Wintrust Financial Corporation $WTFC Stock Bought by CHICAGO TRUST Co NA

Key Points

• CHICAGO TRUST Co NA increased its Wintrust Financial stake by 24.1% in the third quarter, holding 128,481 shares worth approximately $18.2 million. Institutional investors collectively own 93.48% of the company.
• Wintrust reported quarterly earnings of $3.37 per share, beating estimates by $0.06, while revenue rose 8.6% year over year to $757.88 million. The company also declared a quarterly dividend of $0.55 per share, yielding approximately 1.4% annually.
• WTFC shares opened at $152.38, below the analyst consensus target of $175.14. Analysts maintain a “Moderate Buy” consensus, although insiders recently sold shares and the stock was trading down 1.1%.

CHICAGO TRUST Co NA grew its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 24.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 128,481 shares of the bank's stock after buying an additional 24,970 shares during the quarter. Wintrust Financial accounts for 2.5% of CHICAGO TRUST Co NA's investment portfolio, making the stock its 7th largest holding. CHICAGO TRUST Co NA owned 0.19% of Wintrust Financial worth $18,221,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Wintrust Financial in the second quarter valued at approximately $27,000. Pension & Wealth Management Advisors Inc. purchased a new stake in shares of Wintrust Financial during the 3rd quarter worth $29,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Wintrust Financial during the 1st quarter worth $35,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Wintrust Financial during the 2nd quarter worth $36,000. Finally, Leonteq Securities AG acquired a new position in shares of Wintrust Financial during the 1st quarter worth $40,000. Institutional investors and hedge funds own 93.48% of the company's stock.

Wintrust Financial Trading Down 1.1%

Shares of Wintrust Financial stock opened at $152.38 on Friday. Wintrust Financial Corporation has a 1 year low of $122.00 and a 1 year high of $167.21. 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 business has a 50 day moving average price of $148.03 and a 200 day moving average price of $150.18. The company has a market capitalization of $10.28 billion, a P/E ratio of 11.69, a P/E/G ratio of 1.13 and a beta of 0.89.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its quarterly earnings results on Monday, October 19th. The bank reported $3.37 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.06. Wintrust Financial had a return on equity of 13.31% and a net margin of 21.03%. The company had revenue of $757.88 million during the quarter, compared to the consensus estimate of $754.54 million. During the same quarter last year, the business posted $3.06 earnings per share. Wintrust Financial's revenue was up 8.6% compared to the same quarter last year. Sell-side analysts anticipate that Wintrust Financial Corporation will post 13.29 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Thursday, November 5th will be issued a dividend of $0.55 per share. The ex-dividend date is Thursday, November 5th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.4%. Wintrust Financial's payout ratio is 16.87%.

Insider Transactions at Wintrust Financial

In other news, insider Richard Murphy sold 7,136 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the insider owned 30,107 shares of the company's stock, valued at $4,475,706.62. The trade was a 19.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO David Dykstra sold 13,515 shares of the firm's 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 sale, the chief operating officer owned 166,449 shares in the company, valued at approximately $27,092,903.73. This trade represents a 7.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.24% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on WTFC shares. Wall Street Zen upgraded shares of Wintrust Financial from a "sell" rating to a "hold" rating in a report on Saturday, September 26th. Wells Fargo & Company began coverage on shares of Wintrust Financial in a report on Thursday, September 24th. They set an "equal weight" rating and a $160.00 price objective on the stock. Barclays dropped their target price on shares of Wintrust Financial from $192.00 to $190.00 and set an "overweight" rating for the company in a report on Monday, October 5th. Weiss Ratings reissued a "buy (b)" rating on shares of Wintrust Financial in a research note on Friday, September 25th. Finally, TD Cowen upped their price target 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 issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $175.14.

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.

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