Mutual of America Capital Management LLC Sells 9,265 Shares of Wintrust Financial Corporation $WTFC

Mutual of America Capital Management LLC lessened its stake in Wintrust Financial Corporation (NASDAQ:WTFC) by 9.4% during the third quarter, Holdings Channel reports. The firm owned 89,232 shares of the bank’s stock after selling 9,265 shares during the period. Mutual of America Capital Management LLC’s holdings in Wintrust Financial were worth $11,818,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its holdings in shares of Wintrust Financial by 4.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 200,710 shares of the bank’s stock valued at $26,413,000 after purchasing an additional 8,758 shares during the last quarter. REAP Financial Group LLC grew its position in Wintrust Financial by 196.0% in the 2nd quarter. REAP Financial Group LLC now owns 296 shares of the bank’s stock worth $37,000 after purchasing an additional 196 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in Wintrust Financial by 12.1% in the 2nd quarter. Westwood Holdings Group Inc. now owns 225,183 shares of the bank’s stock valued at $27,918,000 after buying an additional 24,305 shares during the last quarter. Norges Bank bought a new position in shares of Wintrust Financial during the 2nd quarter worth approximately $87,418,000. Finally, Albert D Mason Inc. boosted its stake in shares of Wintrust Financial by 241.7% in the 3rd quarter. Albert D Mason Inc. now owns 14,609 shares of the bank’s stock worth $1,935,000 after buying an additional 10,333 shares during the last quarter. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Price Performance

Shares of NASDAQ:WTFC opened at $146.44 on Tuesday. The firm has a market capitalization of $9.81 billion, a PE ratio of 12.85 and a beta of 0.88. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average price of $140.74 and a two-hundred day moving average price of $134.40. Wintrust Financial Corporation has a twelve month low of $89.10 and a twelve month high of $155.99.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Tuesday, January 20th. The bank reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. Wintrust Financial had a net margin of 19.48% and a return on equity of 12.95%. The company had revenue of $586.67 million for the quarter, compared to analysts’ expectations of $700.85 million. During the same period in the prior year, the company posted $2.63 EPS. Equities analysts forecast that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Wintrust Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.50. The ex-dividend date is Thursday, February 5th. Wintrust Financial’s dividend payout ratio (DPR) is presently 17.54%.

Wall Street Analyst Weigh In

A number of analysts recently commented on WTFC shares. DA Davidson increased their price target on Wintrust Financial from $165.00 to $172.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. TD Cowen lifted their target price on Wintrust Financial from $170.00 to $177.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Truist Financial increased their price target on shares of Wintrust Financial from $158.00 to $170.00 and gave the company a “buy” rating in a research report on Monday. Royal Bank Of Canada raised their price objective on shares of Wintrust Financial from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Barclays boosted their target price on shares of Wintrust Financial from $178.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $164.42.

About Wintrust Financial

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.