Harbor Capital Advisors Inc. Has $9.65 Million Position in Wintrust Financial Co. (NASDAQ:WTFC)

Harbor Capital Advisors Inc. cut its position in Wintrust Financial Co. (NASDAQ:WTFC) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,399 shares of the bank’s stock after selling 3,613 shares during the period. Harbor Capital Advisors Inc. owned about 0.12% of Wintrust Financial worth $9,652,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Chartwell Investment Partners LLC raised its stake in Wintrust Financial by 0.8% during the 3rd 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. Shaker Investments LLC OH raised its position in shares of 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 during the period. Captrust Financial Advisors raised its position in shares of Wintrust Financial by 2.8% during the third quarter. Captrust Financial Advisors now owns 3,859 shares of the bank’s stock worth $419,000 after purchasing an additional 104 shares during the period. MML Investors Services LLC lifted its holdings in shares of Wintrust Financial by 1.7% during the 3rd quarter. MML Investors Services LLC now owns 6,201 shares of the bank’s stock valued at $673,000 after purchasing an additional 106 shares in the last quarter. Finally, US Bancorp DE lifted its stake in Wintrust Financial by 0.5% in the third quarter. US Bancorp DE now owns 24,716 shares of the bank’s stock valued at $2,682,000 after buying an additional 126 shares in the last quarter. 93.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

WTFC has been the subject of several recent research reports. Barclays upped their price objective on Wintrust Financial from $130.00 to $151.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. DA Davidson increased 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. Raymond James lifted their target price on Wintrust Financial from $125.00 to $135.00 and gave the company a “strong-buy” rating in a research report on Wednesday, October 23rd. Piper Sandler increased their price target on Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Citigroup raised their price target on Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $128.00.

Wintrust Financial Stock Performance

Shares of NASDAQ:WTFC traded down $5.52 on Friday, hitting $122.74. The company had a trading volume of 115,849 shares, compared to its average volume of 346,646. The stock has a 50 day moving average price of $129.87 and a 200 day moving average price of $114.02. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73. The stock has a market cap of $8.16 billion, a price-to-earnings ratio of 12.85 and a beta of 1.20. Wintrust Financial Co. has a 1-year low of $89.68 and a 1-year high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). The firm had revenue of $615.73 million for 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%. Wintrust Financial’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $2.53 EPS. Analysts expect that Wintrust Financial Co. will post 10.12 EPS for the current year.

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.47%. Wintrust Financial’s payout ratio is presently 18.85%.

Insider Activity at Wintrust Financial

In other 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 value 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 approximately $1,687,604.04. The trade was a 9.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO David A. Dykstra sold 15,492 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total value of $1,789,016.16. Following the sale, the chief operating officer now directly owns 197,591 shares in the company, valued at $22,817,808.68. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,198 shares of company stock worth $2,445,314. Corporate insiders own 1.47% of the company’s stock.

Wintrust Financial Company 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.