Campbell & CO Investment Adviser LLC Makes New $2.23 Million Investment 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 stake in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 19,782 shares of the bank's stock, valued at approximately $2,225,000.

Several other institutional investors also recently bought and sold shares of WTFC. Earnest Partners LLC purchased a new stake in Wintrust Financial during the fourth quarter worth approximately $163,767,000. Invesco Ltd. grew its stake in Wintrust Financial by 2.7% during the first quarter. Invesco Ltd. now owns 1,128,724 shares of the bank's stock worth $126,936,000 after buying an additional 30,018 shares during the period. Bank of America Corp DE grew its stake in Wintrust Financial by 55.6% during the fourth quarter. Bank of America Corp DE now owns 897,932 shares of the bank's stock worth $111,981,000 after buying an additional 320,954 shares during the period. Northern Trust Corp grew its stake in Wintrust Financial by 20.2% during the first quarter. Northern Trust Corp now owns 852,583 shares of the bank's stock worth $95,881,000 after buying an additional 143,401 shares during the period. Finally, Jennison Associates LLC grew its stake in Wintrust Financial by 53.3% during the first quarter. Jennison Associates LLC now owns 807,390 shares of the bank's stock worth $90,799,000 after buying an additional 280,568 shares during the period. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Wintrust Financial Stock Down 0.6%

Shares of WTFC stock traded down $0.87 on Friday, hitting $137.29. The stock had a trading volume of 573,999 shares, compared to its average volume of 368,581. The firm has a market capitalization of $9.19 billion, a price-to-earnings ratio of 12.99 and a beta of 0.85. The stock's 50 day moving average is $129.60 and its 200-day moving average is $120.06. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01. Wintrust Financial Corporation has a 52-week low of $89.10 and a 52-week high of $142.04.

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

Wintrust Financial Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on WTFC. Piper Sandler reiterated an "overweight" rating and set a $160.00 price objective (up from $141.00) on shares of Wintrust Financial in a research note on Wednesday, July 23rd. Wall Street Zen upgraded shares of Wintrust Financial from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. DA Davidson boosted their price objective on shares of Wintrust Financial from $135.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Raymond James Financial restated a "strong-buy" rating and issued a $157.00 target price (up from $155.00) on shares of Wintrust Financial in a research note on Wednesday, July 23rd. Finally, Jefferies Financial Group set a $145.00 target price on shares of Wintrust Financial and gave the company a "buy" rating in a research note on Wednesday, May 21st. One investment 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 stock. According to data from MarketBeat.com, Wintrust Financial presently has an average rating of "Moderate Buy" and an average target price of $145.77.

Wintrust Financial Company Profile

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.