Arcataur Capital Management LLC Makes New $224,000 Investment in Wintrust Financial Co. (NASDAQ:WTFC)

Arcataur Capital Management LLC acquired a new stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,800 shares of the bank’s stock, valued at approximately $224,000.

A number of other hedge funds have also recently made changes to their positions in the business. International Assets Investment Management LLC bought a new position in Wintrust Financial in the 3rd quarter valued at about $35,000. UMB Bank n.a. raised its stake in shares of Wintrust Financial by 62.0% in 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 during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Wintrust Financial by 32.1% in the fourth quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock valued at $67,000 after purchasing an additional 131 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Wintrust Financial in the third quarter valued at approximately $61,000. Finally, Covestor Ltd boosted its position 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 buying an additional 286 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on WTFC. DA Davidson raised their price objective on Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Wedbush reissued an “outperform” rating and set a $130.00 price target on shares of Wintrust Financial in a research report on Tuesday, October 22nd. Truist Financial raised shares of Wintrust Financial to a “strong-buy” rating in a research report on Monday, January 6th. Piper Sandler lifted their target price on shares of Wintrust Financial from $151.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Citigroup upped their target price on Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $133.69.

Insider Buying and Selling

In related news, EVP Jeffrey D. Hahnfeld sold 416 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $130.95, for a total transaction of $54,475.20. Following the sale, the executive vice president now owns 2,276 shares of the company’s stock, valued at approximately $298,042.20. This represents a 15.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Richard B. Murphy sold 3,186 shares of Wintrust Financial stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $131.30, for a total value of $418,321.80. Following the transaction, the insider now directly owns 48,814 shares of the company’s stock, valued at $6,409,278.20. The trade was a 6.13 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,178 shares of company stock valued at $1,336,315. Company insiders own 1.47% of the company’s stock.

Wintrust Financial Stock Performance

Shares of WTFC opened at $130.04 on Friday. Wintrust Financial Co. has a 1 year low of $90.29 and a 1 year high of $142.04. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.00. The stock’s fifty day moving average price is $130.07 and its two-hundred day moving average price is $118.40. The firm has a market cap of $8.65 billion, a PE ratio of 12.61 and a beta of 1.19.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.11. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same period in the previous year, the company posted $1.87 EPS. On average, equities research analysts forecast that Wintrust Financial Co. will post 10.33 EPS for the current year.

Wintrust Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be paid a dividend of $0.50 per share. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, February 6th. Wintrust Financial’s dividend payout ratio is presently 19.40%.

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.