Jupiter Topco LLC Takes Position in Wintrust Financial Corporation $WTFC

Jupiter Topco LLC purchased a new stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 576,999 shares of the bank’s stock, valued at approximately $92,734,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Simplicity Wealth LLC purchased a new stake in Wintrust Financial during the 2nd quarter valued at about $866,000. Deutsche Bank AG purchased a new position in Wintrust Financial in the second quarter worth about $8,320,000. GSA Capital Partners LLP bought a new position in shares of Wintrust Financial in the second quarter worth approximately $1,437,000. F m Investments LLC lifted its stake in shares of Wintrust Financial by 61.6% in the fourth quarter. F m Investments LLC now owns 70,857 shares of the bank’s stock worth $9,907,000 after buying an additional 27,013 shares in the last quarter. Finally, Westfield Capital Management Co. LP grew its holdings in shares of Wintrust Financial by 22.5% during the fourth quarter. Westfield Capital Management Co. LP now owns 559,762 shares of the bank’s stock valued at $78,266,000 after buying an additional 102,798 shares during the last quarter. 93.48% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Wintrust Financial

In related news, COO David A. Dykstra sold 13,515 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $162.77, for a total value of $2,199,836.55. Following the transaction, the chief operating officer directly owned 166,449 shares of the company’s stock, valued at approximately $27,092,903.73. The trade was a 7.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.24% of the company’s stock.

Analyst Upgrades and Downgrades

WTFC has been the subject of several analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Wintrust Financial in a research report on Monday, June 29th. Brean Capital lowered Wintrust Financial from a “buy” rating to a “neutral” rating and set a $170.00 target price for the company. in a research report on Tuesday, July 21st. Truist Financial raised their price target on shares of Wintrust Financial from $170.00 to $183.00 and gave the company a “buy” rating in a report on Friday, July 10th. Barclays lifted their price target on shares of Wintrust Financial from $190.00 to $192.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 7th. Finally, UBS Group reissued a “neutral” rating and set a $170.00 price objective on shares of Wintrust Financial in a report on Tuesday, July 7th. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.77.

Wintrust Financial Trading Up 1.3%

Shares of WTFC stock opened at $153.10 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97. The firm has a fifty day moving average price of $159.56 and a 200-day moving average price of $151.22. The company has a market cap of $10.33 billion, a price-to-earnings ratio of 12.30 and a beta of 0.85. Wintrust Financial Corporation has a 1 year low of $119.61 and a 1 year high of $167.21.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Monday, July 20th. The bank reported $3.30 EPS for the quarter, topping the consensus estimate of $3.15 by $0.15. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The firm had revenue of $738.63 million for the quarter, compared to the consensus estimate of $735.36 million. During the same quarter last year, the company earned $2.78 earnings per share. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, equities analysts predict that Wintrust Financial Corporation will post 13.04 earnings per share for the current year.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. Wintrust Financial’s dividend payout ratio (DPR) is currently 17.67%.

Wintrust Financial Company 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.