Wintrust Financial Co. (NASDAQ:WTFC) Stake Boosted by Amalgamated Bank

Amalgamated Bank increased its position in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 10.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,063 shares of the bank’s stock after acquiring an additional 4,192 shares during the period. Amalgamated Bank owned about 0.07% of Wintrust Financial worth $3,994,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its stake in shares of Wintrust Financial by 2,131.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 73,913 shares of the bank’s stock valued at $6,855,000 after buying an additional 70,601 shares in the last quarter. UBS Group AG increased its stake in shares of Wintrust Financial by 61.3% during the 3rd quarter. UBS Group AG now owns 32,210 shares of the bank’s stock worth $2,432,000 after purchasing an additional 12,243 shares during the last quarter. abrdn plc raised its holdings in shares of Wintrust Financial by 24.6% during the 3rd quarter. abrdn plc now owns 344,631 shares of the bank’s stock valued at $26,020,000 after purchasing an additional 68,042 shares in the last quarter. Boston Partners lifted its stake in shares of Wintrust Financial by 13.4% in the 3rd quarter. Boston Partners now owns 644,050 shares of the bank’s stock valued at $48,549,000 after purchasing an additional 75,994 shares during the last quarter. Finally, Oliver Luxxe Assets LLC acquired a new stake in shares of Wintrust Financial in the 3rd quarter valued at $476,000. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wintrust Financial Stock Up 0.5 %

NASDAQ WTFC opened at $100.74 on Thursday. Wintrust Financial Co. has a twelve month low of $59.85 and a twelve month high of $105.29. The stock has a market cap of $6.22 billion, a PE ratio of 10.42 and a beta of 1.21. The firm has a 50-day simple moving average of $99.00 and a 200 day simple moving average of $93.08. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.97 and a current ratio of 0.98.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Thursday, April 18th. The bank reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.47. The company had revenue of $604.77 million for the quarter, compared to analyst estimates of $577.80 million. Wintrust Financial had a return on equity of 13.09% and a net margin of 17.86%. Wintrust Financial’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.80 EPS. On average, research analysts forecast that Wintrust Financial Co. will post 10.17 EPS for the current year.

Wintrust Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Wednesday, May 8th. Wintrust Financial’s dividend payout ratio is 18.61%.

Analyst Ratings Changes

Several research firms have weighed in on WTFC. Raymond James raised their target price on Wintrust Financial from $95.00 to $115.00 and gave the company a “strong-buy” rating in a report on Friday, January 19th. Wedbush restated an “outperform” rating and issued a $116.00 target price on shares of Wintrust Financial in a report on Thursday, April 18th. Royal Bank of Canada upped their target price on Wintrust Financial from $109.00 to $116.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. Barclays dropped their price target on shares of Wintrust Financial from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Finally, StockNews.com upgraded shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Wintrust Financial has an average rating of “Buy” and a consensus price target of $112.33.

Insider Transactions at Wintrust Financial

In related news, insider Edward J. Wehmer sold 9,500 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total value of $943,920.00. Following the completion of the transaction, the insider now owns 177,124 shares of the company’s stock, valued at $17,599,040.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.47% of the stock is owned by insiders.

Wintrust Financial 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.