Brooklyn Investment Group Makes New $61,000 Investment in Wintrust Financial Co. (NASDAQ:WTFC)

Brooklyn Investment Group purchased a new position in Wintrust Financial Co. (NASDAQ:WTFC) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 566 shares of the bank’s stock, valued at approximately $61,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its stake in Wintrust Financial by 825.0% in the second quarter. Versant Capital Management Inc now owns 296 shares of the bank’s stock worth $29,000 after purchasing an additional 264 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Wintrust Financial during the 3rd quarter worth approximately $35,000. UMB Bank n.a. lifted its holdings in Wintrust Financial by 62.0% in the third quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock valued at $56,000 after buying an additional 196 shares during the period. Covestor Ltd lifted its holdings in Wintrust Financial by 77.9% in the third quarter. Covestor Ltd now owns 653 shares of the bank’s stock valued at $71,000 after buying an additional 286 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Wintrust Financial by 62.6% in the second quarter. GAMMA Investing LLC now owns 818 shares of the bank’s stock valued at $81,000 after buying an additional 315 shares during the period. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wintrust Financial Price Performance

Wintrust Financial stock opened at $138.50 on Friday. Wintrust Financial Co. has a one year low of $82.90 and a one year high of $142.04. The business has a fifty day moving average price of $117.94 and a 200-day moving average price of $107.01. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 1.01. The firm has a market capitalization of $9.21 billion, a P/E ratio of 14.50 and a beta of 1.15.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The firm had revenue of $615.73 million for the quarter, compared to analysts’ expectations of $623.45 million. During the same quarter in the previous year, the business earned $2.53 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, equities research analysts forecast that Wintrust Financial Co. will post 10.12 EPS for the current year.

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 7th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.30%. Wintrust Financial’s payout ratio is presently 18.85%.

Analyst Ratings Changes

Several equities research analysts have weighed in on WTFC shares. Citigroup increased their target price on shares of Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Raymond James raised their target price on shares of Wintrust Financial from $125.00 to $135.00 and gave the company a “strong-buy” rating in a research report on Wednesday, October 23rd. Piper Sandler raised their target price on shares of Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Wedbush reissued an “outperform” rating and issued a $130.00 price objective on shares of Wintrust Financial in a research report on Tuesday, October 22nd. Finally, DA Davidson raised their target price on shares of Wintrust Financial from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus 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 business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following the completion of the sale, the chief operating officer now directly owns 197,591 shares in the company, valued at approximately $22,817,808.68. The trade was a 7.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard B. Murphy sold 4,099 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total transaction of $473,967.37. Following the sale, the insider now owns 42,311 shares of the company’s stock, valued at approximately $4,892,420.93. This represents a 8.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,198 shares of company stock valued at $2,445,314 over the last ninety days. 1.47% of the stock is owned by insiders.

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.