10,740 Shares in Wintrust Financial Corporation $WTFC Acquired by Dynamic Technology Lab Private Ltd

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 position in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 10,740 shares of the bank's stock, valued at approximately $1,208,000.

A number of other institutional investors have also recently bought and sold shares of the stock. CHICAGO TRUST Co NA increased its stake in Wintrust Financial by 0.5% in the 1st quarter. CHICAGO TRUST Co NA now owns 19,896 shares of the bank's stock worth $2,238,000 after purchasing an additional 100 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Wintrust Financial by 0.5% in the 1st quarter. Louisiana State Employees Retirement System now owns 18,600 shares of the bank's stock worth $2,092,000 after purchasing an additional 100 shares in the last quarter. Securian Asset Management Inc. increased its stake in Wintrust Financial by 2.0% in the 1st quarter. Securian Asset Management Inc. now owns 5,098 shares of the bank's stock worth $573,000 after purchasing an additional 100 shares in the last quarter. Blair William & Co. IL increased its stake in Wintrust Financial by 0.6% in the 1st quarter. Blair William & Co. IL now owns 19,055 shares of the bank's stock worth $2,143,000 after purchasing an additional 109 shares in the last quarter. Finally, Xponance Inc. increased its stake in Wintrust Financial by 1.6% in the 1st quarter. Xponance Inc. now owns 7,646 shares of the bank's stock worth $860,000 after purchasing an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on WTFC. Truist Financial lifted their price target on Wintrust Financial from $137.00 to $151.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Raymond James Financial reissued a "strong-buy" rating and issued a $157.00 price target (up previously from $155.00) on shares of Wintrust Financial in a research note on Wednesday, July 23rd. DA Davidson lifted their target price on Wintrust Financial from $135.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods lifted their target price on Wintrust Financial from $130.00 to $138.00 and gave the company a "market perform" rating in a research note on Wednesday, July 23rd. Finally, Piper Sandler reaffirmed 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 given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $147.31.

Wintrust Financial Stock Down 0.4%

NASDAQ:WTFC traded down $0.51 on Friday, hitting $135.58. 292,841 shares of the company's stock traded hands, compared to its average volume of 367,155. The company has a market cap of $9.08 billion, a PE ratio of 12.83 and a beta of 0.87. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. Wintrust Financial Corporation has a 1 year low of $89.10 and a 1 year high of $142.04. The firm has a 50-day moving average price of $131.91 and a 200-day moving average price of $120.76.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The bank reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.19. The business had revenue of $670.78 million during the quarter, compared to analyst estimates of $661.43 million. Wintrust Financial had a return on equity of 12.08% and a net margin of 18.06%.During the same period in the previous year, the company earned $2.32 EPS. Equities analysts anticipate that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

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

Insider Activity

In other news, COO David A. Dykstra sold 14,942 shares of Wintrust Financial stock in a transaction dated 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 completion of the sale, the chief operating officer directly owned 182,208 shares in the company, valued at $23,965,818.24. The trade was a 7.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Edward J. Wehmer purchased 3,919 shares of Wintrust Financial stock in a transaction dated Friday, July 25th. The shares were purchased at an average price of $26.35 per share, with a total value of $103,265.65. Following the completion of the acquisition, the insider owned 3,919 shares in the company, valued at $103,265.65. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.01% of the stock is owned by 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.