Mutual of America Capital Management LLC Has $11.65 Million Stake in Wintrust Financial Co. (NASDAQ:WTFC)

Mutual of America Capital Management LLC grew its holdings in Wintrust Financial Co. (NASDAQ:WTFC) by 3.2% during the third quarter, Holdings Channel.com reports. The firm owned 107,377 shares of the bank’s stock after acquiring an additional 3,359 shares during the period. Mutual of America Capital Management LLC’s holdings in Wintrust Financial were worth $11,654,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Versant Capital Management Inc lifted its position in Wintrust Financial by 825.0% during the 2nd quarter. Versant Capital Management Inc now owns 296 shares of the bank’s stock worth $29,000 after buying an additional 264 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Wintrust Financial in the third quarter worth about $35,000. UMB Bank n.a. lifted its position in shares of Wintrust Financial by 62.0% during the third quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock worth $56,000 after purchasing an additional 196 shares in the last quarter. Covestor Ltd grew its stake in shares of Wintrust Financial by 77.9% during the third quarter. Covestor Ltd now owns 653 shares of the bank’s stock valued at $71,000 after purchasing an additional 286 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Wintrust Financial by 62.6% in the second 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. Institutional investors own 93.48% of the company’s stock.

Insider Buying and Selling at Wintrust Financial

In other news, insider Richard B. Murphy sold 4,099 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total transaction of $473,967.37. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David L. Stoehr sold 1,607 shares of the business’s 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 owns 14,874 shares in the company, valued at approximately $1,687,604.04. This represents a 9.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,198 shares of company stock valued at $2,445,314 in the last 90 days. Corporate insiders own 1.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. DA Davidson increased their price objective on Wintrust Financial from $125.00 to $130.00 and gave the company 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 research report on Wednesday, October 23rd. Wedbush reissued an “outperform” rating and set a $130.00 price objective on shares of Wintrust Financial in a report on Tuesday, October 22nd. Raymond James raised their target price on shares of Wintrust Financial from $125.00 to $135.00 and gave the company a “strong-buy” rating in a research note on Wednesday, October 23rd. Finally, Truist Financial boosted their price target on shares of Wintrust Financial from $123.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Wintrust Financial currently has a consensus rating of “Moderate Buy” and an average target price of $123.00.

Wintrust Financial Stock Up 0.6 %

WTFC opened at $131.76 on Monday. Wintrust Financial Co. has a fifty-two week low of $82.90 and a fifty-two week high of $136.08. The company’s 50-day moving average is $113.19 and its 200 day moving average is $105.13. The firm has a market capitalization of $8.76 billion, a P/E ratio of 13.80 and a beta of 1.15. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 1.01.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing the consensus estimate of $2.50 by ($0.03). The firm had revenue of $615.73 million for the quarter, compared to the consensus estimate of $623.45 million. Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. Wintrust Financial’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the company posted $2.53 earnings per share. Research analysts expect that Wintrust Financial Co. will post 10.12 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be given a $0.45 dividend. The ex-dividend date is Thursday, November 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.37%. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.85%.

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.