Albert D Mason Inc. Takes $530,000 Position in Wintrust Financial Corporation $WTFC

Key Points

• Albert D Mason Inc. acquired a $530,000 stake in Wintrust Financial Corporation (NASDAQ:WTFC) by purchasing 4,276 shares in the second quarter.
• Analysts have raised their price targets for Wintrust Financial, with Royal Bank Of Canada increasing it from $137.00 to $158.00, reflecting a market interest in the stock.
• Wintrust Financial recently reported earnings per share of $2.78, exceeding the consensus estimate, and announced a quarterly dividend of $0.50, indicating strong financial performance.

Albert D Mason Inc. purchased a new stake in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,276 shares of the bank's stock, valued at approximately $530,000.

A number of other hedge funds have also made changes to their positions in WTFC. Maseco LLP purchased a new position in shares of Wintrust Financial in the second quarter valued at $25,000. Park Place Capital Corp increased its position in shares of Wintrust Financial by 1,264.7% in the first quarter. Park Place Capital Corp now owns 232 shares of the bank's stock valued at $26,000 after buying an additional 215 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in shares of Wintrust Financial in the first quarter valued at $27,000. AlphaQuest LLC purchased a new position in shares of Wintrust Financial in the first quarter valued at $33,000. Finally, Wayfinding Financial LLC purchased a new position in shares of Wintrust Financial in the first quarter valued at $36,000. Hedge funds and other institutional investors own 93.48% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Keefe, Bruyette & Woods increased their price objective on Wintrust Financial from $130.00 to $138.00 and gave the company a "market perform" rating in a research note on Wednesday, July 23rd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Wintrust Financial in a research note on Wednesday, October 8th. Royal Bank Of Canada increased their price objective on Wintrust Financial from $137.00 to $158.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Truist Financial increased their price objective on Wintrust Financial from $137.00 to $151.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Finally, Cowen assumed coverage on Wintrust Financial in a research note on Wednesday, September 24th. They set a "buy" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $149.57.

Wintrust Financial Stock Up 2.1%

Shares of NASDAQ:WTFC opened at $122.74 on Friday. The stock's 50-day moving average price is $132.41 and its two-hundred day moving average price is $123.69. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. Wintrust Financial Corporation has a 12-month low of $89.10 and a 12-month high of $142.04. The firm has a market cap of $8.22 billion, a price-to-earnings ratio of 11.61 and a beta of 0.83.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The bank reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.19. The business 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 period in the previous year, the company posted $2.32 EPS. On average, research analysts forecast that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Wintrust Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, August 7th. Wintrust Financial's payout ratio is currently 18.92%.

Insider Activity

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

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.

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