Elevation Point Wealth Partners LLC Buys New Position in Wintrust Financial Corporation $WTFC

Elevation Point Wealth Partners LLC acquired a new stake in Wintrust Financial Corporation (NASDAQ:WTFC) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,279 shares of the bank’s stock, valued at approximately $456,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Advisors Asset Management Inc. purchased a new position in shares of Wintrust Financial in the 1st quarter valued at approximately $27,000. Elyxium Wealth LLC acquired a new position in Wintrust Financial in the 4th quarter valued at $31,000. Creative Financial Designs Inc. ADV raised its position in Wintrust Financial by 231.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock worth $32,000 after buying an additional 160 shares during the last quarter. Harbour Investments Inc. lifted its stake in shares of Wintrust Financial by 72.7% in the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock worth $34,000 after acquiring an additional 101 shares during the period. Finally, Strive Financial Group LLC acquired a new stake in shares of Wintrust Financial in the 4th quarter worth $39,000. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Insider Transactions at Wintrust Financial

In related news, COO David A. Dykstra sold 9,579 shares of the company’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 transaction of $1,425,546.78. Following the transaction, the chief operating officer owned 179,810 shares of the company’s stock, valued at approximately $26,759,324.20. This represents a 5.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 sale, the director owned 3,303 shares in the company, valued at approximately $492,014.88. This trade represents a 13.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 13,099 shares of company stock worth $1,954,386 over the last ninety days. 1.24% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

WTFC has been the topic of a number of recent analyst reports. Raymond James Financial initiated coverage on shares of Wintrust Financial in a research note on Tuesday. They set an “outperform” rating and a $180.00 price target on the stock. Stephens started coverage on Wintrust Financial in a research report on Friday, March 27th. They set an “equal weight” rating and a $160.00 target price on the stock. UBS Group reissued a “neutral” rating and set a $170.00 target price on shares of Wintrust Financial in a research note on Tuesday. Royal Bank Of Canada raised their price target on Wintrust Financial from $175.00 to $185.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Finally, DA Davidson restated a “buy” rating and issued a $185.00 price target on shares of Wintrust Financial in a research note on Tuesday, June 30th. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $172.17.

Wintrust Financial Stock Down 1.9%

WTFC stock opened at $158.42 on Thursday. The company’s 50 day simple moving average is $153.52 and its 200-day simple moving average is $147.92. The firm has a market capitalization of $10.69 billion, a PE ratio of 13.28 and a beta of 0.84. Wintrust Financial Corporation has a 12 month low of $119.61 and a 12 month high of $164.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Monday, April 20th. The bank reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $0.26. The firm had revenue of $713.17 million during 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 quarter last year, the business posted $2.69 EPS. Equities analysts expect that Wintrust Financial Corporation will post 13.09 earnings per share for the current fiscal year.

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.