iSAM Funds UK Ltd Takes $1.38 Million Position in Wintrust Financial Corporation $WTFC

iSAM Funds UK Ltd acquired a new stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) during the third quarter, HoldingsChannel reports. The fund acquired 10,434 shares of the bank’s stock, valued at approximately $1,382,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wellington Management Group LLP purchased a new stake in Wintrust Financial in the third quarter worth approximately $90,187,000. Prudential PLC purchased a new stake in Wintrust Financial during the 3rd quarter valued at $294,000. Comerica Bank lifted its holdings in shares of Wintrust Financial by 3.3% during the 3rd quarter. Comerica Bank now owns 62,907 shares of the bank’s stock valued at $8,331,000 after buying an additional 2,004 shares during the period. Elizabeth Park Capital Advisors Ltd. lifted its holdings in shares of Wintrust Financial by 8.9% during the 3rd quarter. Elizabeth Park Capital Advisors Ltd. now owns 24,392 shares of the bank’s stock valued at $3,230,000 after buying an additional 2,000 shares during the period. Finally, Rehmann Capital Advisory Group boosted its stake in shares of Wintrust Financial by 19.1% in the 3rd quarter. Rehmann Capital Advisory Group now owns 2,043 shares of the bank’s stock worth $271,000 after buying an additional 328 shares during the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wintrust Financial Stock Performance

Shares of NASDAQ WTFC opened at $130.21 on Friday. The stock has a market cap of $8.76 billion, a PE ratio of 11.42 and a beta of 0.85. Wintrust Financial Corporation has a 1 year low of $89.10 and a 1 year high of $162.96. The firm has a fifty day moving average price of $147.82 and a 200-day moving average price of $138.83. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.99.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Tuesday, January 20th. The bank reported $3.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. The company had revenue of $714.26 million for the quarter, compared to analysts’ expectations of $700.85 million. Wintrust Financial had a net margin of 19.48% and a return on equity of 12.95%. During the same quarter in the previous year, the company earned $2.63 EPS. Equities analysts anticipate that Wintrust Financial Corporation will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th were issued a dividend of $0.55 per share. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.50. This represents a $2.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, February 5th. Wintrust Financial’s payout ratio is 19.30%.

Insiders Place Their Bets

In other news, insider David Eric Lee sold 558 shares of the company’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $147.42, for a total value of $82,260.36. Following the completion of the transaction, the insider owned 16,085 shares of the company’s stock, valued at $2,371,250.70. This represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO David L. Stoehr sold 2,499 shares of the stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $146.16, for a total value of $365,253.84. Following the sale, the chief financial officer owned 18,638 shares of the company’s stock, valued at $2,724,130.08. This represents a 11.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 11,662 shares of company stock valued at $1,705,730. Insiders own 1.01% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Royal Bank Of Canada lifted their price objective on Wintrust Financial from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. UBS Group reissued a “buy” rating and issued a $176.00 target price on shares of Wintrust Financial in a research report on Wednesday, February 4th. DA Davidson boosted their price target on Wintrust Financial from $165.00 to $172.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Piper Sandler upped their price target on shares of Wintrust Financial from $161.00 to $184.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. Finally, TD Cowen increased their price objective on shares of Wintrust Financial from $170.00 to $177.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $165.31.

Wintrust Financial Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.