2,510 Shares in Wintrust Financial Co. (NASDAQ:WTFC) Purchased by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. acquired a new position in shares of Wintrust Financial Co. (NASDAQ:WTFC) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,510 shares of the bank’s stock, valued at approximately $273,000.

A number of other hedge funds also recently made changes to their positions in WTFC. Vanguard Group Inc. boosted its holdings in Wintrust Financial by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank’s stock valued at $673,603,000 after purchasing an additional 244,168 shares during the period. Capital International Investors grew its stake in shares of Wintrust Financial by 4.6% in the first quarter. Capital International Investors now owns 1,638,085 shares of the bank’s stock worth $171,000,000 after purchasing an additional 72,082 shares during the last quarter. Choreo LLC acquired a new stake in shares of Wintrust Financial in the second quarter valued at about $1,115,000. Allspring Global Investments Holdings LLC lifted its position in shares of Wintrust Financial by 7.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 203,285 shares of the bank’s stock worth $22,063,000 after purchasing an additional 14,699 shares during the period. Finally, Raymond James & Associates boosted its position in Wintrust Financial by 2.7% during the second quarter. Raymond James & Associates now owns 207,944 shares of the bank’s stock valued at $20,495,000 after acquiring an additional 5,563 shares during the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

Wintrust Financial Price Performance

Shares of Wintrust Financial stock opened at $133.66 on Wednesday. The company has a fifty day moving average of $111.58 and a 200-day moving average of $104.41. Wintrust Financial Co. has a 52-week low of $77.16 and a 52-week high of $134.82. The stock has a market capitalization of $8.89 billion, a price-to-earnings ratio of 14.00 and a beta of 1.15. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.01 and a current ratio of 1.02.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing the consensus estimate of $2.50 by ($0.03). The firm had revenue of $615.73 million during the quarter, compared to analysts’ expectations of $623.45 million. Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.53 earnings per share. Equities research analysts expect that Wintrust Financial Co. will post 10.12 EPS for the current year.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Thursday, November 7th. Wintrust Financial’s payout ratio is 18.85%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on WTFC. Piper Sandler raised their price target on shares of Wintrust Financial from $131.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. DA Davidson raised their price objective on Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Stephens restated an “overweight” rating and issued a $115.00 target price on shares of Wintrust Financial in a research note on Thursday, July 18th. Citigroup lifted their price objective on shares of Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Wedbush reaffirmed an “outperform” rating and set a $130.00 price target on shares of Wintrust Financial in a research report on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.00.

Insider Buying and Selling

In other Wintrust Financial news, COO David A. Dykstra sold 15,492 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $115.48, for a total value of $1,789,016.16. Following the completion of the transaction, the chief operating officer now directly owns 197,591 shares in the company, valued at approximately $22,817,808.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Wintrust Financial news, COO David A. Dykstra sold 15,492 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following the sale, the chief operating officer now directly owns 197,591 shares of the company’s stock, valued at approximately $22,817,808.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Richard B. Murphy sold 4,099 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total value of $473,967.37. Following the completion of the transaction, the insider now owns 42,311 shares of the company’s stock, valued at approximately $4,892,420.93. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,198 shares of company stock valued at $2,445,314 over the last quarter. 1.47% of the stock is owned by company insiders.

Wintrust Financial Company 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.