Norris Perne & French LLP MI Makes New Investment in Wintrust Financial Co. (NASDAQ:WTFC)

Norris Perne & French LLP MI bought a new position in shares of Wintrust Financial Co. (NASDAQ:WTFC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,462 shares of the bank’s stock, valued at approximately $1,353,000.

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

Analysts Set New Price Targets

Several brokerages recently weighed in on WTFC. Keefe, Bruyette & Woods cut shares of 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 research report on Friday, July 19th. Wedbush reaffirmed an “outperform” rating and issued a $130.00 price target on shares of Wintrust Financial in a report on Tuesday, October 22nd. DA Davidson boosted their price objective on 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 lifted their target price on Wintrust Financial from $123.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Citigroup increased their price target on Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Wintrust Financial has an average rating of “Moderate Buy” and a consensus price target of $123.00.

Wintrust Financial Trading Down 1.4 %

WTFC stock opened at $115.89 on Friday. The company has a market capitalization of $7.71 billion, a PE ratio of 12.14 and a beta of 1.16. The firm’s 50-day moving average is $108.83 and its 200 day moving average is $102.81. Wintrust Financial Co. has a 12 month low of $73.37 and a 12 month high of $118.69. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 1.01.

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

Wintrust Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.55%. Wintrust Financial’s payout ratio is currently 18.85%.

Insiders Place Their Bets

In related news, CFO David L. Stoehr sold 1,607 shares of Wintrust Financial stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total transaction of $182,330.22. Following the transaction, the chief financial officer now directly owns 14,874 shares of the company’s stock, valued at $1,687,604.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other Wintrust Financial news, insider Richard B. Murphy sold 4,099 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total value of $473,967.37. Following the completion of the sale, the insider now directly owns 42,311 shares in the company, valued at $4,892,420.93. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David L. Stoehr sold 1,607 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total value of $182,330.22. Following the sale, the chief financial officer now owns 14,874 shares of the company’s stock, valued at approximately $1,687,604.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,198 shares of company stock worth $2,445,314 in the last three months. Corporate insiders own 1.47% of the company’s stock.

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.