Huntington National Bank Grows Stock Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

Huntington National Bank increased its stake in Wintrust Financial Co. (NASDAQ:WTFC) by 3.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,971 shares of the bank’s stock after buying an additional 127 shares during the period. Huntington National Bank’s holdings in Wintrust Financial were worth $495,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Millstone Evans Group LLC purchased a new position in Wintrust Financial in the fourth quarter worth about $43,000. Global Retirement Partners LLC raised its holdings in 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 acquiring an additional 146 shares during the last quarter. Versant Capital Management Inc lifted its position in Wintrust Financial by 32.1% in the 4th quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock valued at $67,000 after acquiring an additional 131 shares in the last quarter. UMB Bank n.a. boosted its stake in Wintrust Financial by 32.2% during the 4th quarter. UMB Bank n.a. now owns 677 shares of the bank’s stock valued at $84,000 after purchasing an additional 165 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of Wintrust Financial by 920.9% in the 4th quarter. Jones Financial Companies Lllp now owns 684 shares of the bank’s stock worth $85,000 after purchasing an additional 617 shares in the last quarter. Institutional investors own 93.48% of the company’s stock.

Insider Activity

In other Wintrust Financial news, COO David A. Dykstra sold 4,213 shares of the business’s stock in a transaction 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 sale, the chief operating officer now owns 206,294 shares in the company, valued at $27,088,465.14. The trade was a 2.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David L. Stoehr sold 2,363 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $131.32, for a total value of $310,309.16. Following the transaction, the chief financial officer now owns 19,858 shares of the company’s stock, valued at approximately $2,607,752.56. The trade was a 10.63 % 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 quarter. Insiders own 1.47% of the company’s stock.

Wintrust Financial Stock Performance

WTFC opened at $96.28 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.00. Wintrust Financial Co. has a 1-year low of $89.10 and a 1-year high of $142.04. The company has a 50 day simple moving average of $120.32 and a two-hundred day simple moving average of $122.25. The firm has a market cap of $6.42 billion, a P/E ratio of 9.34 and a beta of 0.94.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Tuesday, January 21st. The bank reported $2.63 EPS for the quarter, beating 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 previous year, the firm earned $1.87 EPS. Equities analysts forecast that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.08%. Wintrust Financial’s dividend payout ratio (DPR) is currently 19.40%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Barclays increased their price objective on Wintrust Financial from $151.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Raymond James reiterated a “strong-buy” rating and issued a $150.00 price target (up from $135.00) on shares of Wintrust Financial in a research note on Thursday, January 23rd. UBS Group initiated coverage on shares of Wintrust Financial in a report on Tuesday, December 17th. They set a “buy” rating and a $157.00 price objective for the company. Truist Financial raised shares of Wintrust Financial to a “strong-buy” rating in a research report on Monday, January 6th. Finally, StockNews.com cut Wintrust Financial from a “hold” rating to a “sell” rating in a report on Saturday, February 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.