23,627 Shares in Wintrust Financial Co. (NASDAQ:WTFC) Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. bought a new stake in Wintrust Financial Co. (NASDAQ:WTFC) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,627 shares of the bank’s stock, valued at approximately $2,564,000.

Several other institutional investors have also modified their holdings of WTFC. Chartwell Investment Partners LLC increased its position in Wintrust Financial by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 11,049 shares of the bank’s stock worth $1,200,000 after purchasing an additional 89 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Wintrust Financial by 11.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 866 shares of the bank’s stock worth $85,000 after buying an additional 91 shares during the last quarter. Shaker Investments LLC OH raised its position in shares of Wintrust Financial by 0.3% during the 3rd quarter. Shaker Investments LLC OH now owns 28,928 shares of the bank’s stock valued at $3,140,000 after buying an additional 96 shares during the period. Captrust Financial Advisors grew its position in Wintrust Financial by 2.8% in the third quarter. Captrust Financial Advisors now owns 3,859 shares of the bank’s stock worth $419,000 after acquiring an additional 104 shares during the period. Finally, US Bancorp DE increased its stake in Wintrust Financial by 0.5% during the third quarter. US Bancorp DE now owns 24,716 shares of the bank’s stock worth $2,682,000 after acquiring an additional 126 shares during the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on WTFC. DA Davidson boosted their price objective on shares of Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Truist Financial upped their price objective 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. Piper Sandler boosted their target price on Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Raymond James raised their price target on Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 23rd. Finally, Wedbush reiterated an “outperform” rating and issued a $130.00 price objective on shares of Wintrust Financial in a report on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Wintrust Financial presently has a consensus rating of “Moderate Buy” and an average price target of $123.00.

Wintrust Financial Trading Down 0.5 %

NASDAQ:WTFC opened at $137.29 on Tuesday. 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 Co. has a 1 year low of $88.31 and a 1 year high of $142.04. The stock has a market cap of $9.13 billion, a P/E ratio of 14.38 and a beta of 1.18. The stock has a 50-day simple moving average of $119.10 and a 200-day simple moving average of $107.54.

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

Wintrust Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Thursday, November 7th. Wintrust Financial’s payout ratio is 18.85%.

Insider Transactions at Wintrust Financial

In other Wintrust Financial news, insider Richard B. Murphy sold 4,099 shares of Wintrust Financial 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 in the company, valued at approximately $4,892,420.93. The trade was a 8.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO David A. Dykstra sold 15,492 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer now directly owns 197,591 shares in the company, valued at approximately $22,817,808.68. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,198 shares of company stock worth $2,445,314. Corporate insiders own 1.47% of the company’s stock.

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.