2,639 Shares in Wintrust Financial Corporation (NASDAQ:WTFC) Bought by Capstone Financial Advisors Inc.

Key Points

• Capstone Financial Advisors Inc. invested approximately $297,000 in Wintrust Financial Corporation, acquiring 2,639 shares in the first quarter of the year.
• Wintrust Financial reported a quarterly EPS of $2.78, surpassing analyst expectations, with revenues reaching $670.78 million.
• The company also declared a quarterly dividend of $0.50 per share, set to be paid on August 21st, indicating a 1.6% dividend yield.

Capstone Financial Advisors Inc. bought a new position in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,639 shares of the bank's stock, valued at approximately $297,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC raised its holdings in shares of Wintrust Financial by 29.3% during the fourth quarter. LPL Financial LLC now owns 15,980 shares of the bank's stock valued at $1,993,000 after purchasing an additional 3,622 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in Wintrust Financial by 10.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 9,364 shares of the bank's stock valued at $1,168,000 after acquiring an additional 850 shares during the period. O Shaughnessy Asset Management LLC boosted its position in Wintrust Financial by 15.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,537 shares of the bank's stock worth $441,000 after purchasing an additional 466 shares during the last quarter. Franklin Resources Inc. bought a new stake in shares of Wintrust Financial during the 4th quarter valued at about $252,000. Finally, Geode Capital Management LLC increased its position in shares of Wintrust Financial by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 1,165,898 shares of the bank's stock valued at $145,443,000 after purchasing an additional 10,172 shares during the last quarter. Institutional investors own 93.48% of the company's stock.

Insider Activity at Wintrust Financial

In related news, insider Edward J. Wehmer bought 3,919 shares of the stock in a transaction on Friday, July 25th. The stock was bought at an average price 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 represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO David A. Dykstra sold 14,942 shares of Wintrust Financial stock in a transaction on 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 completion of the transaction, the chief operating officer owned 182,208 shares in the company, valued at $23,965,818.24. This represents a 7.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.01% of the stock is owned by corporate insiders.

Wintrust Financial Trading Down 0.6%

WTFC stock traded down $0.80 during midday trading on Wednesday, reaching $125.02. The company's stock had a trading volume of 372,415 shares, compared to its average volume of 464,512. Wintrust Financial Corporation has a 1 year low of $89.10 and a 1 year high of $142.04. The firm has a market capitalization of $8.37 billion, a price-to-earnings ratio of 11.83 and a beta of 0.85. The stock has a fifty day simple moving average of $126.04 and a two-hundred day simple moving average of $120.26. 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 (NASDAQ:WTFC - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The bank reported $2.78 EPS for the quarter, topping the consensus estimate of $2.59 by $0.19. The company had revenue of $670.78 million for the quarter, compared to the consensus estimate of $661.43 million. Wintrust Financial had a net margin of 18.06% and a return on equity of 12.08%. During the same quarter last year, the firm posted $2.32 EPS. On average, equities research analysts predict 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 will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $2.00 annualized dividend and a yield of 1.6%. Wintrust Financial's dividend payout ratio is 18.92%.

Analyst Ratings Changes

Several brokerages have recently weighed in on WTFC. Keefe, Bruyette & Woods lifted their price target on shares of Wintrust Financial from $130.00 to $138.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 23rd. Truist Financial raised their price target on Wintrust Financial from $137.00 to $151.00 and gave the company a "buy" rating in a report on Thursday, July 24th. DA Davidson boosted their price target on shares of Wintrust Financial from $135.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Hovde Group upped their target price on shares of Wintrust Financial from $107.00 to $115.00 and gave the company a "market perform" rating in a research report on Wednesday, April 23rd. Finally, Royal Bank Of Canada boosted their price objective on Wintrust Financial from $137.00 to $158.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.