OP Asset Management Ltd Acquires New Shares in Wintrust Financial Corporation $WTFC

OP Asset Management Ltd acquired a new position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,560 shares of the bank’s stock, valued at approximately $773,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Elyxium Wealth LLC bought a new stake in shares of Wintrust Financial during the fourth quarter worth about $31,000. Creative Financial Designs Inc. ADV raised its holdings 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 buying an additional 160 shares during the last quarter. Advisors Asset Management Inc. bought a new position in Wintrust Financial in the 1st quarter valued at approximately $27,000. Harbour Investments Inc. boosted its position in Wintrust Financial by 72.7% during the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock worth $34,000 after buying an additional 101 shares during the period. Finally, Strive Financial Group LLC acquired a new stake in Wintrust Financial during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

Insiders Place Their Bets

In other news, CFO David L. Stoehr sold 3,020 shares of the company’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $150.45, for a total transaction of $454,359.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO David A. Dykstra sold 9,579 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $148.82, for a total transaction of $1,425,546.78. Following the transaction, the chief operating officer owned 179,810 shares in the company, valued at $26,759,324.20. This represents a 5.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 13,099 shares of company stock worth $1,954,386. 1.24% of the stock is currently owned by company insiders.

Wintrust Financial Price Performance

Shares of WTFC opened at $160.72 on Wednesday. The firm has a market cap of $10.84 billion, a PE ratio of 13.47 and a beta of 0.84. Wintrust Financial Corporation has a 52-week low of $119.61 and a 52-week high of $163.36. The business’s 50 day moving average price is $152.05 and its two-hundred day moving average price is $147.08. 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 EPS 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 the consensus estimate of $707.23 million. Wintrust Financial had a net margin of 20.11% and a return on equity of 13.15%. The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.69 EPS. On average, equities analysts anticipate that Wintrust Financial Corporation will post 13.09 EPS for the current year.

Wintrust Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Barclays upped their price target on shares of Wintrust Financial from $185.00 to $190.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. 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. Truist Financial reduced their price objective on shares of Wintrust Financial from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. Citigroup increased their price objective on Wintrust Financial from $178.00 to $182.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Finally, DA Davidson reaffirmed a “buy” rating and set a $185.00 target price on shares of Wintrust Financial in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $170.58.

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.