Dynamic Technology Lab Private Ltd Buys Shares of 10,740 Wintrust Financial Corporation $WTFC

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new position in Wintrust Financial Corporation, purchasing 10,740 shares valued at approximately $1,208,000.
• Analysts have recently upgraded their price targets on Wintrust Financial, with estimates ranging from $138.00 to $165.00 and a consensus target price of approximately $147.31.
• Wintrust Financial announced a quarterly dividend of $0.50 per share, resulting in an annualized yield of 1.4% and a payout ratio of 18.92%.

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 10,740 shares of the bank's stock, valued at approximately $1,208,000.

Several other large investors have also recently made changes to their positions in WTFC. Millennium Management LLC lifted its holdings in shares of Wintrust Financial by 539.2% in the 1st quarter. Millennium Management LLC now owns 594,711 shares of the bank's stock worth $66,881,000 after acquiring an additional 501,669 shares during the last quarter. Nuveen LLC acquired a new stake in Wintrust Financial in the 1st quarter valued at approximately $47,769,000. Bank of America Corp DE increased its holdings in Wintrust Financial by 55.6% in the 4th quarter. Bank of America Corp DE now owns 897,932 shares of the bank's stock valued at $111,981,000 after purchasing an additional 320,954 shares during the last quarter. Jennison Associates LLC increased its holdings in Wintrust Financial by 53.3% in the 1st quarter. Jennison Associates LLC now owns 807,390 shares of the bank's stock valued at $90,799,000 after purchasing an additional 280,568 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Wintrust Financial by 21,245.9% in the 1st 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 during the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Wintrust Financial

In other news, insider Edward J. Wehmer acquired 3,919 shares of the stock in a transaction that occurred 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 transaction, the insider directly owned 3,919 shares in the company, valued at approximately $103,265.65. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction of $1,965,321.26. Following the completion of the transaction, the chief operating officer owned 182,208 shares in the company, valued at approximately $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. 1.01% of the stock is owned by company insiders.

Wintrust Financial Stock Down 0.7%

Shares of Wintrust Financial stock traded down $0.90 during trading on Wednesday, hitting $137.01. 477,081 shares of the stock were exchanged, compared to its average volume of 354,060. The stock has a market cap of $9.17 billion, a price-to-earnings ratio of 12.96 and a beta of 0.87. The firm's 50-day moving average price is $131.75 and its 200 day moving average price is $120.61. Wintrust Financial Corporation has a 12-month low of $89.10 and a 12-month 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.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced 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. 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 analyst estimates of $661.43 million. During the same period last year, the business earned $2.32 EPS. As a group, analysts forecast that Wintrust Financial Corporation will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on WTFC shares. Raymond James Financial reiterated a "strong-buy" rating and issued a $157.00 target price (up previously from $155.00) on shares of Wintrust Financial in a report on Wednesday, July 23rd. Truist Financial lifted their target price on shares of Wintrust Financial from $137.00 to $151.00 and gave the company a "buy" rating in a report on Thursday, July 24th. DA Davidson raised their price target on shares of Wintrust Financial from $135.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Jefferies Financial Group raised their price target on shares of Wintrust Financial from $150.00 to $165.00 and gave the company a "buy" rating in a research report on Wednesday, September 3rd. Finally, Wall Street Zen raised shares of Wintrust Financial from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. One 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $147.31.

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.