Wintrust Financial Co. (NASDAQ:WTFC) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its stake in Wintrust Financial Co. (NASDAQ:WTFC) by 708.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,327 shares of the bank’s stock after purchasing an additional 15,185 shares during the quarter. BNP Paribas Financial Markets’ holdings in Wintrust Financial were worth $1,880,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of WTFC. Charles Schwab Investment Management Inc. increased its stake in Wintrust Financial by 36.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 802,841 shares of the bank’s stock worth $87,132,000 after buying an additional 213,559 shares in the last quarter. Choreo LLC purchased a new stake in shares of Wintrust Financial during the second quarter worth approximately $1,115,000. Allspring Global Investments Holdings LLC raised its stake in Wintrust Financial by 7.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 203,285 shares of the bank’s stock valued at $22,063,000 after purchasing an additional 14,699 shares during the last quarter. LMR Partners LLP purchased a new position in Wintrust Financial in the 3rd quarter valued at $499,000. Finally, Westfield Capital Management Co. LP boosted its stake in Wintrust Financial by 13.8% during the 3rd quarter. Westfield Capital Management Co. LP now owns 237,311 shares of the bank’s stock worth $25,755,000 after purchasing an additional 28,727 shares during the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wintrust Financial Stock Up 0.2 %

Shares of NASDAQ:WTFC opened at $136.75 on Friday. The business has a 50-day moving average price of $122.08 and a 200 day moving average price of $108.74. Wintrust Financial Co. has a 12-month low of $89.29 and a 12-month high of $142.04. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $9.09 billion, a price-to-earnings ratio of 14.32 and a beta of 1.18.

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

Wintrust Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Thursday, November 7th. Wintrust Financial’s dividend payout ratio (DPR) is 18.85%.

Insider Transactions at Wintrust Financial

In related news, COO David A. Dykstra sold 15,492 shares of the stock in a transaction dated 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 transaction, the chief operating officer now owns 197,591 shares of the company’s stock, valued at approximately $22,817,808.68. This represents a 7.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David L. Stoehr sold 1,607 shares of Wintrust Financial 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 completion of the transaction, the chief financial officer now directly 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 disclosure for this sale can be found here. Insiders sold a total of 21,198 shares of company stock worth $2,445,314 over the last ninety days. Company insiders own 1.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. DA Davidson increased their target price 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. Wedbush reissued an “outperform” rating and issued a $130.00 target price on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Barclays boosted their target price on Wintrust Financial from $130.00 to $151.00 and gave the stock an “overweight” rating in a report on Thursday. Truist Financial lifted their price objective on Wintrust Financial from $123.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Raymond James upped their target price on Wintrust Financial from $125.00 to $135.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $124.62.

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.