Future Fund LLC Acquires 5,810 Shares of Wintrust Financial Corporation $WTFC

Future Fund LLC raised its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 42.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,552 shares of the bank’s stock after purchasing an additional 5,810 shares during the period. Wintrust Financial accounts for 0.9% of Future Fund LLC’s portfolio, making the stock its 26th largest position. Future Fund LLC’s holdings in Wintrust Financial were worth $2,734,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. purchased a new position in Wintrust Financial during the first quarter valued at $27,000. Elyxium Wealth LLC purchased a new position in Wintrust Financial during the fourth quarter valued at $31,000. Creative Financial Designs Inc. ADV raised its stake in Wintrust Financial by 231.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock valued at $32,000 after buying an additional 160 shares during the last quarter. Harbour Investments Inc. raised its stake in Wintrust Financial by 72.7% during the fourth quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock valued at $34,000 after buying an additional 101 shares during the last quarter. Finally, State of Wyoming purchased a new position in Wintrust Financial during the second quarter valued at $41,000. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Insider Activity

In other news, CFO David L. Stoehr sold 3,020 shares of the 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 sale, the chief financial officer owned 13,213 shares in the company, valued at $1,987,895.85. This represents a 18.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Suzet M. Mckinney sold 500 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $148.96, for a total transaction of $74,480.00. Following the completion of the sale, the director owned 3,303 shares in the company, valued at $492,014.88. This represents a 13.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 13,099 shares of company stock worth $1,954,386 over the last 90 days. 1.24% of the stock is currently owned by insiders.

Wintrust Financial Trading Down 0.3%

NASDAQ:WTFC opened at $150.23 on Friday. The company’s 50 day moving average price is $145.33 and its 200-day moving average price is $143.48. Wintrust Financial Corporation has a 52 week low of $116.57 and a 52 week high of $162.96. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62. The stock has a market cap of $10.13 billion, a price-to-earnings ratio of 12.59 and a beta of 0.86.

Wintrust Financial (NASDAQ:WTFC) last posted 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. Wintrust Financial had a net margin of 20.11% and a return on equity of 13.15%. The firm had revenue of $713.17 million for the quarter, compared to analysts’ expectations of $707.23 million. During the same quarter in the prior year, the company posted $2.69 earnings per share. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, equities research 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 declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were issued a dividend of $0.55 per share. The ex-dividend date was Thursday, May 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. Wintrust Financial’s dividend payout ratio is presently 18.44%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Royal Bank Of Canada lifted their price objective on Wintrust Financial from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Barclays lifted their price objective on Wintrust Financial from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Citigroup lifted their price objective on Wintrust Financial from $178.00 to $182.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Truist Financial cut 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. Finally, Stephens assumed coverage on shares of Wintrust Financial in a report on Friday, March 27th. They set an “equal weight” rating and a $160.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $168.92.

Wintrust Financial 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.