New York State Common Retirement Fund raised its position in Wintrust Financial Co. (NASDAQ:WTFC) by 8.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 230,141 shares of the bank’s stock after acquiring an additional 17,434 shares during the period. New York State Common Retirement Fund owned about 0.40% of Wintrust Financial worth $9,217,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WTFC. California Public Employees Retirement System increased its holdings in shares of Wintrust Financial by 4.7% during the 3rd quarter. California Public Employees Retirement System now owns 138,425 shares of the bank’s stock worth $5,544,000 after acquiring an additional 6,228 shares during the last quarter. First Trust Advisors LP raised its position in Wintrust Financial by 14.5% in the third quarter. First Trust Advisors LP now owns 170,574 shares of the bank’s stock valued at $6,831,000 after purchasing an additional 21,617 shares during the last quarter. Jennison Associates LLC raised its position in Wintrust Financial by 0.9% in the third quarter. Jennison Associates LLC now owns 734,267 shares of the bank’s stock valued at $29,407,000 after purchasing an additional 6,827 shares during the last quarter. Mackay Shields LLC bought a new position in Wintrust Financial in the third quarter valued at about $468,000. Finally, Alaska Permanent Fund Corp raised its position in Wintrust Financial by 262.1% in the third quarter. Alaska Permanent Fund Corp now owns 55,000 shares of the bank’s stock valued at $2,203,000 after purchasing an additional 39,810 shares during the last quarter. Hedge funds and other institutional investors own 88.82% of the company’s stock.

In other news, CEO Edward J. Wehmer purchased 1,189 shares of the company’s stock in a transaction on Monday, August 31st. The stock was purchased at an average price of $26.57 per share, with a total value of $31,591.73. Following the completion of the purchase, the chief executive officer now directly owns 147,124 shares in the company, valued at approximately $3,909,084.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Edward J. Wehmer sold 15,000 shares of Wintrust Financial stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $53.14, for a total value of $797,100.00. Insiders own 1.58% of the company’s stock.

Wintrust Financial stock opened at $54.76 on Friday. Wintrust Financial Co. has a 52 week low of $22.02 and a 52 week high of $71.95. The business has a 50-day simple moving average of $48.94 and a 200 day simple moving average of $44.14. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.68. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 0.76 and a beta of 1.61.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Wednesday, October 21st. The bank reported $1.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.59. Wintrust Financial had a return on equity of 7.63% and a net margin of 14.33%. On average, research analysts anticipate that Wintrust Financial Co. will post 3.69 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Investors 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 yield of 2.05%. The ex-dividend date of this dividend is Tuesday, November 10th. Wintrust Financial’s payout ratio is 18.57%.

WTFC has been the subject of several research reports. Keefe, Bruyette & Woods downgraded Wintrust Financial from an “outperform” rating to a “market perform” rating and set a $56.00 target price for the company. in a research report on Thursday, October 22nd. Raymond James increased their price target on Wintrust Financial from $58.00 to $65.00 and gave the company a “strong-buy” rating in a research note on Friday, October 23rd. Zacks Investment Research raised Wintrust Financial from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Saturday, October 3rd. Truist increased their price target on Wintrust Financial from $47.00 to $56.00 in a research note on Monday, November 2nd. Finally, Piper Sandler increased their price target on Wintrust Financial from $43.00 to $54.00 and gave the company a “neutral” rating in a research note on Monday, October 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $52.40.

Wintrust Financial Company Profile

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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