Versant Capital Management Inc Purchases 131 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Versant Capital Management Inc raised its position in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 32.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 539 shares of the bank’s stock after purchasing an additional 131 shares during the quarter. Versant Capital Management Inc’s holdings in Wintrust Financial were worth $67,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WTFC. International Assets Investment Management LLC bought a new stake in Wintrust Financial during the third quarter valued at approximately $35,000. UMB Bank n.a. increased its stake in shares of Wintrust Financial by 62.0% in the 3rd quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock worth $56,000 after purchasing an additional 196 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Wintrust Financial in the 3rd quarter worth $61,000. Covestor Ltd raised its holdings in Wintrust Financial by 77.9% in the 3rd quarter. Covestor Ltd now owns 653 shares of the bank’s stock worth $71,000 after purchasing an additional 286 shares during the period. Finally, GAMMA Investing LLC lifted its position in Wintrust Financial by 24.0% during the third quarter. GAMMA Investing LLC now owns 1,014 shares of the bank’s stock valued at $110,000 after purchasing an additional 196 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wintrust Financial Stock Up 1.5 %

Shares of WTFC opened at $125.81 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 1.01. The stock has a market capitalization of $8.37 billion, a price-to-earnings ratio of 13.17 and a beta of 1.18. Wintrust Financial Co. has a 1 year low of $89.68 and a 1 year high of $142.04. The business’s 50 day simple moving average is $128.94 and its 200-day simple moving average is $113.35.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Monday, October 21st. The bank reported $2.47 EPS 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 for the quarter, compared to the consensus estimate of $623.45 million. During the same quarter last year, the business earned $2.53 EPS. Wintrust Financial’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, equities analysts expect that Wintrust Financial Co. will post 10.12 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Thursday, November 7th. This represents a $1.80 annualized dividend and a yield of 1.43%. Wintrust Financial’s payout ratio is currently 18.85%.

Wall Street Analyst Weigh In

WTFC has been the topic of several recent research reports. Piper Sandler raised their price objective on Wintrust Financial from $131.00 to $136.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. DA Davidson lifted their price target on shares of Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. StockNews.com cut shares of Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Friday. Barclays lifted their target price on shares of Wintrust Financial from $130.00 to $151.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Finally, Raymond James increased their price target on Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $128.00.

Insiders Place Their Bets

In other news, COO David A. Dykstra sold 15,492 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $115.48, for a total value of $1,789,016.16. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO David L. Stoehr sold 1,607 shares of Wintrust Financial stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $113.46, for a total transaction of $182,330.22. Following 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 have sold 21,198 shares of company stock valued at $2,445,314 over the last ninety days. 1.47% of the stock is owned by insiders.

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.