Holocene Advisors LP Has $5.34 Million Position in Wintrust Financial Co. (NASDAQ:WTFC)

Holocene Advisors LP lifted its stake in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 227.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,166 shares of the bank's stock after purchasing an additional 34,171 shares during the period. Holocene Advisors LP owned about 0.07% of Wintrust Financial worth $5,336,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. International Assets Investment Management LLC purchased a new stake in Wintrust Financial in the 3rd quarter valued at approximately $35,000. UMB Bank n.a. raised its position in shares of Wintrust Financial by 62.0% in the 3rd 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 period. Brooklyn Investment Group purchased a new position in shares of Wintrust Financial in the 3rd quarter worth $61,000. Covestor Ltd raised its position in shares of Wintrust Financial by 77.9% in the 3rd quarter. Covestor Ltd now owns 653 shares of the bank's stock worth $71,000 after buying an additional 286 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Wintrust Financial by 62.6% in the 2nd quarter. GAMMA Investing LLC now owns 818 shares of the bank's stock valued at $81,000 after purchasing an additional 315 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WTFC. Barclays lifted their price target on Wintrust Financial from $130.00 to $151.00 and gave the company an "overweight" rating in a report on Thursday. Raymond James upped 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. Wedbush reaffirmed an "outperform" rating and issued a $130.00 target price on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Citigroup increased their price objective on shares of Wintrust Financial from $126.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Finally, Piper Sandler raised their target price on shares of Wintrust Financial from $131.00 to $136.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $124.62.

Wintrust Financial Price Performance

Shares of Wintrust Financial stock traded down $1.02 during midday trading on Thursday, reaching $136.46. The company had a trading volume of 380,756 shares, compared to its average volume of 388,843. Wintrust Financial Co. has a 1-year low of $89.18 and a 1-year high of $142.04. The company has a market capitalization of $9.07 billion, a price-to-earnings ratio of 14.29 and a beta of 1.18. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73. The stock has a fifty day simple moving average of $120.88 and a 200 day simple moving average of $108.24.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its quarterly earnings data on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing the consensus estimate of $2.50 by ($0.03). Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The company had revenue of $615.73 million during the quarter, compared to the consensus estimate of $623.45 million. During the same period in the previous year, the company earned $2.53 EPS. Wintrust Financial's revenue for the quarter was up 7.1% on a year-over-year basis. As a group, equities research analysts forecast that Wintrust Financial Co. will post 10.12 earnings per share for the current year.

Wintrust Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Thursday, November 7th. Wintrust Financial's dividend payout ratio is currently 18.85%.

Insider Buying and Selling at Wintrust Financial

In other news, COO David A. Dykstra sold 15,492 shares of Wintrust Financial 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 completion of the transaction, the chief operating officer now owns 197,591 shares of the company's stock, valued at $22,817,808.68. The trade was a 7.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Richard B. Murphy sold 4,099 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the insider now owns 42,311 shares of the company's stock, valued at approximately $4,892,420.93. This represents a 8.83 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,198 shares of company stock valued at $2,445,314. Company insiders own 1.47% of the company's stock.

About Wintrust Financial

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.