Curi RMB Capital LLC Purchases New Shares in Wintrust Financial Co. (NASDAQ:WTFC)

Curi RMB Capital LLC purchased a new position in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 41,264 shares of the bank's stock, valued at approximately $5,146,000. Curi RMB Capital LLC owned about 0.06% of Wintrust Financial at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. First Trust Advisors LP increased its position in shares of Wintrust Financial by 36.5% during the fourth quarter. First Trust Advisors LP now owns 1,263,837 shares of the bank's stock worth $157,613,000 after acquiring an additional 337,763 shares during the period. Alpha DNA Investment Management LLC raised its position in Wintrust Financial by 7.6% during the 4th quarter. Alpha DNA Investment Management LLC now owns 4,982 shares of the bank's stock valued at $621,000 after purchasing an additional 353 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Wintrust Financial by 137.1% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 143,380 shares of the bank's stock worth $17,859,000 after buying an additional 82,918 shares during the period. Marshall Wace LLP purchased a new stake in shares of Wintrust Financial in the 4th quarter worth $968,000. Finally, Guggenheim Capital LLC grew its position in shares of Wintrust Financial by 4.2% during the 4th quarter. Guggenheim Capital LLC now owns 56,288 shares of the bank's stock worth $7,020,000 after buying an additional 2,259 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company's stock.

Insider Buying and Selling

In other Wintrust Financial news, COO David A. Dykstra sold 4,213 shares of the company's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $131.31, for a total value of $553,209.03. Following the sale, the chief operating officer now owns 206,294 shares in the company, valued at approximately $27,088,465.14. This represents a 2.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Jeffrey D. Hahnfeld sold 416 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $130.95, for a total transaction of $54,475.20. Following the transaction, the executive vice president now directly owns 2,276 shares of the company's stock, valued at approximately $298,042.20. This trade represents a 15.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,178 shares of company stock valued at $1,336,315 over the last ninety days. Company insiders own 1.01% of the company's stock.

Wintrust Financial Stock Performance

NASDAQ WTFC traded up $3.70 during trading hours on Thursday, reaching $111.38. The stock had a trading volume of 485,013 shares, compared to its average volume of 417,067. Wintrust Financial Co. has a 52-week low of $89.10 and a 52-week high of $142.04. The stock has a fifty day moving average of $111.54 and a 200 day moving average of $121.54. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01. The stock has a market cap of $7.45 billion, a P/E ratio of 10.80 and a beta of 0.94.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The bank reported $2.69 earnings per share for the quarter, topping analysts' consensus estimates of $2.52 by $0.17. The firm had revenue of $643.11 million for the quarter, compared to analyst estimates of $643.11 million. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same quarter in the prior year, the business earned $2.89 earnings per share. Sell-side analysts predict that Wintrust Financial Co. will post 10.36 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be paid a $0.50 dividend. The ex-dividend date is Thursday, May 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.80%. Wintrust Financial's payout ratio is 19.40%.

Analysts Set New Price Targets

Several research analysts have issued reports on WTFC shares. DA Davidson dropped their target price on shares of Wintrust Financial from $140.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday. Hovde Group increased their target price on Wintrust Financial from $107.00 to $115.00 and gave the company a "market perform" rating in a research report on Wednesday. Stephens reduced their price target on Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating for the company in a research report on Wednesday. Raymond James reiterated a "strong-buy" rating and issued a $150.00 target price (up previously from $135.00) on shares of Wintrust Financial in a research note on Thursday, January 23rd. Finally, Piper Sandler lowered their target price on shares of Wintrust Financial from $145.00 to $141.00 and set an "overweight" rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $133.31.

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.