Ceredex Value Advisors LLC Has $14.74 Million Stock Position in Wintrust Financial Co. (NASDAQ:WTFC)

Ceredex Value Advisors LLC trimmed its stake in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 11.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 158,900 shares of the bank's stock after selling 20,500 shares during the period. Ceredex Value Advisors LLC owned about 0.26% of Wintrust Financial worth $14,738,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Quent Capital LLC increased its stake in Wintrust Financial by 120.8% during the 4th quarter. Quent Capital LLC now owns 351 shares of the bank's stock worth $33,000 after buying an additional 192 shares during the period. Belpointe Asset Management LLC increased its stake in Wintrust Financial by 106.2% during the 1st quarter. Belpointe Asset Management LLC now owns 365 shares of the bank's stock worth $27,000 after buying an additional 188 shares during the period. McGlone Suttner Wealth Management Inc. purchased a new stake in Wintrust Financial during the 4th quarter worth approximately $46,000. Coppell Advisory Solutions Corp. purchased a new stake in Wintrust Financial during the 4th quarter worth approximately $44,000. Finally, Quarry LP increased its stake in Wintrust Financial by 36.1% during the 1st quarter. Quarry LP now owns 663 shares of the bank's stock worth $48,000 after buying an additional 176 shares during the period. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wintrust Financial Stock Up 0.7 %

Shares of Wintrust Financial stock traded up $0.72 during trading hours on Monday, hitting $101.44. The company had a trading volume of 210,894 shares, compared to its average volume of 407,451. The company's 50-day moving average is $97.66 and its two-hundred day moving average is $89.58. Wintrust Financial Co. has a twelve month low of $58.12 and a twelve month high of $105.29. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $6.26 billion, a P/E ratio of 10.59 and a beta of 1.21.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its quarterly earnings results on Thursday, January 18th. The bank reported $1.87 earnings per share for the quarter, missing analysts' consensus estimates of $2.42 by ($0.55). The business had revenue of $570.80 million for the quarter, compared to analyst estimates of $578.89 million. Wintrust Financial had a return on equity of 13.23% and a net margin of 18.71%. During the same quarter in the prior year, the company earned $2.23 EPS. Analysts anticipate that Wintrust Financial Co. will post 9.93 earnings per share for the current fiscal year.

Wintrust Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $1.80 dividend on an annualized basis and a yield of 1.77%. This is a boost from Wintrust Financial's previous quarterly dividend of $0.40. Wintrust Financial's dividend payout ratio is currently 18.79%.

Analysts Set New Price Targets

Several research firms have commented on WTFC. Citigroup boosted their price target on shares of Wintrust Financial from $114.00 to $115.00 and gave the stock a "buy" rating in a report on Monday, March 18th. Raymond James boosted their price target on shares of Wintrust Financial from $95.00 to $115.00 and gave the stock a "strong-buy" rating in a report on Friday, January 19th. Truist Financial boosted their price target on shares of Wintrust Financial from $111.00 to $117.00 and gave the stock a "buy" rating in a report on Monday, April 1st. Keefe, Bruyette & Woods boosted their price target on shares of Wintrust Financial from $103.00 to $106.00 and gave the stock an "outperform" rating in a report on Friday, January 19th. Finally, Royal Bank of Canada boosted their price target on shares of Wintrust Financial from $104.00 to $109.00 and gave the stock an "outperform" rating in a report on Friday, January 19th. One research analyst has rated the stock with a sell rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Wintrust Financial has a consensus rating of "Moderate Buy" and an average target price of $110.58.

Insider Buying and Selling

In other Wintrust Financial news, insider Edward J. Wehmer sold 9,500 shares of the company's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total transaction of $943,920.00. Following the completion of the transaction, the insider now owns 177,124 shares in the company, valued at approximately $17,599,040.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Wintrust Financial news, insider Edward J. Wehmer sold 9,500 shares of the company's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total transaction of $943,920.00. Following the completion of the transaction, the insider now owns 177,124 shares in the company, valued at approximately $17,599,040.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jeffrey D. Hahnfeld sold 588 shares of the company's stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $97.88, for a total transaction of $57,553.44. Following the transaction, the executive vice president now owns 3,410 shares of the company's stock, valued at approximately $333,770.80. The disclosure for this sale can be found here. 1.39% of the stock is owned by company insiders.

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.