Wintrust Financial Co. (NASDAQ:WTFC) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its position in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 21,245.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 268,105 shares of the bank's stock after acquiring an additional 266,849 shares during the quarter. GAMMA Investing LLC owned approximately 0.40% of Wintrust Financial worth $30,151,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Millstone Evans Group LLC purchased a new position in shares of Wintrust Financial during the 4th quarter valued at $43,000. Global Retirement Partners LLC increased its holdings in Wintrust Financial by 63.5% during the 4th quarter. Global Retirement Partners LLC now owns 376 shares of the bank's stock worth $47,000 after purchasing an additional 146 shares during the period. Quarry LP bought a new stake in shares of Wintrust Financial in the 4th quarter valued at about $78,000. Jones Financial Companies Lllp grew its stake in Wintrust Financial by 920.9% in the fourth quarter. Jones Financial Companies Lllp now owns 684 shares of the bank's stock valued at $85,000 after purchasing an additional 617 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new position in shares of Wintrust Financial during the fourth quarter worth $202,000. 93.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on WTFC. Truist Financial cut their price target on shares of Wintrust Financial from $150.00 to $137.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Barclays boosted their price target on shares of Wintrust Financial from $138.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 23rd. DA Davidson reduced their price target on Wintrust Financial from $140.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Royal Bank of Canada dropped their price objective on Wintrust Financial from $152.00 to $135.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Finally, Raymond James set a $143.00 price objective on shares of Wintrust Financial and gave the company a "strong-buy" rating in a research report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $135.77.

Wintrust Financial Price Performance

Shares of Wintrust Financial stock traded up $2.83 during trading on Friday, hitting $121.72. 263,812 shares of the company were exchanged, compared to its average volume of 427,883. The firm has a 50 day moving average price of $111.85 and a 200 day moving average price of $121.43. The stock has a market capitalization of $8.15 billion, a price-to-earnings ratio of 11.81 and a beta of 0.82. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. Wintrust Financial Co. has a fifty-two week low of $89.10 and a fifty-two week high of $142.04.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The bank reported $2.69 earnings per share for the quarter, topping analysts' consensus estimates of $2.52 by $0.17. The company had revenue of $643.11 million during the quarter, compared to analysts' expectations of $643.11 million. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same period in the previous year, the firm posted $2.89 earnings per share. On average, equities analysts expect that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were issued a $0.50 dividend. The ex-dividend date was Thursday, May 8th. This represents a $2.00 dividend on an annualized basis and a yield of 1.64%. Wintrust Financial's dividend payout ratio (DPR) is 19.78%.

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.