Natixis Advisors LLC Boosts Holdings in Wintrust Financial Corporation $WTFC

Natixis Advisors LLC raised its position in Wintrust Financial Corporation (NASDAQ:WTFC) by 11.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 182,733 shares of the bank’s stock after purchasing an additional 18,874 shares during the period. Natixis Advisors LLC owned 0.27% of Wintrust Financial worth $24,201,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Advisors Asset Management Inc. purchased a new position in Wintrust Financial during the first quarter worth about $27,000. Jones Financial Companies Lllp raised its holdings in shares of Wintrust Financial by 49.0% in the 1st quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank’s stock valued at $115,000 after acquiring an additional 335 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Wintrust Financial by 7.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 179,430 shares of the bank’s stock valued at $20,179,000 after acquiring an additional 12,103 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Wintrust Financial by 1.2% during the 2nd quarter. Bank of Montreal Can now owns 35,578 shares of the bank’s stock valued at $4,411,000 after acquiring an additional 411 shares during the last quarter. Finally, Savant Capital LLC grew its holdings in shares of Wintrust Financial by 201.9% during the second quarter. Savant Capital LLC now owns 6,060 shares of the bank’s stock worth $751,000 after purchasing an additional 4,053 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Insider Buying and Selling at Wintrust Financial

In other news, insider Richard B. Murphy sold 3,291 shares of the company’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $146.05, for a total transaction of $480,650.55. Following the completion of the transaction, the insider directly owned 46,049 shares of the company’s stock, valued at approximately $6,725,456.45. This represents a 6.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO David L. Stoehr sold 2,499 shares of the company’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $146.16, for a total transaction of $365,253.84. Following the transaction, the chief financial officer directly owned 18,638 shares of the company’s stock, valued at approximately $2,724,130.08. This trade represents a 11.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,662 shares of company stock worth $1,705,730 over the last ninety days. 1.01% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have commented on WTFC. Stephens boosted their price target on shares of Wintrust Financial from $158.00 to $162.00 and gave the stock an “overweight” rating in a research note on Thursday, January 22nd. TD Cowen lifted their price objective on shares of Wintrust Financial from $170.00 to $177.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. UBS Group reiterated a “buy” rating and issued a $176.00 target price on shares of Wintrust Financial in a research report on Wednesday, February 4th. Piper Sandler increased their target price on Wintrust Financial from $161.00 to $184.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. Finally, Barclays raised their price target on Wintrust Financial from $178.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $165.31.

Wintrust Financial Price Performance

Shares of Wintrust Financial stock opened at $136.62 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.99. Wintrust Financial Corporation has a one year low of $89.10 and a one year high of $162.96. The business’s 50 day simple moving average is $148.34 and its two-hundred day simple moving average is $138.93. The stock has a market capitalization of $9.19 billion, a P/E ratio of 11.98 and a beta of 0.85.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Tuesday, January 20th. The bank reported $3.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. Wintrust Financial had a return on equity of 12.95% and a net margin of 19.48%.The firm had revenue of $714.26 million during the quarter, compared to analyst estimates of $700.85 million. During the same quarter in the prior year, the firm posted $2.63 earnings per share. Analysts forecast that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Wintrust Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 5th were issued a dividend of $0.55 per share. The ex-dividend date was Thursday, February 5th. This represents a $2.20 dividend on an annualized basis and a yield of 1.6%. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.50. Wintrust Financial’s dividend payout ratio (DPR) is currently 19.30%.

Wintrust Financial Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.