Wintrust Financial Corporation $WTFC Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lessened its stake in Wintrust Financial Corporation (NASDAQ:WTFC) by 49.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,666 shares of the bank’s stock after selling 9,550 shares during the quarter. Park Avenue Securities LLC’s holdings in Wintrust Financial were worth $1,371,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Parallel Advisors LLC raised its stake in shares of Wintrust Financial by 7.7% during the 1st quarter. Parallel Advisors LLC now owns 976 shares of the bank’s stock worth $136,000 after purchasing an additional 70 shares in the last quarter. HB Wealth Management LLC increased its holdings in Wintrust Financial by 4.6% during the second quarter. HB Wealth Management LLC now owns 2,072 shares of the bank’s stock worth $333,000 after buying an additional 91 shares during the last quarter. Compound Planning Inc. increased its holdings in Wintrust Financial by 5.3% during the first quarter. Compound Planning Inc. now owns 1,868 shares of the bank’s stock worth $260,000 after buying an additional 94 shares during the last quarter. Clearwater Capital Advisors LLC raised its position in Wintrust Financial by 7.3% during the first quarter. Clearwater Capital Advisors LLC now owns 1,596 shares of the bank’s stock worth $222,000 after acquiring an additional 109 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in Wintrust Financial by 8.9% during the second quarter. Versant Capital Management Inc now owns 1,348 shares of the bank’s stock worth $217,000 after acquiring an additional 110 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors.

Wintrust Financial Price Performance

WTFC stock opened at $152.38 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.98 and a quick ratio of 0.97. The stock has a market capitalization of $10.28 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 1.12 and a beta of 0.86. The business’s fifty day moving average price is $148.03 and its two-hundred day moving average price is $150.18. Wintrust Financial Corporation has a fifty-two week low of $122.00 and a fifty-two week high of $167.21.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Monday, October 19th. The bank reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.06. The company had revenue of $757.88 million during the quarter, compared to the consensus estimate of $754.54 million. Wintrust Financial had a net margin of 21.03% and a return on equity of 13.31%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $3.06 earnings per share. On average, equities analysts anticipate that Wintrust Financial Corporation will post 13.29 earnings per share for the current year.

Wintrust Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Thursday, November 5th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Thursday, November 5th. This represents a $2.20 annualized dividend and a yield of 1.4%. Wintrust Financial’s dividend payout ratio is presently 16.87%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WTFC. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wintrust Financial in a report on Friday, September 25th. Brean Capital downgraded Wintrust Financial from a “buy” rating to a “neutral” rating and set a $170.00 price target on the stock. in a research report on Tuesday, July 21st. UBS Group raised Wintrust Financial from a “neutral” rating to a “buy” rating and raised their price objective for the company from $160.00 to $180.00 in a research report on Thursday. DA Davidson set a $180.00 target price on Wintrust Financial in a research note on Tuesday, October 20th. Finally, TD Cowen boosted their target price on Wintrust Financial from $173.00 to $174.00 and gave the stock a “buy” rating in a report on Wednesday, October 21st. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $175.14.

Insider Buying and Selling

In other news, COO David A. Dykstra sold 13,515 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $162.77, for a total value of $2,199,836.55. Following the completion of the transaction, the chief operating officer directly owned 166,449 shares in the company, valued at approximately $27,092,903.73. This represents a 7.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard B. Murphy sold 7,136 shares of the firm’s stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $148.66, for a total value of $1,060,837.76. Following the sale, the insider directly owned 30,107 shares in the company, valued at approximately $4,475,706.62. This trade represents a 19.16% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.24% of the company’s stock.

Wintrust Financial Profile

Wintrust Financial Corporation (NASDAQ: WTFC) is a financial holding company headquartered in Rosemont, Illinois. Through its network of community banking subsidiaries, the company provides banking and financial services to individuals, families, businesses and institutions.

Its offerings include checking and savings accounts, commercial and consumer lending, residential mortgages, treasury management, cash management and other deposit services. Wintrust also provides wealth management, investment services, insurance-related products and specialized finance solutions, including equipment finance and premium finance.

Founded in 1991, Wintrust has built its business through a community banking model that combines local decision-making and relationship-based service with the resources of a larger financial organization.