SG Americas Securities LLC Has $12.83 Million Stock Position in Wintrust Financial Corporation $WTFC

SG Americas Securities LLC boosted its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 78.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 92,333 shares of the bank’s stock after buying an additional 40,696 shares during the quarter. SG Americas Securities LLC’s holdings in Wintrust Financial were worth $12,829,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of WTFC. Advisors Asset Management Inc. acquired a new position in shares of Wintrust Financial during the 1st quarter worth approximately $27,000. Elyxium Wealth LLC bought a new stake in shares of Wintrust Financial during the 4th quarter worth approximately $31,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of Wintrust Financial by 231.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock valued at $32,000 after buying an additional 160 shares during the last quarter. Harbour Investments Inc. boosted its holdings in shares of Wintrust Financial by 72.7% in the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock valued at $34,000 after buying an additional 101 shares during the last quarter. Finally, Strive Financial Group LLC bought a new position in shares of Wintrust Financial in the fourth quarter valued at $39,000. 93.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on WTFC. DA Davidson restated a “buy” rating and set a $165.00 target price on shares of Wintrust Financial in a report on Tuesday, April 21st. Barclays lifted their price objective on shares of Wintrust Financial from $185.00 to $190.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Piper Sandler restated an “overweight” rating and set a $188.00 price objective (up from $184.00) on shares of Wintrust Financial in a research note on Wednesday, April 22nd. TD Cowen upped their target price on shares of Wintrust Financial from $173.00 to $176.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Finally, Truist Financial cut their target price on shares of Wintrust Financial from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $168.92.

Wintrust Financial Stock Performance

Shares of NASDAQ WTFC opened at $161.31 on Friday. 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 stock’s fifty day moving average price is $151.50 and its two-hundred day moving average price is $146.71. Wintrust Financial Corporation has a one year low of $119.61 and a one year high of $163.36. The firm has a market cap of $10.88 billion, a price-to-earnings ratio of 13.52 and a beta of 0.84.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Monday, April 20th. The bank reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.96 by $0.26. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.The company had revenue of $713.17 million during the quarter, compared to the consensus estimate of $707.23 million. During the same quarter last year, the firm earned $2.69 earnings per share. The company’s revenue was up 10.9% on a year-over-year basis. On average, equities analysts forecast that Wintrust Financial Corporation will post 13.09 EPS for the current year.

Wintrust Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were paid a $0.55 dividend. The ex-dividend date was Thursday, May 14th. This represents a $2.20 annualized dividend and a yield of 1.4%. Wintrust Financial’s payout ratio is 18.44%.

Insiders Place Their Bets

In other news, COO David A. Dykstra sold 9,579 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $148.82, for a total transaction of $1,425,546.78. Following the transaction, the chief operating officer directly owned 179,810 shares of the company’s stock, valued at approximately $26,759,324.20. This trade represents a 5.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Suzet M. Mckinney sold 500 shares of Wintrust Financial stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $148.96, for a total transaction of $74,480.00. Following the completion of the sale, the director owned 3,303 shares of the company’s stock, valued at approximately $492,014.88. The trade was a 13.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 13,099 shares of company stock worth $1,954,386 in the last quarter. 1.24% of the stock is currently owned by corporate insiders.

Wintrust Financial 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.