CIBC Asset Management Inc Buys Shares of 1,882 Wintrust Financial Co. (NASDAQ:WTFC)

CIBC Asset Management Inc bought a new position in shares of Wintrust Financial Co. (NASDAQ:WTFC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,882 shares of the bank’s stock, valued at approximately $235,000.

A number of other large investors also recently modified their holdings of the business. International Assets Investment Management LLC acquired a new stake in Wintrust Financial during the third quarter worth about $35,000. Brooklyn Investment Group bought a new position in shares of Wintrust Financial during the third quarter valued at approximately $61,000. Versant Capital Management Inc raised its position in shares of Wintrust Financial by 32.1% during the 4th quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock worth $67,000 after purchasing an additional 131 shares during the period. Covestor Ltd raised its position in shares of Wintrust Financial by 77.9% during 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, UMB Bank n.a. lifted its holdings in shares of Wintrust Financial by 32.2% in the 4th quarter. UMB Bank n.a. now owns 677 shares of the bank’s stock worth $84,000 after purchasing an additional 165 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors.

Wintrust Financial Stock Down 0.7 %

WTFC opened at $122.80 on Wednesday. The firm has a market cap of $8.17 billion, a P/E ratio of 11.91 and a beta of 1.19. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01. The business has a 50 day moving average price of $128.71 and a 200 day moving average price of $120.69. Wintrust Financial Co. has a twelve month low of $91.38 and a twelve month high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $2.63 EPS for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm earned $1.87 EPS. Research analysts forecast that Wintrust Financial Co. will post 10.36 EPS for the current year.

Wintrust Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.63%. The ex-dividend date was Thursday, February 6th. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.45. Wintrust Financial’s dividend payout ratio (DPR) is 19.40%.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial news, CFO David L. Stoehr sold 2,363 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $131.32, for a total value of $310,309.16. Following the sale, the chief financial officer now owns 19,858 shares of the company’s stock, valued at $2,607,752.56. This trade represents a 10.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jeffrey D. Hahnfeld sold 416 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $130.95, for a total value of $54,475.20. Following the completion of the sale, the executive vice president now directly owns 2,276 shares in the company, valued at $298,042.20. This trade represents a 15.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,178 shares of company stock worth $1,336,315 over the last 90 days. Insiders own 1.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $152.00 price target on shares of Wintrust Financial in a report on Thursday, January 23rd. Barclays increased their target price on shares of Wintrust Financial from $151.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Piper Sandler upped their price target on Wintrust Financial from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. StockNews.com cut Wintrust Financial from a “hold” rating to a “sell” rating in a report on Saturday, February 15th. Finally, Raymond James reaffirmed a “strong-buy” rating and issued a $150.00 price target (up previously from $135.00) on shares of Wintrust Financial in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $133.69.

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.