Los Angeles Capital Management LLC Purchases Shares of 2,803 Wintrust Financial Co. (NASDAQ:WTFC)

Los Angeles Capital Management LLC purchased a new stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) during the third quarter, HoldingsChannel reports. The fund purchased 2,803 shares of the bank’s stock, valued at approximately $304,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Wintrust Financial by 3.9% in the first quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank’s stock worth $673,603,000 after purchasing an additional 244,168 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Wintrust Financial by 5.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,017,295 shares of the bank’s stock worth $297,376,000 after purchasing an additional 146,090 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Wintrust Financial by 11.3% in the third quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank’s stock worth $141,981,000 after purchasing an additional 133,311 shares during the last quarter. F M Investments LLC bought a new stake in shares of Wintrust Financial in the second quarter worth about $11,850,000. Finally, Van Lanschot Kempen Investment Management N.V. increased its holdings in shares of Wintrust Financial by 15.5% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 630,824 shares of the bank’s stock worth $62,174,000 after purchasing an additional 84,687 shares during the last quarter. 93.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WTFC has been the topic of several research reports. DA Davidson lifted their target price on Wintrust Financial from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Wedbush reiterated an “outperform” rating and issued a $130.00 price target on shares of Wintrust Financial in a research report on Tuesday, October 22nd. Raymond James lifted their price target on Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 23rd. Truist Financial lifted their price target on Wintrust Financial from $123.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Citigroup lifted their price target on Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Wintrust Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.00.

Wintrust Financial Stock Up 0.6 %

Shares of NASDAQ WTFC opened at $131.76 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.01 and a current ratio of 1.02. The firm has a market capitalization of $8.76 billion, a price-to-earnings ratio of 13.80 and a beta of 1.15. The stock has a 50 day moving average price of $113.19 and a 200 day moving average price of $105.13. Wintrust Financial Co. has a 52-week low of $82.90 and a 52-week high of $136.08.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Monday, October 21st. The bank reported $2.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 16.52% and a return on equity of 11.99%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.53 EPS. Sell-side analysts expect that Wintrust Financial Co. will post 10.12 earnings per share for the current year.

Wintrust Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.37%. Wintrust Financial’s payout ratio is 18.85%.

Insider Activity at Wintrust Financial

In other news, COO David A. Dykstra sold 15,492 shares of the company’s stock in a transaction 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 transaction, the chief operating officer now directly owns 197,591 shares of the company’s stock, valued at approximately $22,817,808.68. This represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Richard B. Murphy sold 4,099 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total value of $473,967.37. Following the transaction, the insider now directly owns 42,311 shares in the company, valued at approximately $4,892,420.93. The trade was a 8.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,198 shares of company stock worth $2,445,314. Company insiders own 1.47% of the company’s stock.

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.