S.A. Mason LLC Takes $239,000 Position in Wintrust Financial Co. (NASDAQ:WTFC)

S.A. Mason LLC acquired a new position in shares of Wintrust Financial Co. (NASDAQ:WTFC) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 2,205 shares of the bank’s stock, valued at approximately $239,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WTFC. Vanguard Group Inc. grew its stake in shares of Wintrust Financial by 3.9% during the first quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank’s stock worth $673,603,000 after buying an additional 244,168 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Wintrust Financial by 157.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 190,416 shares of the bank’s stock worth $19,878,000 after acquiring an additional 116,503 shares during the last quarter. Capital International Investors increased its holdings in Wintrust Financial by 4.6% in the 1st quarter. Capital International Investors now owns 1,638,085 shares of the bank’s stock worth $171,000,000 after purchasing an additional 72,082 shares in the last quarter. Choreo LLC acquired a new position in Wintrust Financial in the 2nd quarter worth about $1,115,000. Finally, Raymond James & Associates raised its position in Wintrust Financial by 2.7% in the second quarter. Raymond James & Associates now owns 207,944 shares of the bank’s stock valued at $20,495,000 after purchasing an additional 5,563 shares during the last quarter. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Price Performance

Shares of WTFC opened at $117.56 on Thursday. The firm has a market cap of $7.82 billion, a PE ratio of 12.31 and a beta of 1.16. Wintrust Financial Co. has a 52-week low of $73.37 and a 52-week high of $118.69. The business’s 50 day moving average price is $108.57 and its two-hundred day moving average price is $102.72. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.01 and a current ratio of 1.02.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Monday, October 21st. The bank reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.50 by ($0.03). Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The company had revenue of $615.73 million for the quarter, compared to the consensus estimate of $623.45 million. During the same period in the prior year, the company earned $2.53 earnings per share. The firm’s revenue was up 7.1% compared to the same quarter last year. On average, equities analysts anticipate that Wintrust Financial Co. will post 10.13 EPS for the current year.

Wintrust Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Thursday, November 7th. Wintrust Financial’s payout ratio is 18.85%.

Analysts Set New Price Targets

Several analysts have recently weighed in on WTFC shares. Stephens restated an “overweight” rating and set a $115.00 price target on shares of Wintrust Financial in a report on Thursday, July 18th. Truist Financial boosted their target price on shares of Wintrust Financial from $123.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Citigroup upped their price target on shares of Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Raymond James boosted their price objective on shares of Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 23rd. Finally, Piper Sandler increased their price objective on Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Three equities research 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, Wintrust Financial presently has an average rating of “Moderate Buy” and a consensus target price of $123.00.

Insider Buying and Selling

In other Wintrust Financial news, COO David A. Dykstra sold 15,492 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total value of $1,789,016.16. Following the completion of the sale, the chief operating officer now owns 197,591 shares of the company’s stock, valued at approximately $22,817,808.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Wintrust Financial news, insider Richard B. Murphy sold 4,099 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total value of $473,967.37. Following the transaction, the insider now directly owns 42,311 shares of the company’s stock, valued at approximately $4,892,420.93. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO David A. Dykstra sold 15,492 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following the sale, the chief operating officer now directly owns 197,591 shares of the company’s stock, valued at approximately $22,817,808.68. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,198 shares of company stock valued at $2,445,314. 1.47% of the stock is owned by company 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.