Global Alpha Capital Management Ltd. Sells 16,919 Shares of Wintrust Financial Corporation $WTFC

Global Alpha Capital Management Ltd. decreased its holdings in Wintrust Financial Corporation (NASDAQ:WTFC) by 6.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 236,284 shares of the bank’s stock after selling 16,919 shares during the quarter. Wintrust Financial accounts for approximately 2.0% of Global Alpha Capital Management Ltd.’s investment portfolio, making the stock its 24th biggest holding. Global Alpha Capital Management Ltd.’s holdings in Wintrust Financial were worth $33,037,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Elyxium Wealth LLC bought a new position in Wintrust Financial in the 4th quarter valued at about $31,000. Creative Financial Designs Inc. ADV lifted its position in 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 acquiring an additional 160 shares in the last quarter. Advisors Asset Management Inc. bought a new position in Wintrust Financial in the 1st quarter valued at about $27,000. Harbour Investments Inc. lifted its position in 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 acquiring an additional 101 shares in the last quarter. Finally, State of Wyoming bought a new position in shares of Wintrust Financial during the 2nd quarter worth approximately $41,000. Institutional investors own 93.48% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on WTFC shares. Stephens started coverage on shares of Wintrust Financial in a research report on Friday, March 27th. They set an “equal weight” rating and a $160.00 target price on the stock. Citigroup lifted their price target on shares of Wintrust Financial from $178.00 to $182.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Truist Financial lowered their price target on shares of Wintrust Financial from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. TD Cowen lifted their price target on shares of Wintrust Financial from $173.00 to $176.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Finally, Barclays lifted their price target on shares of Wintrust Financial from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $168.92.

Insider Activity

In other news, Director Suzet M. Mckinney sold 500 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $148.96, for a total value of $74,480.00. Following the completion of the sale, the director directly owned 3,303 shares of the company’s stock, valued at approximately $492,014.88. This trade represents a 13.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO David L. Stoehr sold 3,020 shares of the company’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $150.45, for a total transaction of $454,359.00. Following the completion of the sale, the chief financial officer owned 13,213 shares in the company, valued at approximately $1,987,895.85. This trade represents a 18.60% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 13,099 shares of company stock valued at $1,954,386. Insiders own 1.24% of the company’s stock.

Wintrust Financial Price Performance

Shares of NASDAQ WTFC opened at $152.90 on Friday. The stock has a market cap of $10.31 billion, a PE ratio of 12.82 and a beta of 0.84. Wintrust Financial Corporation has a fifty-two week low of $116.57 and a fifty-two week high of $162.96. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.97 and a current ratio of 0.98. The stock has a fifty day moving average of $146.87 and a 200-day moving average of $144.19.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Monday, April 20th. The bank reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $2.96 by $0.26. The firm had revenue of $713.17 million during the quarter, compared to analyst estimates of $707.23 million. Wintrust Financial had a net margin of 20.11% and a return on equity of 13.15%. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.69 EPS. Equities research analysts anticipate that Wintrust Financial Corporation will post 13.07 earnings per share for the current year.

Wintrust Financial Announces Dividend

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

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.