Wolverine Asset Management LLC Purchases New Position in Wintrust Financial Co. (NASDAQ:WTFC)

Wolverine Asset Management LLC purchased a new stake in Wintrust Financial Co. (NASDAQ:WTFC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,966 shares of the bank’s stock, valued at approximately $275,000.

Other institutional investors have also recently made changes to their positions in the company. Quent Capital LLC lifted its holdings in shares of Wintrust Financial by 120.8% in the 4th quarter. Quent Capital LLC now owns 351 shares of the bank’s stock valued at $33,000 after acquiring an additional 192 shares during the last quarter. GAMMA Investing LLC purchased a new stake in Wintrust Financial in the 4th quarter worth about $41,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Wintrust Financial in the 4th quarter worth about $46,000. Huntington National Bank raised its position in Wintrust Financial by 30.6% in the 3rd quarter. Huntington National Bank now owns 725 shares of the bank’s stock worth $55,000 after purchasing an additional 170 shares during the period. Finally, Blue Trust Inc. raised its position in Wintrust Financial by 24.5% in the 4th quarter. Blue Trust Inc. now owns 1,026 shares of the bank’s stock worth $95,000 after purchasing an additional 202 shares during the period. Institutional investors own 93.48% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Barclays reduced their price objective 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. Stephens reissued an “overweight” rating and issued a $110.00 price objective on shares of Wintrust Financial in a research report on Tuesday, April 16th. Citigroup reduced their price objective on shares of Wintrust Financial from $115.00 to $113.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Truist Financial reduced their price objective on shares of Wintrust Financial from $117.00 to $112.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Finally, Keefe, Bruyette & Woods raised their target price on shares of Wintrust Financial from $103.00 to $106.00 and gave the stock an “outperform” rating in a research report on Friday, January 19th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $112.33.

Insider Activity at Wintrust Financial

In related news, EVP Jeffrey D. Hahnfeld sold 588 shares of Wintrust Financial stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total transaction of $57,553.44. Following the transaction, the executive vice president now directly owns 3,410 shares of the company’s stock, valued at $333,770.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Wintrust Financial news, insider Edward J. Wehmer sold 9,500 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now directly owns 177,124 shares in the company, valued at $17,599,040.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jeffrey D. Hahnfeld sold 588 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total transaction of $57,553.44. Following the completion of the sale, the executive vice president now owns 3,410 shares of the company’s stock, valued at $333,770.80. The disclosure for this sale can be found here. Insiders have sold a total of 10,309 shares of company stock valued at $1,023,730 over the last ninety days. 1.47% of the stock is owned by company insiders.

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $99.01 on Friday. The firm has a market cap of $6.11 billion, a price-to-earnings ratio of 10.24 and a beta of 1.21. The company’s 50 day moving average is $98.56 and its 200 day moving average is $91.73. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.78. Wintrust Financial Co. has a 52-week low of $58.12 and a 52-week high of $105.29.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Thursday, April 18th. The bank reported $2.89 earnings per share (EPS) for the quarter, beating 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 net margin of 17.86% and a return on equity of 13.09%. Wintrust Financial’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company posted $2.80 earnings per share. On average, sell-side analysts anticipate that Wintrust Financial Co. will post 10.17 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.82%. The ex-dividend date is Wednesday, May 8th. Wintrust Financial’s payout ratio is 18.61%.

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.