Intech Investment Management LLC Makes New $909,000 Investment in Wintrust Financial Corporation $WTFC

Intech Investment Management LLC acquired a new position in Wintrust Financial Corporation (NASDAQ:WTFC) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,861 shares of the bank’s stock, valued at approximately $909,000.

A number of other institutional investors also recently bought and sold shares of WTFC. Root Financial Partners LLC bought a new stake in Wintrust Financial during the third quarter valued at about $27,000. Advisors Asset Management Inc. bought a new position in shares of Wintrust Financial during the 1st quarter valued at approximately $27,000. Richardson Financial Services Inc. grew its stake 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 valued at $41,000 after acquiring an additional 134 shares during the period. Quent Capital LLC purchased a new stake in Wintrust Financial in the 3rd quarter worth approximately $41,000. Finally, State of Wyoming purchased a new stake in Wintrust Financial in the 2nd quarter worth approximately $41,000. 93.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WTFC. Piper Sandler upped their price target on shares of Wintrust Financial from $161.00 to $184.00 and gave the stock an “overweight” rating in a research report on Thursday, January 22nd. Citigroup lifted their target price on shares of Wintrust Financial from $167.00 to $178.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Wintrust Financial in a report on Wednesday, January 21st. UBS Group reiterated a “buy” rating and issued a $176.00 price target on shares of Wintrust Financial in a research note on Wednesday, February 4th. Finally, DA Davidson boosted their price objective on Wintrust Financial from $165.00 to $172.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. One 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 stock. According to data from MarketBeat, Wintrust Financial has an average rating of “Moderate Buy” and a consensus price target of $165.31.

Insider Transactions at Wintrust Financial

In other Wintrust Financial news, CFO David L. Stoehr sold 2,499 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $146.16, for a total transaction of $365,253.84. Following the sale, the chief financial officer directly owned 18,638 shares of the company’s stock, valued at $2,724,130.08. The trade was a 11.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kathleen M. Boege sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $146.38, for a total value of $731,900.00. Following the completion of the sale, the executive vice president directly owned 22,883 shares of the company’s stock, valued at $3,349,613.54. The trade was a 17.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 11,662 shares of company stock worth $1,705,730. 1.01% of the stock is currently owned by corporate insiders.

Wintrust Financial Trading Down 3.5%

Shares of Wintrust Financial stock opened at $138.07 on Monday. Wintrust Financial Corporation has a twelve month low of $89.10 and a twelve month high of $162.96. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The business has a 50-day moving average price of $148.51 and a 200-day moving average price of $138.86. The firm has a market cap of $9.29 billion, a price-to-earnings ratio of 12.11 and a beta of 0.85.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Tuesday, January 20th. The bank reported $3.15 EPS 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 company had revenue of $714.26 million during the quarter, compared to analyst estimates of $700.85 million. During the same period in the prior year, the company earned $2.63 earnings per share. Equities research analysts anticipate that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, February 5th. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.50. Wintrust Financial’s dividend payout ratio is 19.30%.

Wintrust Financial Company 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.