Strategic Investment Solutions Inc. IL Takes $564,000 Position in Wintrust Financial Corporation $WTFC

Key Points

• Strategic Investment Solutions Inc. IL has established a new position in Wintrust Financial Corporation, acquiring 4,546 shares valued at approximately $564,000.
• Major institutional investors have increased their stakes in Wintrust, with Fifth Third Bancorp raising its position by 87.9%, reflecting increasing confidence in the company's financial performance.
• Wintrust Financial recently reported earnings per share (EPS) of $2.78 for the last quarter, surpassing expectations and showing growth compared to the same period last year.

Strategic Investment Solutions Inc. IL acquired a new stake in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,546 shares of the bank's stock, valued at approximately $564,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in shares of Wintrust Financial by 43.3% in the first quarter. Envestnet Asset Management Inc. now owns 349,983 shares of the bank's stock valued at $39,359,000 after buying an additional 105,754 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Wintrust Financial by 7.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,426 shares of the bank's stock valued at $273,000 after buying an additional 165 shares in the last quarter. Capstone Financial Advisors Inc. purchased a new stake in shares of Wintrust Financial in the first quarter valued at approximately $297,000. Cetera Investment Advisers increased its position in shares of Wintrust Financial by 24.5% in the first quarter. Cetera Investment Advisers now owns 19,663 shares of the bank's stock valued at $2,211,000 after buying an additional 3,873 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Wintrust Financial by 87.9% in the first quarter. Fifth Third Bancorp now owns 25,049 shares of the bank's stock valued at $2,817,000 after buying an additional 11,719 shares in the last quarter. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Wintrust Financial

In other news, COO David A. Dykstra sold 14,942 shares of the company's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $131.53, for a total value 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Edward J. Wehmer purchased 3,919 shares of the firm's stock in a transaction dated Friday, July 25th. The stock was acquired at an average cost of $26.35 per share, for a total transaction of $103,265.65. Following the purchase, the insider owned 3,919 shares in the company, valued at approximately $103,265.65. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.01% of the company's stock.

Analysts Set New Price Targets

WTFC has been the subject of several research reports. TD Cowen initiated coverage on Wintrust Financial in a research report on Thursday. They set a "buy" rating and a $166.00 price target for the company. Wall Street Zen upgraded Wintrust Financial from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Royal Bank Of Canada boosted their price target on Wintrust Financial from $137.00 to $158.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Cowen initiated coverage on Wintrust Financial in a research report on Wednesday. They set a "buy" rating for the company. Finally, Piper Sandler reiterated an "overweight" rating and set a $160.00 price target (up from $141.00) on shares of Wintrust Financial in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $148.64.

Wintrust Financial Stock Up 1.4%

Shares of NASDAQ:WTFC opened at $133.60 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.68. The business has a fifty day moving average of $132.28 and a two-hundred day moving average of $121.79. The stock has a market cap of $8.94 billion, a P/E ratio of 12.64 and a beta of 0.87. Wintrust Financial Corporation has a 52-week low of $89.10 and a 52-week high of $142.04.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its 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 company had revenue of $670.78 million during the quarter, compared to analysts' expectations 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 prior year, the business earned $2.32 EPS. On average, research analysts expect that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.

Wintrust Financial Dividend Announcement

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

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.

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