Louisiana State Employees Retirement System Acquires New Shares in Wintrust Financial Corporation $WTFC

Louisiana State Employees Retirement System acquired a new position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 19,400 shares of the bank’s stock, valued at approximately $2,695,000.

Other large investors also recently bought and sold shares of the company. Choreo LLC increased its position in shares of Wintrust Financial by 3.4% in the fourth quarter. Choreo LLC now owns 2,121 shares of the bank’s stock valued at $299,000 after buying an additional 69 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Wintrust Financial by 4.6% in the 4th quarter. GAMMA Investing LLC now owns 1,755 shares of the bank’s stock worth $245,000 after buying an additional 77 shares in the last quarter. Quadrant Capital Group LLC grew its stake in Wintrust Financial by 0.9% in the 4th quarter. Quadrant Capital Group LLC now owns 8,914 shares of the bank’s stock valued at $1,246,000 after acquiring an additional 83 shares during the last quarter. Cresset Asset Management LLC grew its stake in Wintrust Financial by 2.4% in the 3rd quarter. Cresset Asset Management LLC now owns 3,730 shares of the bank’s stock valued at $494,000 after acquiring an additional 88 shares during the last quarter. Finally, Savant Capital LLC increased its holdings in Wintrust Financial by 1.4% during the 4th quarter. Savant Capital LLC now owns 6,748 shares of the bank’s stock valued at $944,000 after acquiring an additional 95 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Insider Buying and Selling

In other Wintrust Financial news, Director Suzet M. Mckinney sold 500 shares of Wintrust Financial stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $148.96, for a total value of $74,480.00. Following the completion of the sale, the director directly owned 3,303 shares of the company’s stock, valued at approximately $492,014.88. The trade was a 13.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David L. Stoehr sold 3,020 shares of the business’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $150.45, for a total value of $454,359.00. Following the completion of the transaction, the chief financial officer owned 13,213 shares of the company’s stock, valued at $1,987,895.85. This trade represents a 18.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 13,099 shares of company stock worth $1,954,386. 1.24% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

WTFC has been the subject of a number of research reports. Royal Bank Of Canada lifted their target price on shares of Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Stephens initiated coverage on shares of Wintrust Financial in a research report on Friday, March 27th. They issued an “equal weight” rating and a $160.00 price target on the stock. Piper Sandler restated an “overweight” rating and set a $188.00 price objective (up from $184.00) on shares of Wintrust Financial in a research report on Wednesday, April 22nd. Barclays lifted their price objective on Wintrust Financial from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Finally, DA Davidson reiterated a “buy” rating and set a $165.00 target price on shares of Wintrust Financial in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.92.

Wintrust Financial Price Performance

NASDAQ:WTFC opened at $161.31 on Monday. The firm has a market cap of $10.88 billion, a price-to-earnings ratio of 13.52 and a beta of 0.85. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.62. The company’s 50-day moving average is $151.50 and its two-hundred day moving average is $146.77. Wintrust Financial Corporation has a 12-month low of $119.61 and a 12-month high of $163.36.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Monday, April 20th. The bank reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.96 by $0.26. The company had revenue of $713.17 million for the quarter, compared to analysts’ expectations of $707.23 million. Wintrust Financial had a net margin of 20.11% and a return on equity of 13.15%. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the company earned $2.69 EPS. Research analysts expect that Wintrust Financial Corporation will post 13.09 EPS for the current year.

Wintrust Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were given a dividend of $0.55 per share. The ex-dividend date was Thursday, May 14th. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. Wintrust Financial’s dividend payout ratio (DPR) is 18.44%.

Wintrust Financial Profile

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.