Aigen Investment Management LP bought a new position in Wintrust Financial Co. (NASDAQ:WTFC) in the third quarter, Holdings Channel.com reports. The firm bought 826 shares of the bank’s stock, valued at approximately $33,000.

Other hedge funds also recently bought and sold shares of the company. Private Capital Group LLC lifted its holdings in shares of Wintrust Financial by 788.8% in the second quarter. Private Capital Group LLC now owns 1,031 shares of the bank’s stock worth $45,000 after acquiring an additional 915 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Wintrust Financial by 75.9% in the second quarter. Signaturefd LLC now owns 1,789 shares of the bank’s stock worth $78,000 after acquiring an additional 772 shares during the last quarter. Advisor Group Holdings Inc. bought a new position in shares of Wintrust Financial in the first quarter worth about $63,000. Macquarie Group Ltd. lifted its holdings in shares of Wintrust Financial by 35.9% in the second quarter. Macquarie Group Ltd. now owns 2,310 shares of the bank’s stock worth $101,000 after acquiring an additional 610 shares during the last quarter. Finally, First Mercantile Trust Co. lifted its holdings in shares of Wintrust Financial by 67.4% in the second quarter. First Mercantile Trust Co. now owns 2,647 shares of the bank’s stock worth $115,000 after acquiring an additional 1,066 shares during the last quarter. 88.82% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently commented on WTFC. Zacks Investment Research raised shares of Wintrust Financial from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a report on Saturday, October 3rd. Piper Sandler upped their price objective on Wintrust Financial from $43.00 to $54.00 and gave the company a “neutral” rating in a research note on Monday, October 26th. BidaskClub raised Wintrust Financial from a “hold” rating to a “buy” rating in a research note on Friday, October 23rd. ValuEngine downgraded Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Thursday, November 5th. Finally, Keefe, Bruyette & Woods downgraded Wintrust Financial from an “outperform” rating to a “market perform” rating and set a $56.00 price objective for the company. in a research note on Thursday, October 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $52.40.

In other news, CEO Edward J. Wehmer sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $53.14, for a total transaction of $797,100.00. Also, CEO Edward J. Wehmer acquired 1,189 shares of Wintrust Financial stock in a transaction dated Monday, August 31st. The shares were bought at an average cost of $26.57 per share, with a total value of $31,591.73. Following the transaction, the chief executive officer now owns 147,124 shares in the company, valued at $3,909,084.68. The disclosure for this purchase can be found here. Company insiders own 1.58% of the company’s stock.

NASDAQ:WTFC opened at $54.76 on Friday. The company has a market capitalization of $3.16 billion, a PE ratio of 12.14, a P/E/G ratio of 0.76 and a beta of 1.61. The company has a 50 day simple moving average of $48.94 and a two-hundred day simple moving average of $44.14. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.99 and a current ratio of 1.02. Wintrust Financial Co. has a fifty-two week low of $22.02 and a fifty-two week high of $71.95.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Wednesday, October 21st. The bank reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.59. Wintrust Financial had a net margin of 14.33% and a return on equity of 7.63%. Research analysts predict that Wintrust Financial Co. will post 3.69 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Thursday, November 12th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Tuesday, November 10th. Wintrust Financial’s dividend payout ratio (DPR) is 18.57%.

About Wintrust Financial

Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. 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.

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Institutional Ownership by Quarter for Wintrust Financial (NASDAQ:WTFC)

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