Wintrust Financial Corporation $WTFC Stake Boosted by Albert D Mason Inc.

Albert D Mason Inc. raised its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 241.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,609 shares of the bank’s stock after buying an additional 10,333 shares during the quarter. Wintrust Financial accounts for 1.3% of Albert D Mason Inc.’s portfolio, making the stock its 25th largest position. Albert D Mason Inc.’s holdings in Wintrust Financial were worth $1,935,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Maseco LLP acquired a new stake in shares of Wintrust Financial during the second quarter valued at approximately $25,000. Advisors Asset Management Inc. acquired a new position in Wintrust Financial in the 1st quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB grew its position in Wintrust Financial by 52.9% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 289 shares of the bank’s stock worth $36,000 after purchasing an additional 100 shares in the last quarter. REAP Financial Group LLC raised its stake in Wintrust Financial by 196.0% during the 2nd quarter. REAP Financial Group LLC now owns 296 shares of the bank’s stock valued at $37,000 after purchasing an additional 196 shares during the period. Finally, AlphaQuest LLC acquired a new stake in Wintrust Financial during the 1st quarter valued at $33,000. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Jefferies Financial Group decreased their target price on Wintrust Financial from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Tuesday, October 21st. Cowen reissued a “buy” rating on shares of Wintrust Financial in a research note on Wednesday, October 22nd. Truist Financial raised their price objective on Wintrust Financial from $151.00 to $158.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. TD Cowen began coverage on Wintrust Financial in a research note on Thursday, September 25th. They set a “buy” rating and a $166.00 target price on the stock. Finally, Barclays increased their price target on shares of Wintrust Financial from $175.00 to $178.00 and gave the stock an “overweight” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $152.82.

Wintrust Financial Stock Down 1.0%

WTFC opened at $142.84 on Wednesday. The company has a market capitalization of $9.57 billion, a PE ratio of 13.13 and a beta of 0.90. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 1.00. Wintrust Financial Corporation has a fifty-two week low of $89.10 and a fifty-two week high of $144.70. The business has a 50-day moving average of $132.62 and a 200-day moving average of $130.93.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Thursday, November 6th. The bank reported $3.06 EPS for the quarter. The firm had revenue of $1.26 billion for the quarter. Wintrust Financial had a return on equity of 12.82% and a net margin of 18.85%. Equities research analysts forecast that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, November 6th. This represents a $2.00 annualized dividend and a dividend yield of 1.4%. Wintrust Financial’s dividend payout ratio is 18.38%.

Wintrust Financial 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.