Jackson Creek Investment Advisors LLC Buys Shares of 3,961 Wintrust Financial Co. (NASDAQ:WTFC)

Jackson Creek Investment Advisors LLC bought a new stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) in the fourth quarter, Holdings Channel.com reports. The fund bought 3,961 shares of the bank’s stock, valued at approximately $367,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its position in Wintrust Financial by 2,131.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 73,913 shares of the bank’s stock valued at $6,855,000 after purchasing an additional 70,601 shares during the period. UBS Group AG increased its position in Wintrust Financial by 61.3% during the 3rd quarter. UBS Group AG now owns 32,210 shares of the bank’s stock valued at $2,432,000 after purchasing an additional 12,243 shares during the period. abrdn plc boosted its holdings in shares of Wintrust Financial by 24.6% during the 3rd quarter. abrdn plc now owns 344,631 shares of the bank’s stock worth $26,020,000 after buying an additional 68,042 shares in the last quarter. Boston Partners boosted its holdings in shares of Wintrust Financial by 13.4% during the 3rd quarter. Boston Partners now owns 644,050 shares of the bank’s stock worth $48,549,000 after buying an additional 75,994 shares in the last quarter. Finally, Oliver Luxxe Assets LLC bought a new position in shares of Wintrust Financial during the 3rd quarter worth approximately $476,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

Insider Buying and Selling at Wintrust Financial

In other news, insider Edward J. Wehmer sold 9,500 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $99.36, for a total transaction of $943,920.00. Following the completion of the sale, the insider now directly owns 177,124 shares of the company’s stock, valued at approximately $17,599,040.64. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.47% of the company’s stock.

Wall Street Analyst Weigh In

WTFC has been the topic of a number of research analyst reports. UBS Group increased their price target on Wintrust Financial from $105.00 to $113.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Wedbush restated an “outperform” rating and set a $116.00 price target on shares of Wintrust Financial in a report on Thursday, April 18th. Keefe, Bruyette & Woods increased their price target on Wintrust Financial from $103.00 to $106.00 and gave the stock an “outperform” rating in a report on Friday, January 19th. Stephens restated an “overweight” rating and set a $110.00 price target on shares of Wintrust Financial in a report on Tuesday, April 16th. Finally, Truist Financial cut their target price on Wintrust Financial from $117.00 to $112.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Wintrust Financial currently has an average rating of “Buy” and an average price target of $112.33.

Wintrust Financial Price Performance

Shares of NASDAQ:WTFC opened at $96.64 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.78. The stock’s fifty day simple moving average is $98.59 and its two-hundred day simple moving average is $92.01. Wintrust Financial Co. has a 1-year low of $58.12 and a 1-year high of $105.29. The stock has a market cap of $5.97 billion, a PE ratio of 9.99 and a beta of 1.21.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Thursday, April 18th. The bank reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.47. Wintrust Financial had a return on equity of 13.09% and a net margin of 17.86%. The business had revenue of $604.77 million for the quarter, compared to analysts’ expectations of $577.80 million. During the same period last year, the business earned $2.80 EPS. The business’s revenue was up 6.9% on a year-over-year basis. As a group, analysts forecast that Wintrust Financial Co. will post 10.17 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.86%. The ex-dividend date is Wednesday, May 8th. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.61%.

About Wintrust Financial

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.