Mutual of America Capital Management LLC Boosts Stock Position in Wintrust Financial Co. (NASDAQ:WTFC)

Mutual of America Capital Management LLC grew its stake in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 151.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,104 shares of the bank's stock after acquiring an additional 60,321 shares during the period. Mutual of America Capital Management LLC owned 0.16% of Wintrust Financial worth $9,285,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of WTFC. Belpointe Asset Management LLC raised its stake in shares of Wintrust Financial by 106.2% during the first quarter. Belpointe Asset Management LLC now owns 365 shares of the bank's stock worth $27,000 after buying an additional 188 shares during the last quarter. Quent Capital LLC raised its stake in shares of Wintrust Financial by 120.8% during the fourth quarter. Quent Capital LLC now owns 351 shares of the bank's stock worth $33,000 after buying an additional 192 shares during the last quarter. Coppell Advisory Solutions Corp. bought a new stake in shares of Wintrust Financial during the fourth quarter worth approximately $44,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Wintrust Financial during the fourth quarter worth approximately $46,000. Finally, Quarry LP raised its stake in shares of Wintrust Financial by 36.1% during the first quarter. Quarry LP now owns 663 shares of the bank's stock worth $48,000 after buying an additional 176 shares during the last quarter. 93.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WTFC has been the subject of a number of analyst reports. Truist Financial boosted their price objective on shares of Wintrust Financial from $111.00 to $117.00 and gave the company a "buy" rating in a report on Monday, April 1st. Barclays assumed coverage on shares of Wintrust Financial in a report on Friday, March 8th. They set an "overweight" rating and a $135.00 price objective for the company. Wedbush reiterated an "outperform" rating and issued a $110.00 price target on shares of Wintrust Financial in a report on Thursday, January 18th. Raymond James upped their price target on shares of Wintrust Financial from $95.00 to $115.00 and gave the company a "strong-buy" rating in a report on Friday, January 19th. Finally, UBS Group upped their price target on shares of Wintrust Financial from $105.00 to $113.00 and gave the company a "buy" rating in a report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Wintrust Financial has a consensus rating of "Moderate Buy" and a consensus price target of $111.17.

Insiders Place Their Bets

In other news, EVP Jeffrey D. Hahnfeld sold 588 shares of the firm's stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total value of $57,553.44. Following the sale, the executive vice president now directly owns 3,410 shares in the company, valued at approximately $333,770.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Edward J. Wehmer sold 9,500 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total transaction of $943,920.00. Following the sale, the insider now directly owns 177,124 shares in the company, valued at approximately $17,599,040.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Jeffrey D. Hahnfeld sold 588 shares of Wintrust Financial stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $97.88, for a total transaction of $57,553.44. Following the sale, the executive vice president now owns 3,410 shares in the company, valued at $333,770.80. The disclosure for this sale can be found here. Corporate insiders own 1.41% of the company's stock.

Wintrust Financial Stock Performance

Shares of WTFC traded down $0.59 during trading hours on Friday, hitting $97.00. The company had a trading volume of 444,508 shares, compared to its average volume of 404,572. The firm has a market cap of $5.99 billion, a price-to-earnings ratio of 10.13 and a beta of 1.21. The business has a fifty day moving average of $97.87 and a 200-day moving average of $90.02. Wintrust Financial Co. has a 12 month low of $58.12 and a 12 month high of $105.29. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.73.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its quarterly earnings results on Thursday, January 18th. The bank reported $1.87 EPS for the quarter, missing the consensus estimate of $2.42 by ($0.55). Wintrust Financial had a net margin of 18.71% and a return on equity of 13.23%. The business had revenue of $570.80 million during the quarter, compared to analyst estimates of $578.89 million. During the same quarter last year, the company posted $2.23 earnings per share. Equities analysts anticipate that Wintrust Financial Co. will post 9.9 EPS for the current fiscal year.

Wintrust Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.86%. This is an increase from Wintrust Financial's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Wednesday, February 7th. Wintrust Financial's dividend payout ratio is presently 18.79%.

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.