Wintrust Financial Co. (NASDAQ:WTFC) Stock Holdings Lowered by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its stake in Wintrust Financial Co. (NASDAQ:WTFC) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,409 shares of the bank’s stock after selling 333 shares during the period. Commonwealth Equity Services LLC’s holdings in Wintrust Financial were worth $1,173,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WTFC. Global Retirement Partners LLC grew its stake in shares of Wintrust Financial by 63.5% in the 4th quarter. Global Retirement Partners LLC now owns 376 shares of the bank’s stock worth $47,000 after purchasing an additional 146 shares during the last quarter. Versant Capital Management Inc grew its position in Wintrust Financial by 32.1% in the fourth quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock worth $67,000 after buying an additional 131 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Wintrust Financial by 32.2% in the fourth quarter. UMB Bank n.a. now owns 677 shares of the bank’s stock valued at $84,000 after buying an additional 165 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Wintrust Financial by 920.9% during the 4th quarter. Jones Financial Companies Lllp now owns 684 shares of the bank’s stock valued at $85,000 after acquiring an additional 617 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Wintrust Financial by 23.9% during the 4th quarter. GAMMA Investing LLC now owns 1,256 shares of the bank’s stock worth $157,000 after acquiring an additional 242 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Wintrust Financial news, COO David A. Dykstra sold 4,213 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $131.31, for a total transaction of $553,209.03. Following the transaction, the chief operating officer now directly owns 206,294 shares in the company, valued at $27,088,465.14. This trade represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeffrey D. Hahnfeld sold 416 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $130.95, for a total value of $54,475.20. Following the sale, the executive vice president now owns 2,276 shares of the company’s stock, valued at approximately $298,042.20. This trade represents a 15.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,178 shares of company stock valued at $1,336,315 over the last ninety days. Corporate insiders own 1.47% of the company’s stock.

Wintrust Financial Price Performance

Shares of NASDAQ:WTFC opened at $112.46 on Tuesday. The business has a fifty day simple moving average of $122.56 and a 200 day simple moving average of $122.48. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. Wintrust Financial Co. has a 1 year low of $91.38 and a 1 year high of $142.04. The firm has a market cap of $7.50 billion, a price-to-earnings ratio of 10.91 and a beta of 1.16.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates 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 posted $1.87 earnings per share. As a group, sell-side analysts predict that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were paid a $0.50 dividend. The ex-dividend date was Thursday, February 6th. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 1.78%. Wintrust Financial’s payout ratio is 19.40%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Truist Financial raised Wintrust Financial to a “strong-buy” rating in a report on Monday, January 6th. Piper Sandler upped their price objective on shares of Wintrust Financial from $151.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. UBS Group assumed coverage on shares of Wintrust Financial in a research report on Tuesday, December 17th. They issued a “buy” rating and a $157.00 target price on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $152.00 price target on shares of Wintrust Financial in a research report on Thursday, January 23rd. Finally, Barclays lifted their price objective on shares of Wintrust Financial from $151.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.69.

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.