Sanctuary Advisors LLC Takes $2.97 Million Position in Wintrust Financial Corporation $WTFC

Sanctuary Advisors LLC purchased a new stake in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 18,465 shares of the bank's stock, valued at approximately $2,968,000.

Several other institutional investors have also recently bought and sold shares of WTFC. Advisors Asset Management Inc. bought a new stake in Wintrust Financial during the 1st quarter worth about $27,000. Jones Financial Companies Lllp boosted its holdings in shares of Wintrust Financial by 49.0% during the first quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank's stock worth $115,000 after acquiring an additional 335 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Wintrust Financial by 7.2% in the first 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 during the period. EverSource Wealth Advisors LLC grew its position in shares of Wintrust Financial by 400.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 400 shares of the bank's stock worth $50,000 after purchasing an additional 320 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in Wintrust Financial by 1.6% during the 2nd quarter. Cerity Partners LLC now owns 23,120 shares of the bank's stock worth $2,866,000 after acquiring an additional 355 shares during the period. Institutional investors own 93.48% of the company's stock.

Wintrust Financial Stock Down 0.6%

Shares of NASDAQ:WTFC opened at $151.09 on Wednesday. The business has a fifty day simple moving average of $159.57 and a 200 day simple moving average of $151.26. Wintrust Financial Corporation has a 12-month low of $119.61 and a 12-month high of $167.21. The firm has a market cap of $10.19 billion, a P/E ratio of 12.14 and a beta of 0.85. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its earnings results on Monday, July 20th. The bank reported $3.30 earnings per share for the quarter, beating analysts' consensus estimates of $3.15 by $0.15. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. The business had revenue of $738.63 million during the quarter, compared to the consensus estimate of $735.36 million. During the same quarter in the prior year, the firm posted $2.78 EPS. The company's revenue for the quarter was up 10.1% compared to the same quarter last year. Analysts predict that Wintrust Financial Corporation will post 13.04 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were given a dividend of $0.55 per share. The ex-dividend date was Thursday, August 6th. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. Wintrust Financial's dividend payout ratio is presently 17.67%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WTFC. UBS Group restated a "neutral" rating and issued a $170.00 target price on shares of Wintrust Financial in a research report on Tuesday, July 7th. Truist Financial raised their price target on shares of Wintrust Financial from $170.00 to $183.00 and gave the company a "buy" rating in a research note on Friday, July 10th. Barclays upped their price objective on shares of Wintrust Financial from $190.00 to $192.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 7th. Piper Sandler set a $186.00 price objective on shares of Wintrust Financial in a research note on Wednesday, July 22nd. Finally, Brean Capital lowered shares of Wintrust Financial from a "buy" rating to a "neutral" rating and set a $170.00 target price on the stock. in a research report on Tuesday, July 21st. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $177.77.

Insider Buying and Selling

In other Wintrust Financial news, COO David A. Dykstra sold 13,515 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $162.77, for a total transaction of $2,199,836.55. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.24% of the stock is owned by corporate insiders.

About Wintrust Financial

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.

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