3,843 Shares in Wintrust Financial Corporation $WTFC Acquired by Entropy Technologies LP

Entropy Technologies LP acquired a new stake in Wintrust Financial Corporation (NASDAQ:WTFC) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 3,843 shares of the bank’s stock, valued at approximately $534,000.

A number of other institutional investors have also recently made changes to their positions in WTFC. First Trust Advisors LP increased its stake in shares of Wintrust Financial by 26.6% in the first quarter. First Trust Advisors LP now owns 1,830,268 shares of the bank’s stock worth $254,297,000 after buying an additional 385,069 shares during the period. Geode Capital Management LLC increased its position in shares of Wintrust Financial by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,273,042 shares of the bank’s stock valued at $178,038,000 after acquiring an additional 16,997 shares during the period. Bank of America Corp DE increased its position in shares of Wintrust Financial by 1.4% in the third quarter. Bank of America Corp DE now owns 1,071,763 shares of the bank’s stock valued at $141,944,000 after acquiring an additional 15,044 shares during the period. Wellington Management Group LLP raised its stake in shares of Wintrust Financial by 22.2% during the fourth quarter. Wellington Management Group LLP now owns 832,352 shares of the bank’s stock valued at $116,379,000 after acquiring an additional 151,385 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Wintrust Financial during the fourth quarter valued at about $111,924,000. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Truist Financial boosted their price target on Wintrust Financial from $170.00 to $183.00 and gave the company a “buy” rating in a report on Friday, July 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Wintrust Financial in a report on Monday, June 29th. Barclays boosted their target price on Wintrust Financial from $190.00 to $192.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Piper Sandler set a $186.00 target price on Wintrust Financial in a report on Wednesday, July 22nd. Finally, Royal Bank Of Canada raised their price target on Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.77.

Insider Transactions at Wintrust Financial

In other news, Director Suzet M. Mckinney sold 500 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $148.96, for a total value of $74,480.00. Following the transaction, the director owned 3,303 shares in the company, valued at approximately $492,014.88. This represents a 13.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.24% of the company’s stock.

Wintrust Financial Trading Down 1.2%

Shares of NASDAQ WTFC opened at $159.21 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97. The firm has a 50-day moving average of $157.17 and a 200 day moving average of $149.79. Wintrust Financial Corporation has a 1 year low of $119.61 and a 1 year high of $167.21. The stock has a market cap of $10.74 billion, a P/E ratio of 12.79 and a beta of 0.84.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Monday, July 20th. The bank reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.15. The firm had revenue of $738.63 million during the quarter, compared to the consensus estimate of $735.36 million. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The company’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the company earned $2.78 earnings per share. As a group, sell-side analysts expect that Wintrust Financial Corporation will post 13.04 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $2.20 annualized dividend and a yield of 1.4%. Wintrust Financial’s payout ratio is 17.67%.

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.