Alps Advisors Inc. Invests $445,000 in Wintrust Financial Corporation $WTFC

Alps Advisors Inc. purchased a new position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,360 shares of the bank’s stock, valued at approximately $445,000.

Several other large investors also recently modified their holdings of WTFC. Norges Bank bought a new stake in Wintrust Financial during the second quarter worth about $87,418,000. Thrivent Financial for Lutherans boosted its holdings in shares of Wintrust Financial by 417.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 506,766 shares of the bank’s stock worth $67,116,000 after acquiring an additional 408,925 shares in the last quarter. Azora Capital LP bought a new stake in Wintrust Financial during the 2nd quarter worth approximately $44,085,000. Jennison Associates LLC increased its holdings in Wintrust Financial by 16.0% during the 2nd quarter. Jennison Associates LLC now owns 936,834 shares of the bank’s stock valued at $116,149,000 after purchasing an additional 129,444 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. bought a new position in Wintrust Financial in the 2nd quarter valued at $15,002,000. 93.48% of the stock is currently owned by institutional investors.

Wintrust Financial Trading Up 2.1%

WTFC opened at $153.74 on Friday. The firm has a 50 day simple moving average of $146.27 and a 200 day simple moving average of $136.40. Wintrust Financial Corporation has a fifty-two week low of $89.10 and a fifty-two week high of $162.96. The company has a market cap of $10.30 billion, a price-to-earnings ratio of 13.49 and a beta of 0.88. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.99.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Tuesday, January 20th. The bank reported $3.15 EPS for the quarter, topping analysts’ consensus estimates of $2.93 by $0.22. The firm had revenue of $714.26 million during the quarter, compared to analyst estimates of $700.85 million. Wintrust Financial had a net margin of 19.48% and a return on equity of 12.95%. During the same quarter in the previous year, the business earned $2.63 EPS. On average, sell-side analysts anticipate that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.

Wintrust Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Thursday, February 5th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.4%. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Thursday, February 5th. Wintrust Financial’s payout ratio is presently 19.30%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Truist Financial lifted their price target on Wintrust Financial from $158.00 to $170.00 and gave the company a “buy” rating in a report on Monday, January 26th. TD Cowen raised their price objective on shares of Wintrust Financial from $170.00 to $177.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Jefferies Financial Group dropped their target price on shares of Wintrust Financial from $165.00 to $160.00 and set a “buy” rating for the company in a research note on Tuesday, October 21st. Piper Sandler increased their price target on shares of Wintrust Financial from $161.00 to $184.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Wintrust Financial in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $165.31.

Insiders Place Their Bets

In other news, EVP Jeffrey D. Hahnfeld sold 314 shares of the company’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $145.43, for a total value of $45,665.02. Following the completion of the sale, the executive vice president directly owned 1,947 shares of the company’s stock, valued at $283,152.21. This represents a 13.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Kathleen M. Boege sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $146.38, for a total transaction of $731,900.00. Following the completion of the sale, the executive vice president owned 22,883 shares in the company, valued at $3,349,613.54. This represents a 17.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,662 shares of company stock valued at $1,705,730 in the last ninety days. 1.01% of the stock is currently owned by insiders.

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.