Amalgamated Bank Sells 7,097 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Amalgamated Bank lessened its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 18.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,544 shares of the bank's stock after selling 7,097 shares during the quarter. Amalgamated Bank's holdings in Wintrust Financial were worth $3,423,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its position in shares of Wintrust Financial by 825.0% during the 2nd quarter. Versant Capital Management Inc now owns 296 shares of the bank's stock valued at $29,000 after purchasing an additional 264 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Wintrust Financial during the third quarter worth approximately $35,000. UMB Bank n.a. grew its position in Wintrust Financial by 62.0% in the third quarter. UMB Bank n.a. now owns 512 shares of the bank's stock worth $56,000 after buying an additional 196 shares during the last quarter. GAMMA Investing LLC grew its position in Wintrust Financial by 62.6% in the second quarter. GAMMA Investing LLC now owns 818 shares of the bank's stock worth $81,000 after buying an additional 315 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Wintrust Financial by 11.7% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 866 shares of the bank's stock valued at $85,000 after buying an additional 91 shares in the last quarter. Institutional investors own 93.48% of the company's stock.

Insider Activity at Wintrust Financial

In related news, CFO David L. Stoehr sold 1,607 shares of Wintrust Financial stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total value of $182,330.22. Following the completion of the sale, the chief financial officer now owns 14,874 shares of the company's stock, valued at approximately $1,687,604.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, COO David A. Dykstra sold 15,492 shares of the company's stock in a transaction dated 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 completion of the sale, the chief operating officer now owns 197,591 shares in the company, valued at approximately $22,817,808.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO David L. Stoehr sold 1,607 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $113.46, for a total value of $182,330.22. Following the transaction, the chief financial officer now directly owns 14,874 shares in the company, valued at approximately $1,687,604.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,198 shares of company stock valued at $2,445,314. 1.47% of the stock is currently owned by corporate insiders.

Wintrust Financial Stock Up 1.2 %

Shares of Wintrust Financial stock traded up $1.47 on Friday, hitting $128.60. 382,754 shares of the company traded hands, compared to its average volume of 445,421. Wintrust Financial Co. has a 12-month low of $76.67 and a 12-month high of $131.66. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. The company has a market cap of $8.55 billion, a PE ratio of 13.47 and a beta of 1.15. The company has a 50-day moving average price of $110.58 and a 200 day moving average price of $103.92.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its quarterly earnings data 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). Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The firm had revenue of $615.73 million for the quarter, compared to analyst estimates of $623.45 million. During the same period in the previous year, the business posted $2.53 EPS. Wintrust Financial's revenue for the quarter was up 7.1% on a year-over-year basis. Sell-side analysts predict that Wintrust Financial Co. will post 10.12 earnings per share for the current year.

Wintrust Financial Announces Dividend

The company also recently disclosed 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 yield of 1.40%. Wintrust Financial's dividend payout ratio is currently 18.85%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on WTFC shares. Truist Financial lifted their target price on Wintrust Financial from $123.00 to $127.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Citigroup lifted their price target on Wintrust Financial from $126.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. DA Davidson upped their price objective on shares of Wintrust Financial from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Raymond James lifted their target price on shares of Wintrust Financial from $125.00 to $135.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, October 23rd. Finally, Wedbush restated an "outperform" rating and set a $130.00 price target on shares of Wintrust Financial in a report on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Wintrust Financial has a consensus rating of "Moderate Buy" and a consensus target price of $123.00.

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.