14,848 Shares in Wintrust Financial Corporation (NASDAQ:WTFC) Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new position in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 14,848 shares of the bank's stock, valued at approximately $1,670,000.

A number of other large investors also recently bought and sold shares of WTFC. LPL Financial LLC raised its position in Wintrust Financial by 29.3% during the 4th quarter. LPL Financial LLC now owns 15,980 shares of the bank's stock worth $1,993,000 after buying an additional 3,622 shares during the last quarter. Norges Bank acquired a new position in shares of Wintrust Financial during the 4th quarter worth $94,906,000. New Age Alpha Advisors LLC acquired a new position in shares of Wintrust Financial during the 4th quarter worth $259,000. Pictet Asset Management Holding SA grew its stake in shares of Wintrust Financial by 10.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 9,364 shares of the bank's stock worth $1,168,000 after purchasing an additional 850 shares during the period. Finally, Clearbridge Investments LLC grew its stake in shares of Wintrust Financial by 41.3% during the 4th quarter. Clearbridge Investments LLC now owns 865,409 shares of the bank's stock worth $107,925,000 after purchasing an additional 253,050 shares during the period. Hedge funds and other institutional investors own 93.48% of the company's stock.

Analyst Upgrades and Downgrades

WTFC has been the topic of a number of recent analyst reports. Jefferies Financial Group set a $145.00 price target on shares of Wintrust Financial and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Truist Financial increased their price objective on shares of Wintrust Financial from $137.00 to $151.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Piper Sandler reissued an "overweight" rating and issued a $160.00 price objective (up from $141.00) on shares of Wintrust Financial in a research note on Wednesday, July 23rd. Barclays reissued an "overweight" rating and issued a $162.00 price objective (up from $145.00) on shares of Wintrust Financial in a research note on Tuesday, July 8th. Finally, Raymond James Financial reissued a "strong-buy" rating and issued a $157.00 price objective (up from $155.00) on shares of Wintrust Financial in a research note on Wednesday, July 23rd. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $145.77.

Wintrust Financial Stock Performance

WTFC stock traded down $3.96 during trading on Friday, hitting $124.02. 497,674 shares of the company's stock traded hands, compared to its average volume of 451,304. 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 52 week low of $89.10 and a 52 week high of $142.04. The stock has a fifty day moving average price of $125.70 and a two-hundred day moving average price of $120.52. The stock has a market capitalization of $8.30 billion, a price-to-earnings ratio of 11.73 and a beta of 0.82.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its earnings results on Monday, July 21st. The bank reported $2.78 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $661.43 million. During the same quarter in the previous year, the firm earned $2.32 earnings per share. As a group, equities analysts anticipate that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, August 7th. This represents a $2.00 annualized dividend and a yield of 1.6%. Wintrust Financial's payout ratio is presently 18.92%.

Insider Buying and Selling at Wintrust Financial

In other news, insider Edward J. Wehmer purchased 3,919 shares of the stock in a transaction dated Friday, July 25th. The stock was acquired at an average price of $26.35 per share, for a total transaction of $103,265.65. Following the completion of the transaction, the insider owned 3,919 shares of the company's stock, valued at approximately $103,265.65. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO David A. Dykstra sold 14,942 shares of the company's 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 transaction, the chief operating officer owned 182,208 shares of the company's stock, valued at $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 owned by insiders.

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.