Alps Advisors Inc. Purchases Shares of 3,360 Wintrust Financial Corporation $WTFC

Alps Advisors Inc. purchased a new position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,360 shares of the bank’s stock, valued at approximately $445,000.

Several other institutional investors and hedge funds have also made changes to their positions in WTFC. Root Financial Partners LLC acquired a new stake in shares of Wintrust Financial during the 3rd quarter worth about $27,000. Advisors Asset Management Inc. purchased a new position in Wintrust Financial in the first quarter valued at approximately $27,000. Richardson Financial Services Inc. lifted its position in shares of Wintrust Financial by 75.3% during the 3rd quarter. Richardson Financial Services Inc. now owns 312 shares of the bank’s stock worth $41,000 after buying an additional 134 shares during the last quarter. Quent Capital LLC acquired a new position in shares of Wintrust Financial in the 3rd quarter valued at $41,000. Finally, State of Wyoming purchased a new position in shares of Wintrust Financial in the 2nd quarter valued at $41,000. 93.48% of the stock is owned by institutional investors and hedge funds.

Wintrust Financial Stock Up 2.1%

Shares of Wintrust Financial stock opened at $153.74 on Friday. Wintrust Financial Corporation has a one year low of $89.10 and a one year high of $162.96. The company has a market cap of $10.30 billion, a P/E ratio of 13.49 and a beta of 0.88. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.99 and a current ratio of 1.00. The firm has a fifty day moving average of $146.27 and a two-hundred day moving average of $136.40.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Tuesday, January 20th. The bank reported $3.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. Wintrust Financial had a return on equity of 12.95% and a net margin of 19.48%.The business had revenue of $714.26 million during the quarter, compared to analysts’ expectations of $700.85 million. During the same quarter last year, the business posted $2.63 earnings per share. On average, analysts forecast that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.

Wintrust Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th will be paid a dividend of $0.55 per share. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.50. The ex-dividend date is Thursday, February 5th. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. Wintrust Financial’s payout ratio is 19.30%.

Analyst Upgrades and Downgrades

WTFC has been the subject of a number of research reports. Stephens boosted their price target on shares of Wintrust Financial from $158.00 to $162.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. Barclays lifted their target price on Wintrust Financial from $178.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, January 22nd. Piper Sandler upped their target price on Wintrust Financial from $161.00 to $184.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. DA Davidson raised their price target on Wintrust Financial from $165.00 to $172.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Wintrust Financial in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $165.31.

Insider Activity

In related news, insider David Eric Lee sold 558 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $147.42, for a total value of $82,260.36. Following the sale, the insider directly owned 16,085 shares in the company, valued at $2,371,250.70. This trade represents a 3.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David L. Stoehr sold 2,499 shares of Wintrust Financial stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $146.16, for a total value of $365,253.84. Following the transaction, the chief financial officer owned 18,638 shares in the company, valued at approximately $2,724,130.08. This trade represents a 11.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 11,662 shares of company stock worth $1,705,730 over the last quarter. Corporate insiders own 1.01% of the company’s stock.

About Wintrust Financial

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.