Cinctive Capital Management LP Acquires Shares of 26,740 Wintrust Financial Co. (NASDAQ:WTFC)

Cinctive Capital Management LP purchased a new position in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 26,740 shares of the bank's stock, valued at approximately $3,335,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Huntington National Bank boosted its stake in shares of Wintrust Financial by 3.3% during the 4th quarter. Huntington National Bank now owns 3,971 shares of the bank's stock valued at $495,000 after buying an additional 127 shares during the period. Headlands Technologies LLC boosted its position in Wintrust Financial by 490.1% during the fourth quarter. Headlands Technologies LLC now owns 4,550 shares of the bank's stock valued at $567,000 after purchasing an additional 3,779 shares during the last quarter. Geode Capital Management LLC grew its stake in Wintrust Financial by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,165,898 shares of the bank's stock valued at $145,443,000 after purchasing an additional 10,172 shares in the last quarter. Franklin Resources Inc. acquired a new position in Wintrust Financial in the 4th quarter worth about $252,000. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of Wintrust Financial by 15.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,537 shares of the bank's stock worth $441,000 after purchasing an additional 466 shares in the last quarter. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on WTFC. Barclays increased their price objective on Wintrust Financial from $151.00 to $155.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Piper Sandler increased their price target on shares of Wintrust Financial from $151.00 to $156.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Truist Financial raised shares of Wintrust Financial to a "strong-buy" rating in a research note on Monday, January 6th. Raymond James reissued a "strong-buy" rating and set a $150.00 target price (up from $135.00) on shares of Wintrust Financial in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $152.00 price target on shares of Wintrust Financial in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $133.69.

Wintrust Financial Stock Performance

NASDAQ WTFC traded up $2.49 during trading on Tuesday, hitting $98.38. The company's stock had a trading volume of 108,269 shares, compared to its average volume of 406,444. Wintrust Financial Co. has a 52 week low of $89.10 and a 52 week high of $142.04. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The firm has a market cap of $6.56 billion, a P/E ratio of 9.55 and a beta of 0.94. The firm has a 50 day moving average price of $119.64 and a 200 day moving average price of $122.35.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its earnings results on Tuesday, January 21st. The bank reported $2.63 EPS for the quarter, beating the consensus estimate of $2.52 by $0.11. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same quarter in the previous year, the company posted $1.87 earnings per share. Equities research analysts forecast that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, May 8th. Wintrust Financial's dividend payout ratio (DPR) is presently 19.40%.

Insider Activity at Wintrust Financial

In other news, CFO David L. Stoehr sold 2,363 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $131.32, for a total transaction of $310,309.16. Following the sale, the chief financial officer now directly owns 19,858 shares in the company, valued at approximately $2,607,752.56. The trade was a 10.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Richard B. Murphy sold 3,186 shares of the firm's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $131.30, for a total value of $418,321.80. Following the completion of the transaction, the insider now directly owns 48,814 shares of the company's stock, valued at approximately $6,409,278.20. This trade represents a 6.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,178 shares of company stock worth $1,336,315 over the last three months. Company insiders own 1.47% of the company's stock.

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.