Walleye Trading LLC Takes Position in Wintrust Financial Corporation $WTFC

Key Points

• Walleye Trading LLC has acquired a new position in Wintrust Financial, purchasing 1,888 shares valued at approximately $212,000 in the first quarter.
• Wintrust Financial reported an EPS of $2.78 for its latest quarter, surpassing analysts' estimates, with a net margin of 18.06% and a revenue of $670.78 million.
• The company announced a quarterly dividend of $0.50, resulting in an annualized dividend of $2.00 and a yield of 1.5%, with a payout ratio of 18.92%.

Walleye Trading LLC acquired a new position in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,888 shares of the bank's stock, valued at approximately $212,000.

Several other large investors have also modified their holdings of the business. CHICAGO TRUST Co NA grew its holdings in shares of Wintrust Financial by 0.5% during the 1st quarter. CHICAGO TRUST Co NA now owns 19,896 shares of the bank's stock worth $2,238,000 after purchasing an additional 100 shares during the period. Louisiana State Employees Retirement System grew its holdings in shares of Wintrust Financial by 0.5% during the 1st quarter. Louisiana State Employees Retirement System now owns 18,600 shares of the bank's stock worth $2,092,000 after purchasing an additional 100 shares during the period. Securian Asset Management Inc. grew its holdings in shares of Wintrust Financial by 2.0% during the 1st quarter. Securian Asset Management Inc. now owns 5,098 shares of the bank's stock worth $573,000 after purchasing an additional 100 shares during the period. Blair William & Co. IL grew its holdings in shares of Wintrust Financial by 0.6% during the 1st quarter. Blair William & Co. IL now owns 19,055 shares of the bank's stock worth $2,143,000 after purchasing an additional 109 shares during the period. Finally, Xponance Inc. grew its holdings in shares of Wintrust Financial by 1.6% during the 1st quarter. Xponance Inc. now owns 7,646 shares of the bank's stock worth $860,000 after purchasing an additional 123 shares during the period. Institutional investors and hedge funds own 93.48% of the company's stock.

Insider Transactions at Wintrust Financial

In other news, COO David A. Dykstra sold 14,942 shares of the stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $131.53, for a total value of $1,965,321.26. Following the transaction, the chief operating officer owned 182,208 shares in the company, valued at approximately $23,965,818.24. This represents a 7.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Edward J. Wehmer acquired 3,919 shares of the company's stock in a transaction dated Friday, July 25th. The stock was acquired at an average price of $26.35 per share, for a total transaction of $103,265.65. Following the acquisition, the insider owned 3,919 shares in the company, valued at approximately $103,265.65. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.01% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on WTFC shares. Truist Financial increased their price target on Wintrust Financial from $137.00 to $151.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Keefe, Bruyette & Woods increased their target price on Wintrust Financial from $130.00 to $138.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada raised their target price on Wintrust Financial from $137.00 to $158.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Jefferies Financial Group set a $145.00 target price on Wintrust Financial and gave the company a "buy" rating in a report on Wednesday, May 21st. Finally, Piper Sandler restated an "overweight" rating and set a $160.00 target price (up from $141.00) on shares of Wintrust Financial in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Wintrust Financial presently has an average rating of "Moderate Buy" and a consensus price target of $145.77.

Wintrust Financial Stock Down 0.4%

WTFC stock traded down $0.53 during mid-day trading on Tuesday, reaching $136.76. The company had a trading volume of 348,094 shares, compared to its average volume of 359,170. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $9.16 billion, a price-to-earnings ratio of 12.94 and a beta of 0.87. The firm has a fifty day simple moving average of $130.17 and a 200 day simple moving average of $120.16. Wintrust Financial Corporation has a fifty-two week low of $89.10 and a fifty-two week high of $142.04.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The bank reported $2.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.59 by $0.19. The company had revenue of $670.78 million for the quarter, compared to analyst estimates of $661.43 million. Wintrust Financial had a return on equity of 12.08% and a net margin of 18.06%.During the same quarter last year, the company earned $2.32 EPS. Analysts forecast that Wintrust Financial Corporation will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $2.00 dividend on an annualized basis and a yield of 1.5%. Wintrust Financial's dividend payout ratio (DPR) is currently 18.92%.

About Wintrust Financial

Wintrust Financial Corporation operates as a financial holding company. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), online and mobile banking, and other services.