Rehmann Capital Advisory Group Purchases New Shares in Wintrust Financial Corporation $WTFC

Rehmann Capital Advisory Group purchased a new stake in Wintrust Financial Corporation (NASDAQ:WTFC) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,715 shares of the bank’s stock, valued at approximately $213,000.

Several other large investors have also added to or reduced their stakes in the stock. Louisiana State Employees Retirement System boosted its holdings in Wintrust Financial by 0.5% in the first quarter. Louisiana State Employees Retirement System now owns 18,600 shares of the bank’s stock valued at $2,092,000 after acquiring an additional 100 shares in the last quarter. Securian Asset Management Inc. boosted its holdings in shares of Wintrust Financial by 2.0% during the 1st quarter. Securian Asset Management Inc. now owns 5,098 shares of the bank’s stock valued at $573,000 after buying an additional 100 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Wintrust Financial by 52.9% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 289 shares of the bank’s stock valued at $36,000 after buying an additional 100 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Wintrust Financial by 20.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 601 shares of the bank’s stock valued at $74,000 after buying an additional 102 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Wintrust Financial by 12.2% during the 2nd quarter. UMB Bank n.a. now owns 978 shares of the bank’s stock valued at $121,000 after buying an additional 106 shares in the last quarter. Institutional investors own 93.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. TD Cowen assumed coverage on shares of Wintrust Financial in a report on Thursday, September 25th. They set a “buy” rating and a $166.00 target price on the stock. Piper Sandler restated an “overweight” rating and set a $161.00 target price (up previously from $160.00) on shares of Wintrust Financial in a report on Wednesday. DA Davidson restated a “buy” rating and set a $158.00 target price on shares of Wintrust Financial in a report on Tuesday. Truist Financial boosted their target price on shares of Wintrust Financial from $151.00 to $158.00 and gave the company a “buy” rating in a report on Thursday. Finally, Jefferies Financial Group dropped their target price on shares of Wintrust Financial from $165.00 to $160.00 and set a “buy” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $152.92.

Insider Transactions at Wintrust Financial

In related news, COO David A. Dykstra sold 14,942 shares of the company’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $131.53, for a total value of $1,965,321.26. Following the transaction, the chief operating officer owned 182,208 shares in the company, valued at $23,965,818.24. The trade was a 7.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.01% of the stock is currently owned by insiders.

Wintrust Financial Stock Performance

Shares of Wintrust Financial stock opened at $129.04 on Friday. The stock has a market cap of $8.64 billion, a price-to-earnings ratio of 11.86 and a beta of 0.83. The firm’s 50-day moving average is $132.48 and its 200 day moving average is $124.62. Wintrust Financial Corporation has a 1 year low of $89.10 and a 1 year high of $142.04. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 1.01.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Monday, October 20th. The bank reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $0.43. The company had revenue of $697.84 million for the quarter, compared to analysts’ expectations of $689.10 million. Wintrust Financial had a net margin of 18.85% and a return on equity of 13.05%. During the same quarter in the previous year, the business posted $2.47 EPS. Sell-side analysts anticipate that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 6th will be paid a $0.50 dividend. The ex-dividend date is Thursday, November 6th. This represents a $2.00 dividend on an annualized basis and a yield of 1.5%. Wintrust Financial’s payout ratio is presently 18.38%.

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.