iSAM Funds UK Ltd Takes $1.38 Million Position in Wintrust Financial Corporation $WTFC

iSAM Funds UK Ltd bought a new stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,434 shares of the bank’s stock, valued at approximately $1,382,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Advisors Asset Management Inc. purchased a new position in Wintrust Financial during the 1st quarter valued at $27,000. Jones Financial Companies Lllp raised its holdings in Wintrust Financial by 49.0% in the 1st quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank’s stock worth $115,000 after purchasing an additional 335 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Wintrust Financial by 7.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 179,430 shares of the bank’s stock worth $20,179,000 after purchasing an additional 12,103 shares during the period. Savant Capital LLC boosted its stake in shares of Wintrust Financial by 201.9% during the 2nd quarter. Savant Capital LLC now owns 6,060 shares of the bank’s stock valued at $751,000 after purchasing an additional 4,053 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of Wintrust Financial by 4.7% during the 2nd quarter. ProShare Advisors LLC now owns 2,967 shares of the bank’s stock valued at $368,000 after purchasing an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wintrust Financial Trading Down 1.0%

NASDAQ:WTFC opened at $130.21 on Friday. The stock has a market cap of $8.76 billion, a price-to-earnings ratio of 11.42 and a beta of 0.85. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The company’s 50 day moving average price is $147.82 and its 200-day moving average price is $138.83. Wintrust Financial Corporation has a 52 week low of $89.10 and a 52 week high of $162.96.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Tuesday, January 20th. The bank reported $3.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.93 by $0.22. The company had revenue of $714.26 million during the quarter, compared to analyst estimates of $700.85 million. Wintrust Financial had a net margin of 19.48% and a return on equity of 12.95%. During the same period in the previous year, the business earned $2.63 EPS. On average, equities research analysts forecast that Wintrust Financial Corporation will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th were paid a $0.55 dividend. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.50. This represents a $2.20 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Thursday, February 5th. Wintrust Financial’s dividend payout ratio (DPR) is presently 19.30%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Truist Financial boosted their price target on shares of Wintrust Financial from $158.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Royal Bank Of Canada lifted their price objective on Wintrust Financial from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, January 22nd. Stephens upped their target price on Wintrust Financial from $158.00 to $162.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. TD Cowen increased their target price on Wintrust Financial from $170.00 to $177.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, UBS Group restated a “buy” rating and issued a $176.00 target price on shares of Wintrust Financial in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $165.31.

Insider Transactions at Wintrust Financial

In other news, EVP Kathleen M. Boege sold 5,000 shares of the company’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $146.38, for a total transaction of $731,900.00. Following the transaction, the executive vice president directly owned 22,883 shares of the company’s stock, valued at $3,349,613.54. This represents a 17.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David Eric Lee sold 558 shares of the stock in a transaction on Friday, January 30th. The shares were sold at an average price of $147.42, for a total value of $82,260.36. Following the sale, the insider directly owned 16,085 shares in the company, valued at $2,371,250.70. This trade represents a 3.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 11,662 shares of company stock valued at $1,705,730. Insiders own 1.01% of the company’s stock.

About Wintrust Financial

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.