Versor Investments LP Sells 3,100 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Versor Investments LP cut its holdings in Wintrust Financial Co. (NASDAQ:WTFC) by 60.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,005 shares of the bank’s stock after selling 3,100 shares during the period. Versor Investments LP’s holdings in Wintrust Financial were worth $250,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. FMR LLC lifted its stake in shares of Wintrust Financial by 14.1% in the 3rd quarter. FMR LLC now owns 5,153,999 shares of the bank’s stock valued at $559,364,000 after acquiring an additional 637,072 shares during the last quarter. State Street Corp increased its stake in Wintrust Financial by 5.1% in the 3rd quarter. State Street Corp now owns 2,627,561 shares of the bank’s stock worth $285,169,000 after purchasing an additional 126,724 shares during the period. Principal Financial Group Inc. increased its stake in Wintrust Financial by 11.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank’s stock worth $141,981,000 after purchasing an additional 133,311 shares during the period. Geode Capital Management LLC lifted its position in Wintrust Financial by 8.8% in the third quarter. Geode Capital Management LLC now owns 1,155,726 shares of the bank’s stock valued at $125,464,000 after purchasing an additional 92,995 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Wintrust Financial by 36.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 802,841 shares of the bank’s stock valued at $87,132,000 after purchasing an additional 213,559 shares during the period. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Barclays upped their price target on shares of Wintrust Financial from $151.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Truist Financial raised shares of Wintrust Financial to a “strong-buy” rating in a research note on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $152.00 target price on shares of Wintrust Financial in a research note on Thursday, January 23rd. Piper Sandler upped their price target on Wintrust Financial from $151.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Raymond James reiterated a “strong-buy” rating and issued a $150.00 price objective (up from $135.00) on shares of Wintrust Financial in a research report on Thursday, January 23rd. One 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 issued a strong buy rating to the company. Based on data from MarketBeat, Wintrust Financial has an average rating of “Moderate Buy” and a consensus target price of $133.69.

Wintrust Financial Trading Down 2.1 %

WTFC opened at $121.83 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. Wintrust Financial Co. has a 52 week low of $91.38 and a 52 week high of $142.04. The stock has a market cap of $8.10 billion, a PE ratio of 11.82 and a beta of 1.19. The business has a 50 day moving average of $128.63 and a 200-day moving average of $121.38.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $2.63 EPS for the quarter, beating 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 earned $1.87 earnings per share. Equities research 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 disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Thursday, February 6th. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.45. Wintrust Financial’s dividend payout ratio is 19.40%.

Insider Buying and Selling at Wintrust Financial

In other news, COO David A. Dykstra sold 4,213 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $131.31, for a total value of $553,209.03. Following the sale, the chief operating officer now directly owns 206,294 shares of the company’s stock, valued at approximately $27,088,465.14. This represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jeffrey D. Hahnfeld sold 416 shares of Wintrust Financial 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 completion of the transaction, the executive vice president now directly owns 2,276 shares of the company’s stock, valued at approximately $298,042.20. This represents a 15.45 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,178 shares of company stock valued at $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.