New York Life Investment Management LLC Buys New Shares in Wintrust Financial Corporation $WTFC

New York Life Investment Management LLC bought a new stake in Wintrust Financial Corporation (NASDAQ:WTFC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,876 shares of the bank’s stock, valued at approximately $822,000.

Other hedge funds have also made changes to their positions in the company. Root Financial Partners LLC bought a new stake in shares of Wintrust Financial in the third quarter valued at about $27,000. Advisors Asset Management Inc. bought a new stake in shares of Wintrust Financial in the first quarter valued at about $27,000. State of Wyoming bought a new position in Wintrust Financial during the second quarter worth about $41,000. EverSource Wealth Advisors LLC lifted its stake in Wintrust Financial by 400.0% during the second quarter. EverSource Wealth Advisors LLC now owns 400 shares of the bank’s stock worth $50,000 after purchasing an additional 320 shares during the period. Finally, Hantz Financial Services Inc. lifted its stake in Wintrust Financial by 266.7% during the third quarter. Hantz Financial Services Inc. now owns 396 shares of the bank’s stock worth $52,000 after purchasing an additional 288 shares during the period. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Stock Performance

NASDAQ WTFC opened at $146.30 on Wednesday. The firm has a market cap of $9.87 billion, a price-to-earnings ratio of 12.26 and a beta of 0.86. The company has a 50 day moving average of $142.57 and a 200-day moving average of $142.39. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.62. Wintrust Financial Corporation has a 1-year low of $114.73 and a 1-year high of $162.96.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Monday, April 20th. The bank reported $3.22 earnings per share for the quarter, topping the consensus estimate of $2.96 by $0.26. The company 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 company’s revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the business posted $2.69 earnings per share. On average, equities analysts forecast that Wintrust Financial Corporation will post 13.07 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.44%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Truist Financial cut their price target 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. Citigroup raised their price target on shares of Wintrust Financial from $178.00 to $182.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Stephens assumed coverage on shares of Wintrust Financial in a research note on Friday, March 27th. They set an “equal weight” rating and a $160.00 price target for the company. TD Cowen raised their price target on shares of Wintrust Financial from $173.00 to $176.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Finally, DA Davidson restated a “buy” rating and set a $165.00 price target on shares of Wintrust Financial in a research note on Tuesday, April 21st. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $168.92.

Insider Transactions at Wintrust Financial

In other news, CFO David L. Stoehr sold 3,020 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The shares were 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 of the company’s stock, valued at approximately $1,987,895.85. This trade represents a 18.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO David A. Dykstra sold 9,579 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $148.82, for a total transaction of $1,425,546.78. Following the sale, the chief operating officer directly owned 179,810 shares of the company’s stock, valued at approximately $26,759,324.20. The trade was a 5.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 13,099 shares of company stock valued at $1,954,386. Corporate insiders own 1.24% of the company’s stock.

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.