Federated Hermes Inc. Sells 5,699 Shares of Wintrust Financial Corporation (NASDAQ:WTFC)

Federated Hermes Inc. cut its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 0.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 769,524 shares of the bank's stock after selling 5,699 shares during the quarter. Federated Hermes Inc. owned 1.15% of Wintrust Financial worth $86,541,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Park Place Capital Corp grew its holdings in shares of Wintrust Financial by 1,264.7% during the first quarter. Park Place Capital Corp now owns 232 shares of the bank's stock worth $26,000 after buying an additional 215 shares in the last quarter. Wayfinding Financial LLC acquired a new position in Wintrust Financial during the first quarter valued at approximately $36,000. Opal Wealth Advisors LLC acquired a new position in Wintrust Financial during the first quarter valued at approximately $38,000. Parallel Advisors LLC boosted its position in Wintrust Financial by 33.9% during the first quarter. Parallel Advisors LLC now owns 593 shares of the bank's stock valued at $67,000 after purchasing an additional 150 shares during the last quarter. Finally, Quarry LP acquired a new position in Wintrust Financial during the fourth quarter valued at approximately $78,000. 93.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Wintrust Financial

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

Wintrust Financial Stock Performance

NASDAQ:WTFC traded down $3.96 during mid-day trading on Friday, hitting $124.02. 497,674 shares of the stock were exchanged, compared to its average volume of 444,890. The stock has a market capitalization of $8.30 billion, a price-to-earnings ratio of 11.73 and a beta of 0.85. The firm's 50-day simple moving average is $125.81 and its 200 day simple moving average is $120.48. 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 fifty-two week low of $89.10 and a fifty-two week high of $142.04.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The bank reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.19. The firm had revenue of $670.78 million during the quarter, compared to analysts' expectations of $661.43 million. Wintrust Financial had a return on equity of 12.08% and a net margin of 18.06%. During the same period in the previous year, the firm earned $2.32 EPS. As a group, equities analysts anticipate that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $2.00 annualized dividend and a yield of 1.6%. Wintrust Financial's payout ratio is currently 18.92%.

Analyst Ratings Changes

Several brokerages recently commented on WTFC. Jefferies Financial Group set a $145.00 price target on Wintrust Financial and gave the company a "buy" rating in a research report on Wednesday, May 21st. Truist Financial raised their price objective on Wintrust Financial from $137.00 to $151.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. DA Davidson raised their price objective on Wintrust Financial from $135.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Stephens cut their price objective on Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $160.00 price objective (up from $141.00) on shares of Wintrust Financial in a research report on Wednesday, July 23rd. Three equities research 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $145.77.

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.