48,264 Shares in Wintrust Financial Co. (NASDAQ:WTFC) Bought by Siena Capital Partners GP LLC

Siena Capital Partners GP LLC acquired a new stake in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 48,264 shares of the bank's stock, valued at approximately $5,238,000. Wintrust Financial comprises about 1.5% of Siena Capital Partners GP LLC's portfolio, making the stock its 12th largest position. Siena Capital Partners GP LLC owned 0.07% of Wintrust Financial as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in WTFC. Versant Capital Management Inc boosted its holdings in Wintrust Financial by 825.0% during the second quarter. Versant Capital Management Inc now owns 296 shares of the bank's stock valued at $29,000 after acquiring an additional 264 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Wintrust Financial during the 3rd quarter worth about $35,000. UMB Bank n.a. boosted its stake in Wintrust Financial by 62.0% during the 3rd quarter. UMB Bank n.a. now owns 512 shares of the bank's stock valued at $56,000 after purchasing an additional 196 shares during the period. Covestor Ltd grew its holdings in Wintrust Financial by 77.9% in the 3rd quarter. Covestor Ltd now owns 653 shares of the bank's stock valued at $71,000 after buying an additional 286 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Wintrust Financial by 62.6% in the 2nd quarter. GAMMA Investing LLC now owns 818 shares of the bank's stock worth $81,000 after buying an additional 315 shares during the period. 93.48% of the stock is owned by institutional investors.

Wintrust Financial Price Performance

WTFC stock traded up $3.45 during midday trading on Friday, reaching $137.08. 365,886 shares of the company's stock traded hands, compared to its average volume of 386,281. The company has a 50-day simple moving average of $115.46 and a two-hundred day simple moving average of $105.94. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. Wintrust Financial Co. has a 1-year low of $82.90 and a 1-year high of $137.32. The company has a market cap of $9.11 billion, a price-to-earnings ratio of 14.00 and a beta of 1.15.

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

Wintrust Financial Announces Dividend

The business 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 1.31%. Wintrust Financial's dividend payout ratio is presently 18.85%.

Insider Buying and Selling at Wintrust Financial

In other news, insider Richard B. Murphy sold 4,099 shares of the business's stock in a transaction on Tuesday, October 29th. The shares were 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 $4,892,420.93. The trade was a 8.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David L. Stoehr sold 1,607 shares of the firm's stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $113.46, for a total value of $182,330.22. Following the sale, the chief financial officer now directly owns 14,874 shares in the company, valued at $1,687,604.04. The trade was a 9.75 % 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 company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. DA Davidson raised their price objective on shares of Wintrust Financial from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Citigroup upped their price objective on shares of Wintrust Financial from $126.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Truist Financial lifted their target price on Wintrust Financial from $123.00 to $127.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Piper Sandler lifted their price objective on Wintrust Financial from $131.00 to $136.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Finally, Raymond James raised their target price 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. Three investment 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 company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average 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.