Vise Technologies Inc. Buys Shares of 4,601 Wintrust Financial Corporation $WTFC

Vise Technologies Inc. bought a new position in Wintrust Financial Corporation (NASDAQ:WTFC) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 4,601 shares of the bank’s stock, valued at approximately $739,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Wintrust Financial during the second quarter valued at $27,000. Elyxium Wealth LLC bought a new stake in shares of Wintrust Financial in the fourth quarter valued at about $31,000. Creative Financial Designs Inc. ADV lifted its stake in Wintrust Financial by 231.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock worth $32,000 after acquiring an additional 160 shares during the period. Advisors Asset Management Inc. purchased a new stake in Wintrust Financial in the first quarter worth about $27,000. Finally, Harbour Investments Inc. grew its holdings in Wintrust Financial by 72.7% during the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock worth $34,000 after acquiring an additional 101 shares in the last quarter. Institutional investors own 93.48% of the company’s stock.

Insider Activity at Wintrust Financial

In other news, COO David A. Dykstra sold 13,515 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $162.77, for a total transaction of $2,199,836.55. Following the sale, the chief operating officer directly owned 166,449 shares of the company’s stock, valued at $27,092,903.73. The trade was a 7.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.24% of the company’s stock.

Wintrust Financial Stock Performance

WTFC opened at $152.67 on Monday. The company has a market cap of $10.30 billion, a P/E ratio of 12.26 and a beta of 0.85. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62. The firm’s 50-day moving average price is $159.79 and its 200-day moving average price is $151.33. Wintrust Financial Corporation has a 52-week low of $119.61 and a 52-week high of $167.21.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, July 20th. The bank reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.15. The company had revenue of $738.63 million during the quarter, compared to analysts’ expectations of $735.36 million. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. Wintrust Financial’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period last year, the business earned $2.78 EPS. As a group, equities 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 was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Thursday, August 6th. Wintrust Financial’s payout ratio is presently 17.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Wintrust Financial in a report on Monday, June 29th. UBS Group reiterated a “neutral” rating and set a $170.00 price objective on shares of Wintrust Financial in a research note on Tuesday, July 7th. Piper Sandler set a $186.00 price objective on shares of Wintrust Financial in a report on Wednesday, July 22nd. Citigroup downgraded shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Finally, Barclays upped their target price on Wintrust Financial from $190.00 to $192.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $177.77.

Wintrust Financial Company 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.