Mach 1 Financial Group LLC Purchases New Position in Wintrust Financial Corporation $WTFC

Mach 1 Financial Group LLC acquired a new position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 4,305 shares of the bank’s stock, valued at approximately $602,000.

Several other institutional investors and hedge funds have also recently modified their holdings of WTFC. First Trust Advisors LP boosted its position in shares of Wintrust Financial by 5.4% during the third quarter. First Trust Advisors LP now owns 1,992,906 shares of the bank’s stock valued at $263,940,000 after buying an additional 102,833 shares during the last quarter. Earnest Partners LLC raised its position in Wintrust Financial by 0.6% in the 3rd quarter. Earnest Partners LLC now owns 1,442,018 shares of the bank’s stock valued at $190,981,000 after buying an additional 8,048 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Wintrust Financial by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,300,234 shares of the bank’s stock valued at $172,204,000 after acquiring an additional 75,155 shares in the last quarter. Bank of America Corp DE boosted its holdings in Wintrust Financial by 1.4% during the 3rd quarter. Bank of America Corp DE now owns 1,071,763 shares of the bank’s stock worth $141,944,000 after acquiring an additional 15,044 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in Wintrust Financial by 8.9% during the 3rd quarter. Jennison Associates LLC now owns 1,020,660 shares of the bank’s stock worth $135,176,000 after acquiring an additional 83,826 shares during the last quarter. 93.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Wintrust Financial

In related 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 value of $1,425,546.78. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David L. Stoehr sold 3,020 shares of the stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $150.45, for a total value of $454,359.00. Following the sale, the chief financial officer owned 13,213 shares in the company, valued at approximately $1,987,895.85. This represents a 18.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 13,099 shares of company stock worth $1,954,386. 1.24% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on WTFC shares. Citigroup increased their target price on shares of Wintrust Financial from $178.00 to $182.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Stephens started coverage on shares of Wintrust Financial in a research note on Friday, March 27th. They issued an “equal weight” rating and a $160.00 price objective for the company. Barclays lifted their target price on shares of Wintrust Financial from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Truist Financial reduced their target price on Wintrust Financial from $170.00 to $150.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Finally, UBS Group reiterated a “buy” rating and set a $176.00 price target on shares of Wintrust Financial in a report on Wednesday, February 4th. One 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $168.92.

Wintrust Financial Stock Down 0.2%

WTFC stock opened at $149.57 on Friday. The stock has a fifty day moving average of $143.08 and a 200-day moving average of $142.68. Wintrust Financial Corporation has a fifty-two week low of $114.73 and a fifty-two week high of $162.96. The company has a market capitalization of $10.09 billion, a price-to-earnings ratio of 12.54 and a beta of 0.86. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.97 and a current ratio of 0.98.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, April 20th. The bank reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.96 by $0.26. The business had revenue of $713.17 million for the quarter, compared to analysts’ expectations of $707.23 million. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.69 EPS. As a group, equities research analysts predict 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 will be paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th will be given a $0.55 dividend. 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 payout ratio is 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.