8,943 Shares in Wintrust Financial Corporation $WTFC Bought by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new stake in Wintrust Financial Corporation (NASDAQ:WTFC) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,943 shares of the bank’s stock, valued at approximately $1,437,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. bought a new stake in Wintrust Financial during the 1st quarter worth about $27,000. Elyxium Wealth LLC bought a new position in shares of Wintrust Financial in the 4th quarter valued at about $31,000. Creative Financial Designs Inc. ADV grew its holdings in shares of Wintrust Financial by 231.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock valued at $32,000 after acquiring an additional 160 shares in the last quarter. Harbour Investments Inc. increased its position in shares of Wintrust Financial by 72.7% in the fourth quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock valued at $34,000 after acquiring an additional 101 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new position in Wintrust Financial during the first quarter valued at approximately $35,000. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Stock Performance

Shares of NASDAQ:WTFC opened at $162.47 on Monday. Wintrust Financial Corporation has a 52-week low of $119.61 and a 52-week high of $167.21. 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 company has a market capitalization of $10.96 billion, a P/E ratio of 13.05 and a beta of 0.85. The company has a 50-day simple moving average of $159.75 and a 200 day simple moving average of $151.03.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Monday, July 20th. The bank reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.15. The firm had revenue of $738.63 million for the quarter, compared to the consensus estimate of $735.36 million. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The business’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.78 earnings per share. Sell-side analysts forecast that Wintrust Financial Corporation will post 13.04 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, August 6th. Wintrust Financial’s payout ratio is currently 17.67%.

Insider Buying and Selling at Wintrust Financial

In related news, COO David A. Dykstra sold 13,515 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $162.77, for a total transaction of $2,199,836.55. Following the transaction, the chief operating officer directly owned 166,449 shares of the company’s stock, valued at approximately $27,092,903.73. The trade was a 7.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.24% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on WTFC. TD Cowen decreased their price target on Wintrust Financial from $184.00 to $183.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Wintrust Financial in a research note on Monday, June 29th. Truist Financial increased their price objective on Wintrust Financial from $170.00 to $183.00 and gave the company a “buy” rating in a report on Friday, July 10th. Raymond James Financial initiated coverage on Wintrust Financial in a report on Tuesday, July 7th. They issued an “outperform” rating and a $180.00 price objective for the company. Finally, Capital One Financial set a $170.00 target price on shares of Wintrust Financial in a research note on Tuesday, July 21st. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $177.77.

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.