Stone Ridge Asset Management LLC acquired a new position in shares of Wintrust Financial Co. (NASDAQ:WTFC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 9,663 shares of the bank’s stock, valued at approximately $796,000.
A number of other hedge funds also recently added to or reduced their stakes in WTFC. Cerebellum GP LLC purchased a new stake in Wintrust Financial during the fourth quarter worth about $126,000. Trust Co. of Toledo NA OH purchased a new stake in Wintrust Financial during the fourth quarter worth about $200,000. Magnetar Financial LLC purchased a new stake in Wintrust Financial during the third quarter worth about $204,000. Brown Advisory Inc. purchased a new stake in Wintrust Financial during the fourth quarter worth about $213,000. Finally, Exane Derivatives boosted its holdings in Wintrust Financial by 79.2% during the fourth quarter. Exane Derivatives now owns 2,971 shares of the bank’s stock worth $245,000 after buying an additional 1,313 shares in the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.
WTFC stock opened at $88.61 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. The stock has a market cap of $5,133.68, a PE ratio of 20.14, a price-to-earnings-growth ratio of 1.23 and a beta of 0.84. Wintrust Financial Co. has a 52-week low of $64.14 and a 52-week high of $91.67.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $0.76 dividend on an annualized basis and a yield of 0.86%. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.14. Wintrust Financial’s payout ratio is presently 17.27%.
A number of research firms recently commented on WTFC. FIG Partners downgraded shares of Wintrust Financial from an “outperform” rating to a “market perform” rating in a report on Monday, March 12th. BidaskClub raised shares of Wintrust Financial from a “hold” rating to a “buy” rating in a report on Friday, March 9th. DA Davidson boosted their price objective on shares of Wintrust Financial to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. ValuEngine raised shares of Wintrust Financial from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, Zacks Investment Research downgraded shares of Wintrust Financial from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $89.78.
In other Wintrust Financial news, CFO David L. Stoehr sold 5,268 shares of Wintrust Financial stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $87.59, for a total transaction of $461,424.12. Following the completion of the transaction, the chief financial officer now owns 11,347 shares in the company, valued at $993,883.73. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP David A. Dykstra sold 11,235 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $87.56, for a total transaction of $983,736.60. Following the completion of the transaction, the executive vice president now directly owns 39,365 shares of the company’s stock, valued at approximately $3,446,799.40. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 152 shares of company stock valued at $10,629 and have sold 30,676 shares valued at $2,687,566. Insiders own 1.97% of the company’s stock.
About Wintrust Financial
Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. 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), Internet banking, and other services.
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