Forum Financial Management LP Purchases 280 Shares of Wintrust Financial Corporation $WTFC

Forum Financial Management LP boosted its position in Wintrust Financial Corporation (NASDAQ:WTFC) by 4.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,374 shares of the bank’s stock after acquiring an additional 280 shares during the period. Forum Financial Management LP’s holdings in Wintrust Financial were worth $790,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in shares of Wintrust Financial by 43.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 349,983 shares of the bank’s stock worth $39,359,000 after purchasing an additional 105,754 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in shares of Wintrust Financial by 7.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,426 shares of the bank’s stock worth $273,000 after purchasing an additional 165 shares during the period. Capstone Financial Advisors Inc. purchased a new stake in shares of Wintrust Financial in the 1st quarter worth about $297,000. Cetera Investment Advisers lifted its position in shares of Wintrust Financial by 24.5% in the 1st quarter. Cetera Investment Advisers now owns 19,663 shares of the bank’s stock worth $2,211,000 after purchasing an additional 3,873 shares during the period. Finally, LPL Financial LLC lifted its position in shares of Wintrust Financial by 151.7% in the 1st quarter. LPL Financial LLC now owns 40,220 shares of the bank’s stock worth $4,523,000 after purchasing an additional 24,240 shares during the period. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Trading Up 0.1%

Shares of NASDAQ WTFC opened at $126.10 on Friday. Wintrust Financial Corporation has a 1 year low of $89.10 and a 1 year high of $142.04. The stock has a market cap of $8.44 billion, a P/E ratio of 11.59 and a beta of 0.83. The firm has a 50-day moving average of $132.44 and a 200 day moving average of $124.39. 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 issued its quarterly earnings results on Monday, October 20th. The bank reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.63 by $0.43. The company had revenue of $697.84 million during 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 period last year, the company posted $2.47 EPS. As a group, sell-side analysts expect that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $2.00 annualized dividend and a yield of 1.6%. Wintrust Financial’s payout ratio is 18.38%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on WTFC. 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 research report on Wednesday, July 23rd. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $157.00 target price (up from $155.00) on shares of Wintrust Financial in a research report on Wednesday, July 23rd. DA Davidson reaffirmed a “buy” rating and issued a $158.00 target price on shares of Wintrust Financial in a research report on Tuesday. Weiss Ratings reissued a “buy (b-)” rating on shares of Wintrust Financial in a research report on Wednesday, October 8th. Finally, Truist Financial lifted their price target on shares of Wintrust Financial from $151.00 to $158.00 and gave the company a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $152.92.

Insider Transactions at Wintrust Financial

In other Wintrust Financial news, COO David A. Dykstra sold 14,942 shares of Wintrust Financial 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 completion of the transaction, the chief operating officer directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.01% of the company’s stock.

Wintrust Financial Company 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.