Bryce Point Capital LLC Buys New Position in Wintrust Financial Corporation $WTFC

Bryce Point Capital LLC purchased a new position in Wintrust Financial Corporation (NASDAQ:WTFC) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 4,833 shares of the bank’s stock, valued at approximately $640,000. Wintrust Financial accounts for 0.8% of Bryce Point Capital LLC’s holdings, making the stock its 22nd largest position.

A number of other large investors also recently modified their holdings of the business. Principal Financial Group Inc. raised its stake in shares of Wintrust Financial by 6.1% in the third quarter. Principal Financial Group Inc. now owns 1,300,234 shares of the bank’s stock valued at $172,204,000 after purchasing an additional 75,155 shares in the last quarter. Cornerstone Planning Group LLC increased its holdings in Wintrust Financial by 73,013.8% in the 3rd quarter. Cornerstone Planning Group LLC now owns 42,406 shares of the bank’s stock valued at $5,616,000 after buying an additional 42,348 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Wintrust Financial by 417.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 506,766 shares of the bank’s stock valued at $67,116,000 after buying an additional 408,925 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Wintrust Financial by 4.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 200,710 shares of the bank’s stock worth $26,413,000 after acquiring an additional 8,758 shares during the period. Finally, Westwood Holdings Group Inc. boosted its position in shares of Wintrust Financial by 12.1% during the 2nd quarter. Westwood Holdings Group Inc. now owns 225,183 shares of the bank’s stock valued at $27,918,000 after acquiring an additional 24,305 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on WTFC. Citigroup increased their price target on shares of Wintrust Financial from $167.00 to $178.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Barclays upped their price objective on Wintrust Financial from $178.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. Jefferies Financial Group cut 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Wintrust Financial in a research note on Wednesday, January 21st. Finally, Truist Financial upped their price target on Wintrust Financial from $158.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, January 26th. One equities research 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 company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $165.31.

Wintrust Financial Stock Down 1.7%

Shares of WTFC opened at $158.57 on Tuesday. The company has a market capitalization of $10.62 billion, a P/E ratio of 13.91 and a beta of 0.88. Wintrust Financial Corporation has a one year low of $89.10 and a one year high of $162.96. The business’s 50 day simple moving average is $144.89 and its 200-day simple moving average is $135.82. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.99.

Wintrust Financial (NASDAQ:WTFC) last released 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. The firm had revenue of $714.26 million during the quarter, compared to analysts’ expectations of $700.85 million. Wintrust Financial had a return on equity of 12.95% and a net margin of 19.48%.During the same period last year, the firm posted $2.63 EPS. As a group, sell-side analysts predict that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Thursday, February 5th will be issued a $0.55 dividend. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.50. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, February 5th. Wintrust Financial’s dividend payout ratio (DPR) is presently 19.30%.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial news, CFO David L. Stoehr sold 2,499 shares of the stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $146.16, for a total transaction of $365,253.84. Following the sale, the chief financial officer owned 18,638 shares of the company’s stock, valued at $2,724,130.08. This represents a 11.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David Eric Lee sold 558 shares of the business’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $147.42, for a total transaction of $82,260.36. Following the completion of the transaction, the insider directly owned 16,085 shares of the company’s stock, valued at approximately $2,371,250.70. This represents a 3.35% 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.

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.