Vest Financial LLC Has $13.92 Million Stock Holdings in Wintrust Financial Corporation $WTFC

Vest Financial LLC raised its holdings in Wintrust Financial Corporation (NASDAQ:WTFC) by 10.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 112,236 shares of the bank’s stock after acquiring an additional 11,008 shares during the quarter. Vest Financial LLC owned about 0.17% of Wintrust Financial worth $13,915,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in WTFC. GAMMA Investing LLC lifted its stake in Wintrust Financial by 89.8% in the first quarter. GAMMA Investing LLC now owns 2,384 shares of the bank’s stock valued at $268,000 after acquiring an additional 1,128 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Wintrust Financial in the first quarter worth $403,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Wintrust Financial by 27.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,612 shares of the bank’s stock worth $856,000 after buying an additional 1,655 shares during the last quarter. Hennessy Advisors Inc. lifted its stake in shares of Wintrust Financial by 100.0% in the first quarter. Hennessy Advisors Inc. now owns 18,000 shares of the bank’s stock worth $2,024,000 after buying an additional 9,000 shares during the last quarter. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Wintrust Financial in the first quarter worth $38,000. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Stock Up 2.3%

WTFC opened at $128.43 on Tuesday. The firm’s 50-day simple moving average is $132.30 and its 200-day simple moving average is $123.47. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01. Wintrust Financial Corporation has a twelve month low of $89.10 and a twelve month high of $142.04. The firm has a market cap of $8.60 billion, a price-to-earnings ratio of 12.15 and a beta of 0.83.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Monday, July 21st. The bank reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.19. The business had revenue of $670.78 million for the quarter, compared to analyst estimates of $661.43 million. Wintrust Financial had a net margin of 18.06% and a return on equity of 12.08%. During the same quarter in the prior year, the firm earned $2.32 EPS. Equities research analysts anticipate that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, August 7th. This represents a $2.00 annualized dividend and a yield of 1.6%. Wintrust Financial’s dividend payout ratio is 18.92%.

Insider Activity

In related news, COO David A. Dykstra sold 14,942 shares of the company’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $131.53, for a total transaction of $1,965,321.26. Following the transaction, the chief operating officer owned 182,208 shares in the company, valued at $23,965,818.24. This represents a 7.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward J. Wehmer purchased 3,919 shares of Wintrust Financial stock in a transaction that occurred on Friday, July 25th. The shares were bought at an average price of $26.35 per share, for a total transaction of $103,265.65. Following the transaction, the insider owned 3,919 shares in the company, valued at $103,265.65. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.01% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on WTFC. Raymond James Financial restated a “strong-buy” rating and issued a $157.00 price objective (up from $155.00) on shares of Wintrust Financial in a research note on Wednesday, July 23rd. TD Cowen started coverage on shares of Wintrust Financial in a research note on Thursday, September 25th. They issued a “buy” rating and a $166.00 price objective for the company. Piper Sandler reaffirmed an “overweight” rating and set a $160.00 target price (up previously from $141.00) on shares of Wintrust Financial in a research report on Wednesday, July 23rd. Jefferies Financial Group boosted their target price on shares of Wintrust Financial from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Finally, Truist Financial boosted their target price on shares of Wintrust Financial from $137.00 to $151.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $149.57.

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.