F m Investments LLC Acquires 27,013 Shares of Wintrust Financial Corporation $WTFC

F m Investments LLC boosted its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 61.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 70,857 shares of the bank’s stock after purchasing an additional 27,013 shares during the quarter. F m Investments LLC’s holdings in Wintrust Financial were worth $9,907,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in Wintrust Financial by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,300,234 shares of the bank’s stock valued at $172,204,000 after buying an additional 75,155 shares in the last quarter. Cornerstone Planning Group LLC grew its holdings in Wintrust Financial by 73,013.8% during 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 in the last quarter. Thrivent Financial for Lutherans grew its holdings in Wintrust Financial by 417.9% during 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. Envestnet Asset Management Inc. grew its holdings in Wintrust Financial by 3.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 405,599 shares of the bank’s stock valued at $53,718,000 after buying an additional 11,644 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in Wintrust Financial by 5.4% during the 3rd quarter. First Trust Advisors LP now owns 1,992,906 shares of the bank’s stock valued at $263,940,000 after buying an additional 102,833 shares in the last quarter. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Price Performance

Shares of Wintrust Financial stock opened at $151.64 on Friday. The stock has a market cap of $10.23 billion, a price-to-earnings ratio of 12.71 and a beta of 0.86. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.97 and a current ratio of 0.98. The stock has a 50 day moving average price of $142.24 and a 200-day moving average price of $141.29. Wintrust Financial Corporation has a one year low of $114.73 and a one year high of $162.96.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Monday, April 20th. The bank reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $0.26. The firm had revenue of $713.17 million during the quarter, compared to analysts’ expectations of $707.23 million. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.69 EPS. Equities analysts expect that Wintrust Financial Corporation will post 13.07 EPS for the current year.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 14th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, May 14th. Wintrust Financial’s dividend payout ratio (DPR) is currently 18.44%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on WTFC shares. DA Davidson restated a “buy” rating and set a $165.00 price target on shares of Wintrust Financial in a report on Tuesday, April 21st. Citigroup lifted their target price on Wintrust Financial from $178.00 to $182.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. UBS Group reiterated a “buy” rating and issued a $176.00 target price on shares of Wintrust Financial in a report on Wednesday, February 4th. Truist Financial dropped their target price on Wintrust Financial from $170.00 to $150.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Wintrust Financial in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $168.92.

Insider Buying and Selling

In other news, COO David A. Dykstra sold 9,579 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $148.82, for a total value of $1,425,546.78. Following the transaction, the chief operating officer directly owned 179,810 shares in the company, valued at approximately $26,759,324.20. This represents a 5.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Suzet M. Mckinney sold 500 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $148.96, for a total transaction of $74,480.00. Following the completion of the transaction, the director owned 3,303 shares in the company, valued at approximately $492,014.88. The trade was a 13.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 13,099 shares of company stock valued at $1,954,386. Insiders own 1.24% 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.