Mutual of America Capital Management LLC Buys 1,718 Shares of Wintrust Financial Corporation $WTFC

Mutual of America Capital Management LLC raised its stake in Wintrust Financial Corporation (NASDAQ:WTFC) by 1.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 98,497 shares of the bank’s stock after buying an additional 1,718 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Wintrust Financial were worth $12,212,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Earnest Partners LLC raised its position in shares of Wintrust Financial by 7.4% in the 1st quarter. Earnest Partners LLC now owns 1,410,773 shares of the bank’s stock valued at $158,656,000 after acquiring an additional 97,587 shares during the period. Invesco Ltd. increased its stake in Wintrust Financial by 2.7% in the first quarter. Invesco Ltd. now owns 1,128,724 shares of the bank’s stock valued at $126,936,000 after purchasing an additional 30,018 shares in the last quarter. Northern Trust Corp raised its holdings in Wintrust Financial by 20.2% in the first quarter. Northern Trust Corp now owns 852,583 shares of the bank’s stock worth $95,881,000 after purchasing an additional 143,401 shares during the period. Jennison Associates LLC boosted its position in shares of Wintrust Financial by 53.3% during the first quarter. Jennison Associates LLC now owns 807,390 shares of the bank’s stock worth $90,799,000 after purchasing an additional 280,568 shares in the last quarter. Finally, Reinhart Partners LLC. grew its holdings in shares of Wintrust Financial by 12.2% in the 2nd quarter. Reinhart Partners LLC. now owns 751,481 shares of the bank’s stock valued at $93,170,000 after buying an additional 81,763 shares during the period. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Wintrust Financial

In related news, COO David A. Dykstra sold 14,942 shares of Wintrust Financial stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $131.53, for a total value of $1,965,321.26. Following the sale, the chief operating officer owned 182,208 shares of the company’s stock, valued at approximately $23,965,818.24. The trade was a 7.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward J. Wehmer bought 3,919 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The shares were bought at an average price of $26.35 per share, for a total transaction of $103,265.65. Following the acquisition, the insider directly owned 3,919 shares of the company’s stock, valued at $103,265.65. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 1.01% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on WTFC. Cowen started coverage on Wintrust Financial in a research note on Wednesday, September 24th. They set a “buy” rating on the stock. Piper Sandler restated an “overweight” rating and issued a $160.00 price target (up from $141.00) on shares of Wintrust Financial in a report on Wednesday, July 23rd. Wall Street Zen upgraded Wintrust Financial from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. TD Cowen started coverage on Wintrust Financial in a research report on Thursday, September 25th. They issued a “buy” rating and a $166.00 price objective for the company. Finally, Royal Bank Of Canada raised their target price on shares of Wintrust Financial from $137.00 to $158.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.57.

Wintrust Financial Stock Up 2.1%

NASDAQ:WTFC opened at $122.74 on Monday. The stock has a 50-day simple moving average of $132.41 and a 200 day simple moving average of $123.92. Wintrust Financial Corporation has a 52-week low of $89.10 and a 52-week high of $142.04. The company has a market cap of $8.22 billion, a PE ratio of 11.61 and a beta of 0.83. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, July 21st. The bank reported $2.78 EPS for the quarter, beating the consensus estimate of $2.59 by $0.19. The firm had revenue of $670.78 million for the quarter, compared to analysts’ expectations of $661.43 million. Wintrust Financial had a return on equity of 12.08% and a net margin of 18.06%.During the same quarter in the previous year, the business posted $2.32 EPS. On average, sell-side analysts expect that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $2.00 dividend on an annualized basis and a yield of 1.6%. Wintrust Financial’s dividend payout ratio (DPR) is 18.92%.

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.