Albert D Mason Inc. Buys 10,333 Shares of Wintrust Financial Corporation $WTFC

Albert D Mason Inc. grew its stake in Wintrust Financial Corporation (NASDAQ:WTFC) by 241.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,609 shares of the bank’s stock after buying an additional 10,333 shares during the period. Wintrust Financial makes up approximately 1.3% of Albert D Mason Inc.’s holdings, making the stock its 25th biggest position. Albert D Mason Inc.’s holdings in Wintrust Financial were worth $1,935,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in WTFC. Norges Bank bought a new position in shares of Wintrust Financial in the 2nd quarter valued at approximately $87,418,000. Millennium Management LLC grew its holdings in Wintrust Financial by 539.2% during the first quarter. Millennium Management LLC now owns 594,711 shares of the bank’s stock valued at $66,881,000 after purchasing an additional 501,669 shares during the last quarter. Azora Capital LP bought a new position in shares of Wintrust Financial in the second quarter valued at approximately $44,085,000. Jennison Associates LLC lifted its stake in shares of Wintrust Financial by 16.0% in the second quarter. Jennison Associates LLC now owns 936,834 shares of the bank’s stock worth $116,149,000 after buying an additional 129,444 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. bought a new stake in shares of Wintrust Financial during the 2nd quarter worth $15,002,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wintrust Financial Trading Down 1.0%

Shares of WTFC opened at $142.84 on Wednesday. The stock’s 50-day moving average price is $132.62 and its 200 day moving average price is $130.93. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $9.57 billion, a price-to-earnings ratio of 13.13 and a beta of 0.90. Wintrust Financial Corporation has a 12-month low of $89.10 and a 12-month high of $144.70.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Thursday, November 6th. The bank reported $3.06 earnings per share for the quarter. The company had revenue of $1.26 billion for the quarter. Wintrust Financial had a return on equity of 12.82% and a net margin of 18.85%. As a group, research analysts predict that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, November 6th. This represents a $2.00 dividend on an annualized basis and a yield of 1.4%. Wintrust Financial’s payout ratio is currently 18.38%.

Analyst Ratings Changes

A number of research analysts recently issued reports on WTFC shares. Jefferies Financial Group lowered their target price on shares of Wintrust Financial from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Tuesday, October 21st. Cowen reaffirmed a “buy” rating on shares of Wintrust Financial in a research report on Wednesday, October 22nd. TD Cowen started coverage on Wintrust Financial in a research report on Thursday, September 25th. They set a “buy” rating and a $166.00 price objective for the company. DA Davidson restated a “buy” rating and set a $158.00 target price on shares of Wintrust Financial in a research note on Tuesday, October 21st. Finally, Truist Financial lifted their price target on Wintrust Financial from $151.00 to $158.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Wintrust Financial has a consensus rating of “Moderate Buy” and a consensus target price of $152.82.

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.