Quantinno Capital Management LP Grows Stock Position in Wintrust Financial Corporation $WTFC

Quantinno Capital Management LP grew its stake in Wintrust Financial Corporation (NASDAQ:WTFC) by 68.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 282,378 shares of the bank’s stock after buying an additional 115,097 shares during the quarter. Quantinno Capital Management LP’s holdings in Wintrust Financial were worth $39,234,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Advisors Asset Management Inc. acquired a new position in Wintrust Financial in the first quarter valued at approximately $27,000. Elyxium Wealth LLC acquired a new stake in shares of Wintrust Financial during the 4th quarter worth approximately $31,000. Creative Financial Designs Inc. ADV grew its stake in shares of Wintrust Financial by 231.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock worth $32,000 after purchasing an additional 160 shares during the period. Harbour Investments Inc. increased its holdings in shares of Wintrust Financial by 72.7% during the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock valued at $34,000 after purchasing an additional 101 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Wintrust Financial during the 1st quarter valued at approximately $35,000. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Analyst Upgrades and Downgrades

WTFC has been the subject of several analyst reports. Capital One Financial set a $170.00 target price on shares of Wintrust Financial in a research note on Tuesday, July 21st. Piper Sandler set a $186.00 price target on shares of Wintrust Financial in a research report on Wednesday, July 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wintrust Financial in a report on Monday, June 29th. TD Cowen decreased their price objective on shares of Wintrust Financial from $184.00 to $183.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Finally, Truist Financial increased their target price on shares of Wintrust Financial from $170.00 to $183.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $177.77.

Wintrust Financial Stock Up 0.3%

Wintrust Financial stock opened at $159.65 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97. The stock has a market capitalization of $10.77 billion, a PE ratio of 12.82 and a beta of 0.84. The business has a 50 day simple moving average of $157.37 and a 200-day simple moving average of $149.89. Wintrust Financial Corporation has a 12 month low of $119.61 and a 12 month high of $167.21.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Monday, July 20th. The bank reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.15. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The firm had revenue of $738.63 million for the quarter, compared to analyst estimates of $735.36 million. During the same quarter last year, the firm posted $2.78 EPS. The business’s revenue was up 10.1% on a year-over-year basis. On average, analysts anticipate that Wintrust Financial Corporation will post 13.04 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be given a dividend of $0.55 per share. The ex-dividend date is Thursday, August 6th. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. Wintrust Financial’s dividend payout ratio is currently 17.67%.

Insiders Place Their Bets

In other Wintrust Financial news, Director Suzet M. Mckinney sold 500 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $148.96, for a total transaction of $74,480.00. Following the transaction, the director directly owned 3,303 shares of the company’s stock, valued at $492,014.88. This trade represents a 13.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.24% of the company’s stock.

About Wintrust Financial

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.