Wintrust Financial Co. (NASDAQ:WTFC) Shares Purchased by Creative Planning

Creative Planning boosted its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 21.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,341 shares of the bank’s stock after buying an additional 2,375 shares during the quarter. Creative Planning’s holdings in Wintrust Financial were worth $1,448,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in WTFC. Vanguard Group Inc. grew its holdings in shares of Wintrust Financial by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank’s stock worth $673,603,000 after acquiring an additional 244,168 shares during the period. Dimensional Fund Advisors LP grew its holdings in Wintrust Financial by 5.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,017,295 shares of the bank’s stock valued at $297,376,000 after purchasing an additional 146,090 shares during the last quarter. F M Investments LLC acquired a new stake in Wintrust Financial in the second quarter valued at $11,850,000. Allspring Global Investments Holdings LLC increased its position in shares of Wintrust Financial by 157.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 190,416 shares of the bank’s stock valued at $19,878,000 after buying an additional 116,503 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. boosted its position in shares of Wintrust Financial by 15.5% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 630,824 shares of the bank’s stock worth $62,174,000 after buying an additional 84,687 shares in the last quarter. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WTFC has been the subject of several recent research reports. Citigroup raised their target price on shares of Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. DA Davidson raised their price objective on shares of Wintrust Financial from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Truist Financial upped their target price on Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Jefferies Financial Group dropped their price target on Wintrust Financial from $118.00 to $116.00 and set a “buy” rating for the company in a research report on Wednesday, July 3rd. Finally, Keefe, Bruyette & Woods cut Wintrust Financial from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $110.00 to $115.00 in a report on Friday, July 19th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $123.00.

Insider Activity at Wintrust Financial

In other Wintrust Financial news, CFO David L. Stoehr sold 1,607 shares of the company’s 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 completion of the sale, the chief financial officer now directly owns 14,874 shares in the company, valued at $1,687,604.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, COO David A. Dykstra sold 15,492 shares of Wintrust Financial stock in a transaction on Tuesday, October 29th. The shares were 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 in the company, valued at approximately $22,817,808.68. The trade was a 0.00 % decrease in their position. The transaction 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 the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $113.46, for a total transaction of $182,330.22. Following the sale, the chief financial officer now directly owns 14,874 shares of the company’s stock, valued at approximately $1,687,604.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.47% of the stock is owned by insiders.

Wintrust Financial Stock Down 0.3 %

WTFC opened at $115.69 on Wednesday. The stock has a market capitalization of $7.69 billion, a price-to-earnings ratio of 12.11 and a beta of 1.16. Wintrust Financial Co. has a 12 month low of $73.02 and a 12 month high of $117.77. 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 business has a 50-day moving average of $108.26 and a two-hundred day moving average of $102.62.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, October 21st. The bank reported $2.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). The company had revenue of $615.73 million during the quarter, compared to analysts’ expectations of $623.45 million. Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. Wintrust Financial’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.53 earnings per share. On average, research analysts expect that Wintrust Financial Co. will post 10.13 earnings per share for the current year.

Wintrust Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Thursday, November 7th. Wintrust Financial’s dividend payout ratio (DPR) is currently 18.85%.

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.