Emerald Investment Advisers LLC Invests $13.17 Million in Wintrust Financial Corporation $WTFC

Emerald Investment Advisers LLC acquired a new position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 81,946 shares of the bank’s stock, valued at approximately $13,170,000. Wintrust Financial accounts for about 0.9% of Emerald Investment Advisers LLC’s holdings, making the stock its 18th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of WTFC. Advisors Asset Management Inc. bought a new stake in Wintrust Financial during the first quarter valued at about $27,000. Jones Financial Companies Lllp increased its stake in shares of Wintrust Financial by 49.0% in the first quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank’s stock worth $115,000 after purchasing an additional 335 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Wintrust Financial by 7.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 179,430 shares of the bank’s stock worth $20,179,000 after purchasing an additional 12,103 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Wintrust Financial by 400.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 400 shares of the bank’s stock worth $50,000 after purchasing an additional 320 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in Wintrust Financial by 1.6% during the 2nd quarter. Cerity Partners LLC now owns 23,120 shares of the bank’s stock valued at $2,866,000 after purchasing an additional 355 shares during the period. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Price Performance

Shares of WTFC stock opened at $152.67 on Friday. The stock has a 50 day moving average of $159.79 and a two-hundred day moving average of $151.32. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.62. Wintrust Financial Corporation has a 12 month low of $119.61 and a 12 month high of $167.21. The company has a market capitalization of $10.30 billion, a P/E ratio of 12.26 and a beta of 0.85.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, July 20th. The bank reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.15. The company had revenue of $738.63 million for the quarter, compared to analyst estimates of $735.36 million. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.Wintrust Financial’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.78 EPS. As a group, equities analysts expect that Wintrust Financial Corporation will post 13.04 EPS for the current year.

Wintrust Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were paid a dividend of $0.55 per share. The ex-dividend date was Thursday, August 6th. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. Wintrust Financial’s payout ratio is currently 17.67%.

Insiders Place Their Bets

In other Wintrust Financial news, COO David A. Dykstra sold 13,515 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $162.77, for a total value of $2,199,836.55. Following the sale, the chief operating officer owned 166,449 shares of the company’s stock, valued at $27,092,903.73. The trade was a 7.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.24% of the stock is owned by corporate insiders.

Analyst Ratings Changes

WTFC has been the topic of a number of research analyst reports. Citigroup lowered Wintrust Financial from a “buy” rating to a “hold” rating in a report on Tuesday, July 21st. Barclays increased their price objective on Wintrust Financial from $190.00 to $192.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Weiss Ratings restated a “buy (b)” rating on shares of Wintrust Financial in a research note on Monday, June 29th. Truist Financial boosted their target price on shares of Wintrust Financial from $170.00 to $183.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Finally, DA Davidson upped their target price on shares of Wintrust Financial from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Wintrust Financial has a consensus rating of “Moderate Buy” and a consensus target price of $177.77.

About Wintrust Financial

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.