Campbell & CO Investment Adviser LLC Invests $2.23 Million in Wintrust Financial Corporation $WTFC

Key Points

• Campbell & CO Investment Adviser LLC acquired 19,782 shares of Wintrust Financial Corporation, valued at approximately $2.23 million, indicating growing institutional interest in the bank.
• Wintrust Financial reported a $2.78 earnings per share (EPS) for the last quarter, exceeding analysts' expectations, and has declared a quarterly dividend of $0.50 per share.
• Several analysts have upgraded Wintrust Financial's stock ratings, with price targets increasing significantly; Truist Financial raised their target from $137.00 to $151.00 and Piper Sandler set theirs at $160.00.

Campbell & CO Investment Adviser LLC bought a new position in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 19,782 shares of the bank's stock, valued at approximately $2,225,000.

Several other institutional investors and hedge funds have also bought and sold shares of WTFC. CHICAGO TRUST Co NA raised its stake in Wintrust Financial by 0.5% in the first quarter. CHICAGO TRUST Co NA now owns 19,896 shares of the bank's stock valued at $2,238,000 after buying an additional 100 shares during the period. Louisiana State Employees Retirement System raised its stake in Wintrust Financial by 0.5% in the first quarter. Louisiana State Employees Retirement System now owns 18,600 shares of the bank's stock valued at $2,092,000 after buying an additional 100 shares during the period. Securian Asset Management Inc. raised its stake in Wintrust Financial by 2.0% in the first quarter. Securian Asset Management Inc. now owns 5,098 shares of the bank's stock valued at $573,000 after buying an additional 100 shares during the period. Blair William & Co. IL raised its stake in Wintrust Financial by 0.6% in the first quarter. Blair William & Co. IL now owns 19,055 shares of the bank's stock valued at $2,143,000 after buying an additional 109 shares during the period. Finally, Xponance Inc. raised its stake in Wintrust Financial by 1.6% in the first quarter. Xponance Inc. now owns 7,646 shares of the bank's stock valued at $860,000 after buying an additional 123 shares during the period. Institutional investors own 93.48% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on WTFC shares. Royal Bank Of Canada upped 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. Wall Street Zen upgraded Wintrust Financial from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Raymond James Financial reiterated a "strong-buy" rating and set a $157.00 target price (up previously from $155.00) on shares of Wintrust Financial in a research note on Wednesday, July 23rd. Jefferies Financial Group set a $145.00 target price on Wintrust Financial and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Finally, Piper Sandler reiterated an "overweight" rating and set a $160.00 target price (up previously from $141.00) on shares of Wintrust Financial in a research note on Wednesday, July 23rd. One equities 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's stock. Based on data from MarketBeat.com, Wintrust Financial has an average rating of "Moderate Buy" and a consensus target price of $145.77.

Insider Buying and Selling at Wintrust Financial

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

Wintrust Financial Price Performance

NASDAQ:WTFC traded down $0.80 during trading hours on Friday, reaching $137.36. 461,250 shares of the company were exchanged, compared to its average volume of 440,712. The company has a market capitalization of $9.20 billion, a P/E ratio of 13.00 and a beta of 0.85. Wintrust Financial Corporation has a 1-year low of $89.10 and a 1-year high of $142.04. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 1.01. The business has a 50 day moving average of $129.26 and a 200 day moving average of $120.09.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its earnings results on Monday, July 21st. The bank reported $2.78 earnings per share for the quarter, beating analysts' consensus estimates of $2.59 by $0.19. The firm had revenue of $670.78 million for the quarter, compared to the consensus estimate 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 business posted $2.32 EPS. Research analysts forecast that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, August 7th. 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.