Greenleaf Trust Sells 2,078 Shares of Wintrust Financial Corporation $WTFC

Key Points

• Greenleaf Trust reduced its stake in Wintrust Financial Corporation by 35.6%, selling 2,078 shares during the second quarter, which left them with 3,752 shares valued at approximately $465,000.
• Wintrust Financial reported an EPS of $2.78 for the recently ended quarter, exceeding analyst expectations of $2.59, while also announcing a quarterly dividend of $0.50.
• Several analysts have issued positive ratings on Wintrust Financial, with price targets ranging from $157.00 to $166.00, indicating a strong outlook for the company's stock performance.

Greenleaf Trust lessened its position in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 35.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,752 shares of the bank's stock after selling 2,078 shares during the quarter. Greenleaf Trust's holdings in Wintrust Financial were worth $465,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Maseco LLP bought a new position in shares of Wintrust Financial during the 2nd quarter worth about $25,000. Park Place Capital Corp grew its position in 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. Advisors Asset Management Inc. bought a new position in Wintrust Financial during the first quarter valued at about $27,000. AlphaQuest LLC acquired a new position in Wintrust Financial in the 1st quarter valued at approximately $33,000. Finally, Wayfinding Financial LLC bought a new stake in shares of Wintrust Financial in the 1st quarter worth approximately $36,000. Institutional investors and hedge funds own 93.48% of the company's stock.

Wintrust Financial Stock Performance

Shares of NASDAQ:WTFC opened at $130.40 on Friday. The business has a fifty day moving average of $132.09 and a 200-day moving average of $122.69. 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 $8.73 billion, a PE ratio of 12.34 and a beta of 0.83.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The bank reported $2.78 EPS for the quarter, topping analysts' consensus estimates of $2.59 by $0.19. Wintrust Financial had a net margin of 18.06% and a return on equity of 12.08%. The firm had revenue of $670.78 million for the quarter, compared to analyst estimates of $661.43 million. During the same quarter in the prior year, the firm earned $2.32 EPS. On average, equities research analysts predict 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 issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.5%. Wintrust Financial's dividend payout ratio (DPR) is currently 18.92%.

Insider Activity at Wintrust Financial

In other news, COO David A. Dykstra sold 14,942 shares of the business's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $131.53, for a total transaction of $1,965,321.26. Following the completion of the sale, the chief operating officer owned 182,208 shares in the company, valued at $23,965,818.24. The trade was a 7.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Edward J. Wehmer purchased 3,919 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The stock was purchased at an average price of $26.35 per share, for a total transaction of $103,265.65. Following the acquisition, the insider owned 3,919 shares of the company's stock, valued at $103,265.65. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.01% of the company's stock.

Wall Street Analysts Forecast Growth

WTFC has been the topic of several analyst reports. Piper Sandler reissued an "overweight" rating and issued a $160.00 price target (up previously from $141.00) on shares of Wintrust Financial in a report on Wednesday, July 23rd. TD Cowen began coverage on shares of Wintrust Financial in a research note on Thursday, September 25th. They issued a "buy" rating and a $166.00 target price on the stock. Wall Street Zen raised shares of Wintrust Financial from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Barclays reaffirmed an "overweight" rating and set a $162.00 price objective (up from $145.00) on shares of Wintrust Financial in a report on Tuesday, July 8th. Finally, Raymond James Financial reissued a "strong-buy" rating and issued a $157.00 target price (up from $155.00) on shares of Wintrust Financial in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued 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 target price of $148.64.

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.

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