Wintrust Financial Co. (NASDAQ:WTFC) Shares Acquired by Fmr LLC

Fmr LLC lifted its holdings in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 14.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,153,999 shares of the bank’s stock after buying an additional 637,072 shares during the period. Fmr LLC owned approximately 7.75% of Wintrust Financial worth $559,364,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Chartwell Investment Partners LLC boosted its position in shares of Wintrust Financial by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 11,049 shares of the bank’s stock worth $1,200,000 after buying an additional 89 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Wintrust Financial by 11.7% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 866 shares of the bank’s stock worth $85,000 after buying an additional 91 shares during the period. Shaker Investments LLC OH raised its holdings in Wintrust Financial by 0.3% during the third quarter. Shaker Investments LLC OH now owns 28,928 shares of the bank’s stock worth $3,140,000 after purchasing an additional 96 shares in the last quarter. US Bancorp DE raised its holdings in Wintrust Financial by 0.5% during the third quarter. US Bancorp DE now owns 24,716 shares of the bank’s stock worth $2,682,000 after purchasing an additional 126 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its holdings in Wintrust Financial by 1.4% during the second quarter. Concurrent Investment Advisors LLC now owns 10,304 shares of the bank’s stock worth $1,016,000 after purchasing an additional 145 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Price Performance

Shares of NASDAQ:WTFC opened at $138.50 on Friday. The company’s fifty day moving average is $117.94 and its two-hundred day moving average is $107.01. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. Wintrust Financial Co. has a 12-month low of $82.90 and a 12-month high of $142.04. The company has a market cap of $9.21 billion, a P/E ratio of 14.50 and a beta of 1.15.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results 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). Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The firm had revenue of $615.73 million for the quarter, compared to analyst estimates of $623.45 million. During the same period last year, the firm earned $2.53 earnings per share. Wintrust Financial’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities analysts expect that Wintrust Financial Co. will post 10.12 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Thursday, November 7th. Wintrust Financial’s dividend payout ratio (DPR) is currently 18.85%.

Insider Buying and Selling

In related news, COO David A. Dykstra sold 15,492 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following the completion of the sale, the chief operating officer now directly owns 197,591 shares in the company, valued at approximately $22,817,808.68. This trade represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David L. Stoehr sold 1,607 shares of the stock in a transaction on Thursday, October 24th. The stock was 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 9.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,198 shares of company stock worth $2,445,314. Corporate insiders own 1.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Piper Sandler boosted their target price on Wintrust Financial from $131.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Wedbush reissued an “outperform” rating and set a $130.00 target price on shares of Wintrust Financial in a report on Tuesday, October 22nd. Truist Financial boosted 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. DA Davidson boosted their target price on Wintrust Financial from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Citigroup boosted their target price on Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Wintrust Financial has an average rating of “Moderate Buy” and an average price target of $123.00.

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.