Gateway Wealth Partners LLC Invests $575,000 in Wintrust Financial Corporation $WTFC

Gateway Wealth Partners LLC bought a new stake in Wintrust Financial Corporation (NASDAQ:WTFC) in the first quarter, Holdings Channel reports. The institutional investor bought 4,138 shares of the bank’s stock, valued at approximately $575,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. F m Investments LLC grew its position in shares of Wintrust Financial by 61.6% during the fourth quarter. F m Investments LLC now owns 70,857 shares of the bank’s stock worth $9,907,000 after purchasing an additional 27,013 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in Wintrust Financial by 22.5% in the 4th quarter. Westfield Capital Management Co. LP now owns 559,762 shares of the bank’s stock worth $78,266,000 after purchasing an additional 102,798 shares in the last quarter. Artemis Investment Management LLP purchased a new position in Wintrust Financial in the 4th quarter worth approximately $59,287,000. Horizon Investments LLC boosted its stake in Wintrust Financial by 79.8% in the 4th quarter. Horizon Investments LLC now owns 33,287 shares of the bank’s stock worth $4,654,000 after purchasing an additional 14,776 shares during the period. Finally, Nicholas Investment Partners LP boosted its stake in Wintrust Financial by 6.2% in the 4th quarter. Nicholas Investment Partners LP now owns 117,590 shares of the bank’s stock worth $16,441,000 after purchasing an additional 6,917 shares during the period. 93.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Wintrust Financial

In related news, Director Suzet M. Mckinney sold 500 shares of Wintrust Financial stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $148.96, for a total value of $74,480.00. Following the completion of the transaction, the director owned 3,303 shares in the company, valued at approximately $492,014.88. This trade represents a 13.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.24% of the company’s stock.

Wintrust Financial Trading Up 0.3%

Shares of WTFC opened at $159.65 on Friday. The company’s fifty day moving average is $157.37 and its 200 day moving average is $149.89. Wintrust Financial Corporation has a fifty-two week low of $119.61 and a fifty-two week high of $167.21. The stock has a market capitalization of $10.77 billion, a PE ratio of 12.82 and a beta of 0.84. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.97 and a current ratio of 0.98.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Monday, July 20th. The bank reported $3.30 EPS for the quarter, beating the consensus estimate of $3.15 by $0.15. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. The business had revenue of $738.63 million during the quarter, compared to analyst estimates of $735.36 million. During the same quarter last year, the business earned $2.78 earnings per share. Wintrust Financial’s quarterly revenue was up 10.1% compared to the same quarter last year. Sell-side analysts expect that Wintrust Financial Corporation will post 13.04 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 6th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.4%. Wintrust Financial’s dividend payout ratio (DPR) is presently 17.67%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on WTFC shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Wintrust Financial in a research report on Monday, June 29th. Brean Capital lowered shares of Wintrust Financial from a “buy” rating to a “neutral” rating and set a $170.00 target price for the company. in a research report on Tuesday, July 21st. TD Cowen cut their target price on shares of Wintrust Financial from $184.00 to $183.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. DA Davidson lifted their price target on shares of Wintrust Financial from $185.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Finally, Royal Bank Of Canada boosted their price target on shares of Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Wintrust Financial presently has an average rating of “Moderate Buy” and an average target price of $177.77.

Wintrust Financial Company Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.