Hennessy Advisors Inc. Has $1.67 Million Stake in Wintrust Financial Co. (NASDAQ:WTFC)

Hennessy Advisors Inc. trimmed its stake in Wintrust Financial Co. (NASDAQ:WTFC) by 40.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,000 shares of the bank’s stock after selling 11,000 shares during the period. Hennessy Advisors Inc.’s holdings in Wintrust Financial were worth $1,670,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of WTFC. UBS Group AG raised its position in shares of Wintrust Financial by 61.3% during the third quarter. UBS Group AG now owns 32,210 shares of the bank’s stock valued at $2,432,000 after buying an additional 12,243 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Wintrust Financial during the third quarter valued at approximately $285,000. Envestnet Asset Management Inc. lifted its position in Wintrust Financial by 37.3% in the third quarter. Envestnet Asset Management Inc. now owns 119,038 shares of the bank’s stock worth $8,987,000 after purchasing an additional 32,368 shares during the period. Dark Forest Capital Management LP acquired a new stake in Wintrust Financial during the third quarter worth $315,000. Finally, Natixis Advisors L.P. lifted its holdings in shares of Wintrust Financial by 10.9% during the 3rd quarter. Natixis Advisors L.P. now owns 30,696 shares of the bank’s stock worth $2,318,000 after acquiring an additional 3,006 shares during the period. 93.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on WTFC shares. Citigroup decreased their target price on Wintrust Financial from $115.00 to $113.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Truist Financial reduced their price objective on Wintrust Financial from $117.00 to $112.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. StockNews.com raised Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th. Stephens reissued an “overweight” rating and set a $110.00 price objective on shares of Wintrust Financial in a report on Tuesday, April 16th. Finally, Barclays cut their price target on Wintrust Financial from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wintrust Financial has an average rating of “Moderate Buy” and a consensus price target of $111.38.

Wintrust Financial Stock Up 2.2 %

NASDAQ:WTFC traded up $2.11 during trading hours on Friday, reaching $97.81. The company had a trading volume of 192,838 shares, compared to its average volume of 361,228. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.78. The business’s 50-day simple moving average is $97.63 and its two-hundred day simple moving average is $96.78. The firm has a market cap of $6.04 billion, a price-to-earnings ratio of 9.90 and a beta of 1.19. Wintrust Financial Co. has a twelve month low of $70.25 and a twelve month high of $105.29.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Thursday, April 18th. The bank reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.47. The firm had revenue of $604.77 million for the quarter, compared to analysts’ expectations of $577.80 million. Wintrust Financial had a net margin of 17.86% and a return on equity of 13.09%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.80 earnings per share. On average, equities analysts expect that Wintrust Financial Co. will post 10.13 earnings per share for the current year.

Wintrust Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 9th were paid a $0.45 dividend. The ex-dividend date was Wednesday, May 8th. This represents a $1.80 dividend on an annualized basis and a yield of 1.84%. Wintrust Financial’s dividend payout ratio is 18.61%.

Wintrust Financial 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.