Alpha DNA Investment Management LLC Purchases 353 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Alpha DNA Investment Management LLC grew its holdings in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 7.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,982 shares of the bank’s stock after purchasing an additional 353 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in Wintrust Financial were worth $621,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WTFC. Retirement Systems of Alabama boosted its holdings in Wintrust Financial by 6.0% in the 3rd quarter. Retirement Systems of Alabama now owns 80,782 shares of the bank’s stock worth $8,767,000 after buying an additional 4,562 shares during the period. Fifth Third Bancorp lifted its position in shares of Wintrust Financial by 4,145.2% during the fourth quarter. Fifth Third Bancorp now owns 13,330 shares of the bank’s stock worth $1,662,000 after acquiring an additional 13,016 shares in the last quarter. KBC Group NV boosted its holdings in shares of Wintrust Financial by 1,412.8% in the fourth quarter. KBC Group NV now owns 30,393 shares of the bank’s stock worth $3,790,000 after acquiring an additional 28,384 shares during the period. Entropy Technologies LP purchased a new position in shares of Wintrust Financial in the fourth quarter valued at $499,000. Finally, Atria Investments Inc raised its stake in shares of Wintrust Financial by 34.5% during the 4th quarter. Atria Investments Inc now owns 10,926 shares of the bank’s stock valued at $1,363,000 after purchasing an additional 2,804 shares during the period. Institutional investors own 93.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Barclays reduced their target price on Wintrust Financial from $155.00 to $138.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $152.00 price objective on shares of Wintrust Financial in a research note on Thursday, January 23rd. StockNews.com cut shares of Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Saturday, February 15th. Truist Financial raised shares of Wintrust Financial to a “strong-buy” rating in a report on Monday, January 6th. Finally, Piper Sandler upped their price target on shares of Wintrust Financial from $151.00 to $156.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $132.38.

Wintrust Financial Trading Up 0.9 %

Shares of WTFC stock opened at $102.51 on Friday. The firm has a market cap of $6.86 billion, a P/E ratio of 9.94 and a beta of 0.94. The business has a 50-day moving average price of $113.61 and a two-hundred day moving average price of $121.55. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. Wintrust Financial Co. has a 12-month low of $89.10 and a 12-month high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Tuesday, January 21st. The bank reported $2.63 EPS for the quarter, topping 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 prior year, the firm earned $1.87 EPS. Equities analysts anticipate that Wintrust Financial Co. will post 10.36 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $2.00 annualized dividend and a yield of 1.95%. Wintrust Financial’s payout ratio is 19.40%.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial 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 value of $310,309.16. Following the completion of the sale, the chief financial officer now 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Richard B. Murphy sold 3,186 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $131.30, for a total value of $418,321.80. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 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.