Hunter Perkins Capital Management LLC Purchases 1,205 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Hunter Perkins Capital Management LLC increased its holdings in Wintrust Financial Co. (NASDAQ:WTFC) by 14.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 9,560 shares of the bank’s stock after buying an additional 1,205 shares during the period. Hunter Perkins Capital Management LLC’s holdings in Wintrust Financial were worth $1,038,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WTFC. Concord Wealth Partners bought a new position in shares of Wintrust Financial during the 1st quarter valued at about $26,000. Opal Wealth Advisors LLC purchased a new position in shares of Wintrust Financial in the first quarter worth $27,000. Versant Capital Management Inc boosted its position in Wintrust Financial by 825.0% in the second quarter. Versant Capital Management Inc now owns 296 shares of the bank’s stock worth $29,000 after purchasing an additional 264 shares during the last quarter. DHJJ Financial Advisors Ltd. grew its stake in shares of Wintrust Financial by 70.0% during the 1st quarter. DHJJ Financial Advisors Ltd. now owns 488 shares of the bank’s stock valued at $51,000 after acquiring an additional 201 shares during the period. Finally, UMB Bank n.a. raised its position in shares of Wintrust Financial by 62.0% during the 3rd quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock valued at $56,000 after purchasing an additional 196 shares during the period. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wintrust Financial Trading Up 1.8 %

WTFC stock traded up $2.06 during midday trading on Wednesday, reaching $114.76. The stock had a trading volume of 81,384 shares, compared to its average volume of 379,349. Wintrust Financial Co. has a twelve month low of $71.86 and a twelve month high of $116.42. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.85. The firm has a market cap of $7.63 billion, a price-to-earnings ratio of 11.73 and a beta of 1.16. The business has a fifty day simple moving average of $105.12 and a two-hundred day simple moving average of $101.58.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Wednesday, July 17th. The bank reported $2.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.42 by ($0.10). Wintrust Financial had a net margin of 17.02% and a return on equity of 12.71%. The business had revenue of $591.76 million for the quarter, compared to analyst estimates of $587.33 million. During the same period in the prior year, the business earned $2.38 EPS. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, research analysts expect that Wintrust Financial Co. will post 10.11 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $1.80 dividend on an annualized basis and a yield of 1.57%. Wintrust Financial’s payout ratio is 18.73%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on WTFC shares. Royal Bank of Canada lifted their price objective on shares of Wintrust Financial from $116.00 to $117.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 9th. Hovde Group reissued a “market perform” rating and set a $100.00 price target on shares of Wintrust Financial in a research report on Friday, June 21st. Stephens reissued an “overweight” rating and set a $115.00 price target on shares of Wintrust Financial in a research report on Thursday, July 18th. Piper Sandler increased their target price on Wintrust Financial from $113.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Finally, Jefferies Financial Group lowered their target price on Wintrust Financial from $118.00 to $116.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Wintrust Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.23.

Wintrust Financial Company Profile

Wintrust Financial Corporation operates as a financial holding company. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), online and mobile banking, and other services.