26,740 Shares in Wintrust Financial Co. (NASDAQ:WTFC) Acquired by Cinctive Capital Management LP

Cinctive Capital Management LP acquired a new stake in Wintrust Financial Co. (NASDAQ:WTFC) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 26,740 shares of the bank’s stock, valued at approximately $3,335,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WTFC. Bank of Montreal Can increased its position in Wintrust Financial by 183.4% in the 3rd quarter. Bank of Montreal Can now owns 47,917 shares of the bank’s stock worth $5,106,000 after purchasing an additional 31,008 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Wintrust Financial by 4.1% during the third quarter. The Manufacturers Life Insurance Company now owns 55,020 shares of the bank’s stock valued at $5,971,000 after acquiring an additional 2,187 shares in the last quarter. BNP Paribas Financial Markets grew its position in Wintrust Financial by 708.9% in the third quarter. BNP Paribas Financial Markets now owns 17,327 shares of the bank’s stock worth $1,880,000 after acquiring an additional 15,185 shares in the last quarter. Townsquare Capital LLC acquired a new position in shares of Wintrust Financial during the 3rd quarter worth $286,000. Finally, Captrust Financial Advisors raised its holdings in shares of Wintrust Financial by 2.8% during the 3rd quarter. Captrust Financial Advisors now owns 3,859 shares of the bank’s stock valued at $419,000 after purchasing an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Insider Buying and Selling at Wintrust Financial

In related news, COO David A. Dykstra sold 4,213 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $131.31, for a total value of $553,209.03. Following the sale, the chief operating officer now owns 206,294 shares of the company’s stock, valued at $27,088,465.14. The trade was a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO David L. Stoehr sold 2,363 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $131.32, for a total transaction of $310,309.16. Following the transaction, the chief financial officer now owns 19,858 shares of the company’s stock, valued at approximately $2,607,752.56. This represents a 10.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,178 shares of company stock valued at $1,336,315 in the last 90 days. 1.47% of the stock is currently owned by company insiders.

Wintrust Financial Stock Performance

NASDAQ:WTFC opened at $114.57 on Thursday. The firm’s 50-day moving average is $121.69 and its 200-day moving average is $122.48. The company has a market cap of $7.64 billion, a price-to-earnings ratio of 11.11 and a beta of 1.16. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01. Wintrust Financial Co. has a 52-week low of $91.38 and a 52-week high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.11. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same quarter last year, the business earned $1.87 EPS. Equities research analysts anticipate that Wintrust Financial Co. will post 10.36 earnings per share for the current year.

Wintrust Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were given a $0.50 dividend. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend was Thursday, February 6th. Wintrust Financial’s dividend payout ratio (DPR) is 19.40%.

Analyst Ratings Changes

WTFC has been the subject of a number of recent research reports. Truist Financial upgraded shares of Wintrust Financial to a “strong-buy” rating in a report on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and set a $152.00 price objective on shares of Wintrust Financial in a report on Thursday, January 23rd. StockNews.com lowered Wintrust Financial from a “hold” rating to a “sell” rating in a report on Saturday, February 15th. Piper Sandler increased their price target on Wintrust Financial from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, UBS Group began coverage on shares of Wintrust Financial in a research note on Tuesday, December 17th. They issued a “buy” rating and a $157.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $133.69.

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.