Wintrust Financial Co. (NASDAQ:WTFC) Stock Holdings Increased by Alpha DNA Investment Management LLC

Alpha DNA Investment Management LLC raised its position in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 19.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,629 shares of the bank’s stock after buying an additional 746 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in Wintrust Financial were worth $502,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in WTFC. Versant Capital Management Inc lifted its stake in Wintrust Financial by 825.0% during the second quarter. Versant Capital Management Inc now owns 296 shares of the bank’s stock worth $29,000 after purchasing an additional 264 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Wintrust Financial in the 3rd quarter worth about $35,000. UMB Bank n.a. lifted its position in shares of Wintrust Financial by 62.0% in the 3rd quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock worth $56,000 after buying an additional 196 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Wintrust Financial by 77.9% in the 3rd quarter. Covestor Ltd now owns 653 shares of the bank’s stock valued at $71,000 after buying an additional 286 shares during the period. Finally, GAMMA Investing LLC raised its stake in Wintrust Financial by 62.6% during the second quarter. GAMMA Investing LLC now owns 818 shares of the bank’s stock worth $81,000 after acquiring an additional 315 shares during the period. Institutional investors and hedge funds own 93.48% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on WTFC. Citigroup lifted their target price on Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Wedbush restated an “outperform” rating and set a $130.00 price objective on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Truist Financial raised their target price on Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Raymond James upped their price target on shares of Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 23rd. Finally, DA Davidson lifted their price objective on shares of Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $123.00.

Insider Activity at Wintrust Financial

In related news, insider Richard B. Murphy sold 4,099 shares of Wintrust Financial stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total transaction of $473,967.37. Following the completion of the sale, the insider now owns 42,311 shares of the company’s stock, valued at approximately $4,892,420.93. This trade represents a 8.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO David A. Dykstra sold 15,492 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total value of $1,789,016.16. Following the completion of the transaction, the chief operating officer now directly owns 197,591 shares in the company, valued at approximately $22,817,808.68. The trade was a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,198 shares of company stock worth $2,445,314 in the last quarter. 1.47% of the stock is owned by company insiders.

Wintrust Financial Price Performance

Shares of NASDAQ:WTFC opened at $137.08 on Friday. The stock has a market cap of $9.11 billion, a price-to-earnings ratio of 14.35 and a beta of 1.15. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 1.01. Wintrust Financial Co. has a 12 month low of $82.90 and a 12 month high of $137.32. The stock’s 50 day moving average price is $116.10 and its 200 day moving average price is $106.23.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The firm had revenue of $615.73 million during the quarter, compared to the consensus estimate of $623.45 million. During the same period in the prior year, the firm posted $2.53 EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. Equities research analysts anticipate that Wintrust Financial Co. will post 10.12 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, November 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.31%. Wintrust Financial’s dividend payout ratio (DPR) is 18.85%.

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.