FJ Capital Management LLC Takes Position in Wintrust Financial Corporation $WTFC

Key Points

• FJ Capital Management LLC purchased a new position in Wintrust Financial Corporation valued at approximately $6.09 million, acquiring 54,115 shares during the first quarter.
• Analysts have set new price targets for Wintrust Financial, with Raymond James raising its target to $157 and Piper Sandler to $160, indicating a strong positive outlook for the stock.
• Wintrust Financial recently declared a quarterly dividend of $0.50 per share, reflecting a dividend yield of 1.5% and a payout ratio of 18.92%.

FJ Capital Management LLC acquired a new stake in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 54,115 shares of the bank's stock, valued at approximately $6,086,000. FJ Capital Management LLC owned 0.08% of Wintrust Financial as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in WTFC. Park Place Capital Corp lifted its position in Wintrust Financial by 1,264.7% in the first quarter. Park Place Capital Corp now owns 232 shares of the bank's stock valued at $26,000 after purchasing an additional 215 shares during the period. AlphaQuest LLC purchased a new stake in Wintrust Financial in the 1st quarter valued at approximately $33,000. Wayfinding Financial LLC purchased a new stake in Wintrust Financial in the 1st quarter valued at approximately $36,000. Opal Wealth Advisors LLC purchased a new stake in Wintrust Financial in the 1st quarter valued at approximately $38,000. Finally, SVB Wealth LLC purchased a new stake in Wintrust Financial in the 1st quarter valued at approximately $47,000. Institutional investors and hedge funds own 93.48% of the company's stock.

Insider Activity

In other news, insider Edward J. Wehmer bought 3,919 shares of the business's stock in a transaction that occurred on Friday, July 25th. The stock was purchased at an average price of $26.35 per share, with a total value of $103,265.65. Following the purchase, the insider owned 3,919 shares of the company's stock, valued at $103,265.65. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, COO David A. Dykstra sold 14,942 shares of the company's 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 transaction, the chief operating officer directly 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. Insiders own 1.01% of the company's stock.

Wintrust Financial Price Performance

Shares of NASDAQ:WTFC traded up $2.98 during midday trading on Thursday, hitting $139.81. 333,465 shares of the stock were exchanged, compared to its average volume of 439,803. The stock has a market cap of $9.36 billion, a P/E ratio of 13.23 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 twelve month low of $89.10 and a twelve month high of $142.04. The company has a 50 day moving average price of $130.48 and a 200-day moving average price of $120.27.

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

Wintrust Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $2.00 annualized dividend and a yield of 1.4%. Wintrust Financial's payout ratio is presently 18.92%.

Analysts Set New Price Targets

A number of research firms have commented on WTFC. Truist Financial raised their target price on Wintrust Financial from $137.00 to $151.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Raymond James Financial reissued 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. Piper Sandler reissued an "overweight" rating and issued a $160.00 target price (up previously from $141.00) on shares of Wintrust Financial in a report on Wednesday, July 23rd. DA Davidson raised their target price on Wintrust Financial from $135.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods raised their target price on Wintrust Financial from $130.00 to $138.00 and gave the company a "market perform" rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $147.31.

Wintrust Financial 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.