West Michigan Advisors LLC Buys New Position in Wintrust Financial Co. (NASDAQ:WTFC)

West Michigan Advisors LLC bought a new stake in Wintrust Financial Co. (NASDAQ:WTFC) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,272 shares of the bank’s stock, valued at approximately $247,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WTFC. International Assets Investment Management LLC acquired a new stake in Wintrust Financial in the 3rd quarter valued at about $35,000. DHJJ Financial Advisors Ltd. lifted its holdings in Wintrust Financial by 111.7% in the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 1,033 shares of the bank’s stock valued at $112,000 after acquiring an additional 545 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Wintrust Financial by 7.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 203,285 shares of the bank’s stock valued at $22,063,000 after acquiring an additional 14,699 shares during the last quarter. Vest Financial LLC lifted its stake in Wintrust Financial by 16.4% during the third quarter. Vest Financial LLC now owns 13,725 shares of the bank’s stock valued at $1,490,000 after buying an additional 1,931 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in Wintrust Financial by 5.2% during the third quarter. Raymond James & Associates now owns 218,733 shares of the bank’s stock valued at $23,739,000 after buying an additional 10,789 shares in the last quarter. Institutional investors own 93.48% of the company’s stock.

Insider Transactions at Wintrust Financial

In other news, CFO David L. Stoehr sold 1,607 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $113.46, for a total transaction of $182,330.22. Following the completion of the transaction, the chief financial officer now directly owns 14,874 shares in the company, valued at approximately $1,687,604.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.47% of the company’s stock.

Wintrust Financial Stock Down 1.0 %

Shares of NASDAQ WTFC opened at $113.02 on Friday. Wintrust Financial Co. has a 52-week low of $72.14 and a 52-week high of $117.77. The stock has a market cap of $6.98 billion, a PE ratio of 11.69 and a beta of 1.16. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.99 and a current ratio of 1.02. The business has a fifty day moving average of $107.69 and a two-hundred day moving average of $102.32.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The business had revenue of $615.73 million during the quarter, compared to analyst estimates of $623.45 million. During the same quarter last year, the business posted $2.53 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, equities research analysts expect that Wintrust Financial Co. will post 10.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on WTFC shares. Piper Sandler upped their price objective on shares of Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday. DA Davidson increased their price target on shares of Wintrust Financial from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday. Royal Bank of Canada increased their price target on shares of Wintrust Financial from $116.00 to $117.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 9th. Wedbush restated an “outperform” rating and issued a $130.00 price objective on shares of Wintrust Financial in a report on Tuesday. Finally, Raymond James increased their price objective on Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.00.

Wintrust Financial Profile

Wintrust Financial Corporation operates as a financial holding company. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), online and mobile banking, and other services.