after buying an additional 151,385 shares in the last quarter. Finally, Norges Bank bought a new position in Wintrust Financial during the fourth quarter valued at about $111,924,000. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Stock Performance

NASDAQ WTFC opened at $158.88 on Tuesday. The company’s fifty day moving average is $156.68 and its two-hundred day moving average is $149.61. Wintrust Financial Corporation has a 52-week low of $119.61 and a 52-week high of $167.21. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97. The firm has a market capitalization of $10.72 billion, a price-to-earnings ratio of 12.76 and a beta of 0.84.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, July 20th. The bank reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.15. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. The business had revenue of $738.63 million during the quarter, compared to analysts’ expectations of $735.36 million. During the same quarter last year, the company earned $2.78 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. Equities research analysts forecast that Wintrust Financial Corporation will post 13.04 EPS for the current year.

Wintrust Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be given a $0.55 dividend. The ex-dividend date is Thursday, August 6th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.4%. Wintrust Financial’s dividend payout ratio (DPR) is currently 17.67%.

Insider Activity at Wintrust Financial

In other news, Director Suzet M. Mckinney sold 500 shares of Wintrust Financial stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $148.96, for a total transaction of $74,480.00. Following the sale, the director owned 3,303 shares of the company’s stock, valued at approximately $492,014.88. This trade represents a 13.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.24% of the company’s stock.

Analysts Set New Price Targets

WTFC has been the subject of several recent analyst reports. UBS Group reiterated a “neutral” rating and set a $170.00 price target on shares of Wintrust Financial in a research note on Tuesday, July 7th. Raymond James Financial initiated coverage on Wintrust Financial in a research note on Tuesday, July 7th. They issued an “outperform” rating and a $180.00 price objective on the stock. Citigroup lowered Wintrust Financial from a “buy” rating to a “hold” rating in a report on Tuesday, July 21st. Piper Sandler set a $186.00 target price on Wintrust Financial in a research report on Wednesday, July 22nd. Finally, Brean Capital lowered shares of Wintrust Financial from a “buy” rating to a “neutral” rating and set a $170.00 price target on the stock. in a research report on Tuesday, July 21st. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.77.

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.