Wintrust Financial Corp (WTFC) Holdings Boosted by ClariVest Asset Management LLC

ClariVest Asset Management LLC grew its position in Wintrust Financial Corp (NASDAQ:WTFC) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,004 shares of the bank’s stock after purchasing an additional 400 shares during the quarter. ClariVest Asset Management LLC’s holdings in Wintrust Financial were worth $3,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. OLD Second National Bank of Aurora lifted its holdings in shares of Wintrust Financial by 100.0% in the fourth quarter. OLD Second National Bank of Aurora now owns 400 shares of the bank’s stock worth $27,000 after buying an additional 200 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Wintrust Financial by 43,700.0% in the fourth quarter. Huntington National Bank now owns 438 shares of the bank’s stock worth $29,000 after buying an additional 437 shares in the last quarter. Quantamental Technologies LLC purchased a new position in shares of Wintrust Financial in the fourth quarter worth $33,000. Private Capital Group LLC lifted its holdings in shares of Wintrust Financial by 1,251.0% in the fourth quarter. Private Capital Group LLC now owns 689 shares of the bank’s stock worth $46,000 after buying an additional 638 shares in the last quarter. Finally, First Hawaiian Bank purchased a new position in shares of Wintrust Financial in the third quarter worth $101,000. 90.69% of the stock is currently owned by hedge funds and other institutional investors.

Wintrust Financial stock opened at $72.93 on Thursday. The firm has a market cap of $4.03 billion, a P/E ratio of 12.45, a price-to-earnings-growth ratio of 0.81 and a beta of 0.95. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.39. Wintrust Financial Corp has a 52-week low of $61.53 and a 52-week high of $99.96.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Tuesday, January 22nd. The bank reported $1.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.57 by ($0.22). The business had revenue of $329.40 million for the quarter, compared to analysts’ expectations of $344.46 million. Wintrust Financial had a net margin of 22.47% and a return on equity of 11.36%. During the same period in the previous year, the company earned $1.17 EPS. On average, equities research analysts predict that Wintrust Financial Corp will post 6.57 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 21st. Investors of record on Thursday, February 7th will be paid a dividend of $0.25 per share. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, February 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.37%. Wintrust Financial’s dividend payout ratio is presently 17.06%.

In related news, insider Timothy Crane sold 2,097 shares of the company’s stock in a transaction on Friday, January 25th. The shares were sold at an average price of $72.82, for a total transaction of $152,703.54. Following the sale, the insider now owns 18,433 shares of the company’s stock, valued at $1,342,291.06. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Thomas P. Zidar sold 3,482 shares of the company’s stock in a transaction on Friday, January 25th. The shares were sold at an average price of $72.62, for a total transaction of $252,862.84. Following the sale, the executive vice president now directly owns 31,016 shares in the company, valued at approximately $2,252,381.92. The disclosure for this sale can be found here. 1.57% of the stock is owned by corporate insiders.

Several research firms have recently commented on WTFC. Raymond James lowered their target price on shares of Wintrust Financial from $100.00 to $96.00 and set a “strong-buy” rating on the stock in a report on Friday, October 19th. Royal Bank of Canada boosted their target price on shares of Wintrust Financial to $92.00 and gave the stock an “outperform” rating in a report on Friday, October 19th. DA Davidson raised shares of Wintrust Financial from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $98.00 to $95.00 in a report on Friday, October 19th. They noted that the move was a valuation call. ValuEngine downgraded shares of Wintrust Financial from a “hold” rating to a “sell” rating in a report on Friday, October 19th. Finally, Zacks Investment Research downgraded shares of Wintrust Financial from a “buy” rating to a “hold” rating and set a $86.00 target price on the stock. in a report on Saturday, November 17th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $93.70.

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About Wintrust Financial

Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. 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), Internet banking, and other services.

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Institutional Ownership by Quarter for Wintrust Financial (NASDAQ:WTFC)

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