81,104 Shares in Wintrust Financial Co. (NASDAQ:WTFC) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of Wintrust Financial Co. (NASDAQ:WTFC) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 81,104 shares of the bank’s stock, valued at approximately $10,114,000. Proficio Capital Partners LLC owned about 0.12% of Wintrust Financial at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Global Retirement Partners LLC lifted its position in Wintrust Financial by 63.5% during the 4th quarter. Global Retirement Partners LLC now owns 376 shares of the bank’s stock worth $47,000 after acquiring an additional 146 shares during the period. Brooklyn Investment Group acquired a new stake in Wintrust Financial during the 3rd quarter worth about $61,000. Versant Capital Management Inc lifted its position in 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 acquiring an additional 131 shares during the period. UMB Bank n.a. lifted its position in Wintrust Financial by 32.2% during the 4th quarter. UMB Bank n.a. now owns 677 shares of the bank’s stock worth $84,000 after acquiring an additional 165 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in Wintrust Financial by 920.9% during the 4th quarter. Jones Financial Companies Lllp now owns 684 shares of the bank’s stock worth $85,000 after acquiring an additional 617 shares during the period. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Wintrust Financial Price Performance

NASDAQ:WTFC opened at $110.85 on Friday. Wintrust Financial Co. has a 12 month low of $91.38 and a 12 month high of $142.04. The stock has a 50 day moving average of $126.13 and a two-hundred day moving average of $121.75. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The firm has a market cap of $7.39 billion, a P/E ratio of 10.75 and a beta of 1.16.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Tuesday, January 21st. The bank reported $2.63 EPS for the quarter, topping 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 last year, the company posted $1.87 earnings per share. On average, analysts expect that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were paid a dividend of $0.50 per share. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 1.80%. The ex-dividend date was Thursday, February 6th. Wintrust Financial’s payout ratio is 19.40%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Truist Financial raised Wintrust Financial to a “strong-buy” rating in a research report on Monday, January 6th. Raymond James reissued a “strong-buy” rating and issued a $150.00 price objective (up previously from $135.00) on shares of Wintrust Financial in a report on Thursday, January 23rd. UBS Group assumed coverage on Wintrust Financial in a report on Tuesday, December 17th. They issued a “buy” rating and a $157.00 price objective for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $152.00 price objective on shares of Wintrust Financial in a report on Thursday, January 23rd. Finally, Barclays lifted their price target on Wintrust Financial from $151.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $133.69.

Insiders Place Their Bets

In other news, EVP Jeffrey D. Hahnfeld sold 416 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was 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 represents a 15.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO David A. Dykstra sold 4,213 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $131.31, for a total value of $553,209.03. Following the completion of the sale, the chief operating officer now owns 206,294 shares of the company’s stock, valued at $27,088,465.14. This trade represents a 2.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 10,178 shares of company stock worth $1,336,315. Corporate insiders own 1.47% of the company’s stock.

About Wintrust Financial

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.