Mach 1 Financial Group LLC Purchases Shares of 4,305 Wintrust Financial Corporation $WTFC

Mach 1 Financial Group LLC purchased a new stake in Wintrust Financial Corporation (NASDAQ:WTFC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,305 shares of the bank’s stock, valued at approximately $602,000.

A number of other hedge funds also recently made changes to their positions in the stock. Princeton Capital Management LLC boosted its holdings in Wintrust Financial by 13.0% in the fourth quarter. Princeton Capital Management LLC now owns 3,472 shares of the bank’s stock valued at $485,000 after acquiring an additional 400 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in Wintrust Financial by 231.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock worth $32,000 after purchasing an additional 160 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Wintrust Financial by 5.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,096 shares of the bank’s stock worth $1,272,000 after purchasing an additional 479 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of Wintrust Financial by 1.1% in the 4th quarter. HighTower Advisors LLC now owns 16,632 shares of the bank’s stock worth $2,326,000 after purchasing an additional 186 shares during the period. Finally, Gabelli Funds LLC lifted its position in shares of Wintrust Financial by 1.1% in the 4th quarter. Gabelli Funds LLC now owns 55,465 shares of the bank’s stock worth $7,755,000 after purchasing an additional 630 shares during the period. 93.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Wintrust Financial

In other news, Director Suzet M. Mckinney sold 500 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $148.96, for a total transaction of $74,480.00. Following the transaction, the director directly owned 3,303 shares of the company’s stock, valued at $492,014.88. This represents a 13.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO David A. Dykstra sold 9,579 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $148.82, for a total value of $1,425,546.78. Following the completion of the transaction, the chief operating officer 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 disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 13,099 shares of company stock valued at $1,954,386. Company insiders own 1.24% of the company’s stock.

Wall Street Analysts Forecast Growth

WTFC has been the subject of several recent analyst reports. Barclays increased their price objective on shares of Wintrust Financial from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Truist Financial cut their price target on shares of Wintrust Financial from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Piper Sandler reiterated an “overweight” rating and set a $188.00 price target (up from $184.00) on shares of Wintrust Financial in a report on Wednesday, April 22nd. TD Cowen lifted their price objective on Wintrust Financial from $173.00 to $176.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Finally, DA Davidson reissued a “buy” rating and issued a $165.00 price objective on shares of Wintrust Financial in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $168.92.

Wintrust Financial Stock Down 0.2%

Wintrust Financial stock opened at $149.57 on Friday. The company has a market capitalization of $10.09 billion, a PE ratio of 12.54 and a beta of 0.86. Wintrust Financial Corporation has a 12-month low of $114.73 and a 12-month high of $162.96. The firm’s fifty day moving average is $143.08 and its 200 day moving average is $142.68. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Monday, April 20th. The bank reported $3.22 earnings per share for the quarter, beating the consensus estimate of $2.96 by $0.26. The firm had revenue of $713.17 million during the quarter, compared to the consensus estimate of $707.23 million. Wintrust Financial had a net margin of 20.11% and a return on equity of 13.15%. The business’s revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.69 earnings per share. As a group, sell-side analysts predict that Wintrust Financial Corporation will post 13.07 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th will be issued a $0.55 dividend. The ex-dividend date is Thursday, May 14th. This represents a $2.20 annualized dividend and a yield of 1.5%. Wintrust Financial’s dividend payout ratio is presently 18.44%.

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.