Janney Montgomery Scott LLC Acquires 790 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Janney Montgomery Scott LLC boosted its holdings in Wintrust Financial Co. (NASDAQ:WTFC) by 8.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,539 shares of the bank’s stock after acquiring an additional 790 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Wintrust Financial were worth $1,144,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rosenthal Henry Capital Advisors Inc. boosted its position in Wintrust Financial by 1.2% in the third quarter. Rosenthal Henry Capital Advisors Inc. now owns 37,309 shares of the bank’s stock valued at $4,049,000 after buying an additional 460 shares in the last quarter. F M Investments LLC boosted its position in Wintrust Financial by 0.5% in the third quarter. F M Investments LLC now owns 120,830 shares of the bank’s stock valued at $13,114,000 after buying an additional 593 shares in the last quarter. Norris Perne & French LLP MI acquired a new position in Wintrust Financial in the third quarter valued at about $1,353,000. US Bancorp DE boosted its position in Wintrust Financial by 0.5% in the third quarter. US Bancorp DE now owns 24,716 shares of the bank’s stock valued at $2,682,000 after buying an additional 126 shares in the last quarter. Finally, Voisard Asset Management Group Inc. acquired a new position in Wintrust Financial in the third quarter valued at about $148,000. Institutional investors own 93.48% of the company’s stock.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial news, CFO David L. Stoehr sold 1,607 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total value of $182,330.22. Following the completion of the sale, the chief financial officer now owns 14,874 shares of the company’s stock, valued at approximately $1,687,604.04. This represents a 9.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO David A. Dykstra sold 15,492 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following the sale, the chief operating officer now directly owns 197,591 shares of the company’s stock, valued at $22,817,808.68. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,198 shares of company stock valued at $2,445,314. Corporate insiders own 1.47% of the company’s stock.

Wintrust Financial Trading Up 0.6 %

Shares of NASDAQ WTFC opened at $131.76 on Friday. The company’s 50 day simple moving average is $113.19 and its 200 day simple moving average is $105.02. Wintrust Financial Co. has a fifty-two week low of $82.90 and a fifty-two week high of $136.08. 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). Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The business had revenue of $615.73 million during the quarter, compared to analyst estimates of $623.45 million. During the same quarter in the prior year, the company earned $2.53 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. On average, analysts predict that Wintrust Financial Co. will post 10.12 EPS for the current year.

Wintrust Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, November 7th. Wintrust Financial’s payout ratio is presently 18.85%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. DA Davidson boosted their price target on shares of Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Raymond James boosted their price target on shares of Wintrust Financial from $125.00 to $135.00 and gave the company a “strong-buy” rating in a research report on Wednesday, October 23rd. Citigroup boosted their price target on shares of Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Truist Financial upped their target price on shares of Wintrust Financial from $123.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Wedbush reiterated an “outperform” rating and set a $130.00 target price on shares of Wintrust Financial in a research report on Tuesday, October 22nd. 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $123.00.

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.