Elevation Point Wealth Partners LLC Invests $456,000 in Wintrust Financial Corporation $WTFC

Elevation Point Wealth Partners LLC bought a new stake in Wintrust Financial Corporation (NASDAQ:WTFC) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 modified their holdings of WTFC. Clark Capital Management Group Inc. raised its position in Wintrust Financial by 27.1% in the third quarter. Clark Capital Management Group Inc. now owns 572,816 shares of the bank’s stock valued at $75,864,000 after purchasing an additional 122,221 shares during the period. Polar Asset Management Partners Inc. purchased a new position in shares of Wintrust Financial during the 3rd quarter worth $14,094,000. F m Investments LLC grew its holdings in shares of Wintrust Financial by 61.6% during the 4th quarter. F m Investments LLC now owns 70,857 shares of the bank’s stock worth $9,907,000 after purchasing an additional 27,013 shares during the period. Artemis Investment Management LLP acquired a new stake in shares of Wintrust Financial during the 4th quarter worth about $59,287,000. Finally, SG Americas Securities LLC increased its position in shares of Wintrust Financial by 132.1% during the 4th quarter. SG Americas Securities LLC now owns 51,637 shares of the bank’s stock worth $7,220,000 after purchasing an additional 29,386 shares during the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

Wintrust Financial Trading Down 1.9%

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

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, April 20th. The bank reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.96 by $0.26. The business 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 business’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. Sell-side analysts expect that Wintrust Financial Corporation will post 13.09 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO David L. Stoehr sold 3,020 shares of the stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $150.45, for a total value 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Suzet M. Mckinney sold 500 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $148.96, for a total transaction of $74,480.00. Following the completion of the transaction, the director owned 3,303 shares in the company, valued at $492,014.88. This represents a 13.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 13,099 shares of company stock worth $1,954,386. 1.24% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on WTFC shares. DA Davidson reaffirmed a “buy” rating and set a $185.00 target price on shares of Wintrust Financial in a research note on Tuesday, June 30th. Stephens assumed coverage on shares of Wintrust Financial in a research note on Friday, March 27th. They issued an “equal weight” rating and a $160.00 price target on the stock. Raymond James Financial initiated coverage on shares of Wintrust Financial in a research report on Tuesday. They set an “outperform” rating and a $180.00 price objective for the company. Citigroup lifted their target price on shares of Wintrust Financial from $178.00 to $182.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Finally, Royal Bank Of Canada boosted their target price on Wintrust Financial from $175.00 to $185.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Wintrust Financial presently has a consensus rating of “Moderate Buy” and an average price target of $172.17.

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.