MeadowBrook Investment Advisors LLC Takes $289,000 Position in Wintrust Financial Co. (NASDAQ:WTFC)

MeadowBrook Investment Advisors LLC acquired a new stake in Wintrust Financial Co. (NASDAQ:WTFC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,120 shares of the bank’s stock, valued at approximately $289,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of WTFC. M&T Bank Corp boosted its position in shares of Wintrust Financial by 10.8% in the 4th quarter. M&T Bank Corp now owns 7,399 shares of the bank’s stock worth $686,000 after purchasing an additional 720 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of Wintrust Financial by 10.8% during the fourth quarter. Amalgamated Bank now owns 43,063 shares of the bank’s stock worth $3,994,000 after purchasing an additional 4,192 shares during the period. Natixis Advisors L.P. increased its holdings in Wintrust Financial by 1.8% in the 4th quarter. Natixis Advisors L.P. now owns 31,254 shares of the bank’s stock worth $2,898,000 after buying an additional 558 shares during the period. Victory Capital Management Inc. lifted its stake in Wintrust Financial by 4.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,843,679 shares of the bank’s stock valued at $171,001,000 after acquiring an additional 79,672 shares during the period. Finally, Mach 1 Financial Group LLC acquired a new stake in Wintrust Financial during the 4th quarter worth about $471,000. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wall Street Analyst Weigh In

WTFC has been the topic of several analyst reports. Raymond James lifted their price target on shares of Wintrust Financial from $95.00 to $115.00 and gave the company a “strong-buy” rating in a research report on Friday, January 19th. Wedbush reissued an “outperform” rating and set a $116.00 price target on shares of Wintrust Financial in a research report on Thursday, April 18th. Barclays reduced their target price on shares of Wintrust Financial from $135.00 to $130.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. UBS Group lifted their price target on shares of Wintrust Financial from $105.00 to $113.00 and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Finally, 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 research note on Monday, April 22nd. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $112.33.

Wintrust Financial Price Performance

WTFC stock traded up $0.48 during trading on Tuesday, hitting $101.50. The company had a trading volume of 106,272 shares, compared to its average volume of 398,139. The company has a fifty day moving average price of $98.86 and a two-hundred day moving average price of $92.84. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.78. Wintrust Financial Co. has a fifty-two week low of $59.85 and a fifty-two week high of $105.29. The company has a market cap of $6.27 billion, a P/E ratio of 10.45 and a beta of 1.21.

Wintrust Financial (NASDAQ:WTFC) last posted 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. The firm had revenue of $604.77 million during 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% compared to the same quarter last year. During the same quarter last year, the company posted $2.80 EPS. Equities research analysts expect that Wintrust Financial Co. will post 10.17 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $1.80 annualized dividend and a yield of 1.77%. Wintrust Financial’s payout ratio is presently 18.61%.

Insiders Place Their Bets

In other Wintrust Financial news, insider Edward J. Wehmer sold 9,500 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total value of $943,920.00. Following the completion of the sale, the insider now owns 177,124 shares of the company’s stock, valued at approximately $17,599,040.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.47% of the company’s stock.

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.