GAMMA Investing LLC Cuts Stock Position in Wintrust Financial Corporation $WTFC

GAMMA Investing LLC lessened its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 41.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,391 shares of the bank’s stock after selling 993 shares during the quarter. GAMMA Investing LLC’s holdings in Wintrust Financial were worth $172,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of WTFC. Park Place Capital Corp raised its stake in shares of Wintrust Financial by 1,264.7% during the first quarter. Park Place Capital Corp now owns 232 shares of the bank’s stock worth $26,000 after purchasing an additional 215 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of Wintrust Financial during the first quarter worth approximately $27,000. AlphaQuest LLC purchased a new stake in shares of Wintrust Financial during the first quarter worth approximately $33,000. Wayfinding Financial LLC acquired a new position in Wintrust Financial during the first quarter worth $36,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Wintrust Financial by 52.9% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 289 shares of the bank’s stock worth $36,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WTFC. DA Davidson upped their price objective on Wintrust Financial from $135.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Barclays reaffirmed an “overweight” rating and set a $162.00 price objective (up previously from $145.00) on shares of Wintrust Financial in a report on Tuesday, July 8th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $157.00 price objective (up previously from $155.00) on shares of Wintrust Financial in a report on Wednesday, July 23rd. Wall Street Zen raised Wintrust Financial from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Finally, Jefferies Financial Group upped their target price on Wintrust Financial from $150.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $148.64.

Wintrust Financial Stock Performance

NASDAQ WTFC opened at $132.56 on Tuesday. The business’s 50-day moving average price is $132.30 and its 200 day moving average price is $122.30. Wintrust Financial Corporation has a twelve month low of $89.10 and a twelve month high of $142.04. The company has a market capitalization of $8.87 billion, a PE ratio of 12.54 and a beta of 0.87. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, July 21st. The bank reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.19. Wintrust Financial had a return on equity of 12.08% and a net margin of 18.06%.The firm had revenue of $670.78 million for the quarter, compared to the consensus estimate of $661.43 million. During the same period in the prior year, the business posted $2.32 earnings per share. On average, research analysts predict that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Thursday, August 7th. Wintrust Financial’s dividend payout ratio (DPR) is 18.92%.

Insider Transactions at Wintrust Financial

In other news, insider Edward J. Wehmer acquired 3,919 shares of the business’s stock in a transaction dated Friday, July 25th. The shares were bought at an average cost of $26.35 per share, for a total transaction of $103,265.65. Following the acquisition, the insider directly owned 3,919 shares in the company, valued at $103,265.65. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO David A. Dykstra sold 14,942 shares of the firm’s stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $131.53, for a total value of $1,965,321.26. Following the completion of the transaction, the chief operating officer owned 182,208 shares in the company, valued at approximately $23,965,818.24. This trade represents a 7.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.01% of the company’s stock.

Wintrust Financial Company 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.