Curi RMB Capital LLC Has $8.25 Million Position in Wintrust Financial Corporation $WTFC

Key Points

• Curi RMB Capital LLC increased its stake in Wintrust Financial Corporation by 77.7%, now holding approximately 73,312 shares valued at about $8.25 million.
• Institutional investors dominate Wintrust Financial's ownership, holding 93.48% of the company's stock, with significant increases in stakes from firms like Nuveen LLC and Bank of America Corp DE.
• Analysts have raised price targets for Wintrust Financial, with Piper Sandler setting a target of $160.00, reflecting a bullish outlook on the company's performance.

Curi RMB Capital LLC grew its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 77.7% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 73,312 shares of the bank's stock after buying an additional 32,048 shares during the period. Curi RMB Capital LLC owned approximately 0.11% of Wintrust Financial worth $8,245,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nuveen LLC acquired a new position in Wintrust Financial in the first quarter valued at about $47,769,000. Bank of America Corp DE lifted its holdings in Wintrust Financial by 55.6% in the fourth quarter. Bank of America Corp DE now owns 897,932 shares of the bank's stock valued at $111,981,000 after buying an additional 320,954 shares during the period. Jennison Associates LLC lifted its holdings in Wintrust Financial by 53.3% in the first quarter. Jennison Associates LLC now owns 807,390 shares of the bank's stock valued at $90,799,000 after buying an additional 280,568 shares during the period. GAMMA Investing LLC increased its stake in Wintrust Financial by 21,245.9% in the first quarter. GAMMA Investing LLC now owns 268,105 shares of the bank's stock valued at $30,151,000 after purchasing an additional 266,849 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Wintrust Financial by 20.2% in the first quarter. Northern Trust Corp now owns 852,583 shares of the bank's stock valued at $95,881,000 after purchasing an additional 143,401 shares in the last quarter. Institutional investors own 93.48% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WTFC. Piper Sandler reissued an "overweight" rating and set a $160.00 price objective (up previously from $141.00) on shares of Wintrust Financial in a research report on Wednesday, July 23rd. Jefferies Financial Group raised their target price on shares of Wintrust Financial from $150.00 to $165.00 and gave the company a "buy" rating in a research note on Wednesday. Raymond James Financial restated 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. Keefe, Bruyette & Woods raised their target price 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. Finally, Truist Financial lifted their price objective on shares of Wintrust Financial from $137.00 to $151.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $147.31.

Wintrust Financial Stock Up 2.2%

Wintrust Financial stock opened at $139.81 on Friday. The company has a quick ratio of 1.01, a current 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's fifty day moving average is $130.79 and its 200 day moving average is $120.34. The company has a market capitalization of $9.36 billion, a PE ratio of 13.23 and a beta of 0.87.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its 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. Wintrust Financial had a net margin of 18.06% and a return on equity of 12.08%. The company had revenue of $670.78 million for the quarter, compared to the consensus estimate of $661.43 million. During the same quarter in the previous year, the company earned $2.32 EPS. As a group, sell-side analysts predict that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, August 7th. Wintrust Financial's dividend payout ratio (DPR) is 18.92%.

Insiders Place Their Bets

In other news, insider Edward J. Wehmer bought 3,919 shares of the stock in a transaction dated 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 trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO David A. Dykstra sold 14,942 shares of the stock in a transaction dated 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 completion of the sale, the chief operating officer owned 182,208 shares of the company's stock, valued at approximately $23,965,818.24. This represents a 7.58% decrease in their position. The disclosure for this sale can be found here. 1.01% of the stock is currently owned by company insiders.

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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