Amalgamated Bank Has $3.99 Million Stake in Wintrust Financial Co. (NASDAQ:WTFC)

Amalgamated Bank increased its position in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 10.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 43,063 shares of the bank’s stock after purchasing an additional 4,192 shares during the quarter. Amalgamated Bank’s holdings in Wintrust Financial were worth $3,994,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Quent Capital LLC increased its position in Wintrust Financial by 120.8% during the 4th quarter. Quent Capital LLC now owns 351 shares of the bank’s stock worth $33,000 after buying an additional 192 shares during the period. GAMMA Investing LLC bought a new position in Wintrust Financial during the fourth quarter worth about $41,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Wintrust Financial in the 4th quarter worth about $46,000. Huntington National Bank boosted its holdings in Wintrust Financial by 30.6% in the 3rd quarter. Huntington National Bank now owns 725 shares of the bank’s stock valued at $55,000 after purchasing an additional 170 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in shares of Wintrust Financial by 21.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,028 shares of the bank’s stock worth $78,000 after purchasing an additional 183 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Wintrust Financial news, insider Edward J. Wehmer sold 9,500 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 177,124 shares in the company, valued at approximately $17,599,040.64. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.47% of the stock is owned by corporate insiders.

Analyst Ratings Changes

WTFC has been the subject of several recent research reports. Stephens reiterated an “overweight” rating and issued a $110.00 price target on shares of Wintrust Financial in a research note on Tuesday, April 16th. UBS Group increased their target price on Wintrust Financial from $105.00 to $113.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Barclays dropped their price target on Wintrust Financial from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. StockNews.com upgraded shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th. Finally, Jefferies Financial Group boosted their target price on shares of Wintrust Financial from $114.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, April 8th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $112.33.

Wintrust Financial Stock Performance

NASDAQ WTFC opened at $100.74 on Thursday. The firm’s fifty day moving average price is $99.00 and its two-hundred day moving average price is $93.08. The stock has a market cap of $6.22 billion, a PE ratio of 10.42 and a beta of 1.21. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.97 and a current ratio of 0.98. Wintrust Financial Co. has a fifty-two week low of $59.85 and a fifty-two week high of $105.29.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Thursday, April 18th. The bank reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.47. The business had revenue of $604.77 million for the quarter, compared to analyst estimates of $577.80 million. Wintrust Financial had a return on equity of 13.09% and a net margin of 17.86%. Wintrust Financial’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.80 EPS. On average, equities analysts expect that Wintrust Financial Co. will post 10.17 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be issued a $0.45 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $1.80 dividend on an annualized basis and a yield of 1.79%. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.61%.

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.