GAMMA Investing LLC Acquires Shares of 422 Wintrust Financial Co. (NASDAQ:WTFC)

GAMMA Investing LLC acquired a new stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 422 shares of the bank’s stock, valued at approximately $41,000.

A number of other large investors have also recently added to or reduced their stakes in WTFC. Reinhart Partners LLC. boosted its stake in Wintrust Financial by 4.9% during the 3rd quarter. Reinhart Partners LLC. now owns 652,206 shares of the bank’s stock valued at $49,242,000 after acquiring an additional 30,279 shares during the last quarter. Telemus Capital LLC boosted its stake in Wintrust Financial by 8.0% during the 3rd quarter. Telemus Capital LLC now owns 5,475 shares of the bank’s stock valued at $413,000 after acquiring an additional 405 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Wintrust Financial by 18.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,725 shares of the bank’s stock valued at $961,000 after acquiring an additional 2,026 shares during the last quarter. Park Avenue Securities LLC bought a new position in Wintrust Financial during the 3rd quarter valued at $409,000. Finally, Teacher Retirement System of Texas raised its holdings in shares of Wintrust Financial by 62.7% during the third quarter. Teacher Retirement System of Texas now owns 28,188 shares of the bank’s stock worth $2,128,000 after purchasing an additional 10,863 shares during the period. 93.48% of the stock is currently owned by institutional investors.

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $100.73 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.98 and a quick ratio of 0.97. Wintrust Financial Co. has a fifty-two week low of $58.12 and a fifty-two week high of $105.29. The stock’s 50-day moving average is $98.70 and its two-hundred day moving average is $92.27. The firm has a market cap of $6.22 billion, a P/E ratio of 10.42 and a beta of 1.21.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Thursday, April 18th. The bank reported $2.89 earnings per share for the quarter, topping 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 company had revenue of $604.77 million for the quarter, compared to analyst estimates of $577.80 million. During the same period in the prior year, the firm posted $2.80 EPS. The business’s revenue was up 6.9% compared to the same quarter last year. Analysts predict that Wintrust Financial Co. will post 10.17 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Wednesday, May 8th. Wintrust Financial’s payout ratio is currently 18.61%.

Insiders Place Their Bets

In other news, insider Edward J. Wehmer sold 9,500 shares of the company’s stock in a transaction dated 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 owns 177,124 shares in the company, valued at approximately $17,599,040.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.47% of the company’s stock.

Analysts Set New Price Targets

WTFC has been the topic of a number of research reports. Raymond James increased their target price on shares of Wintrust Financial from $95.00 to $115.00 and gave the stock a “strong-buy” rating in a report on Friday, January 19th. Barclays lowered their target price on shares of Wintrust Financial from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Royal Bank of Canada raised their target price on shares of Wintrust Financial from $109.00 to $116.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. UBS Group raised their target price on shares of Wintrust Financial from $105.00 to $113.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Finally, Truist Financial decreased their price target on Wintrust Financial from $117.00 to $112.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $112.33.

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.