Wintrust Financial Co. (NASDAQ:WTFC) Shares Bought by Strs Ohio

Strs Ohio increased its holdings in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 22.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,583 shares of the bank's stock after buying an additional 16,983 shares during the period. Strs Ohio owned about 0.15% of Wintrust Financial worth $8,494,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in WTFC. UBS Group AG grew its position in shares of Wintrust Financial by 61.3% in the third quarter. UBS Group AG now owns 32,210 shares of the bank's stock valued at $2,432,000 after purchasing an additional 12,243 shares during the last quarter. abrdn plc lifted its position in shares of Wintrust Financial by 24.6% in the third quarter. abrdn plc now owns 344,631 shares of the bank's stock valued at $26,020,000 after acquiring an additional 68,042 shares in the last quarter. Boston Partners boosted its stake in shares of Wintrust Financial by 13.4% during the third quarter. Boston Partners now owns 644,050 shares of the bank's stock valued at $48,549,000 after acquiring an additional 75,994 shares during the last quarter. Oliver Luxxe Assets LLC purchased a new stake in Wintrust Financial during the 3rd quarter worth about $476,000. Finally, Rhumbline Advisers raised its stake in Wintrust Financial by 10.5% in the 3rd quarter. Rhumbline Advisers now owns 221,891 shares of the bank's stock valued at $16,753,000 after purchasing an additional 21,098 shares during the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

Wintrust Financial Stock Up 0.4 %

Shares of WTFC stock traded up $0.34 during trading hours on Thursday, hitting $95.30. 765,331 shares of the company were exchanged, compared to its average volume of 418,015. The business's 50-day simple moving average is $98.11 and its two-hundred day simple moving average is $90.57. Wintrust Financial Co. has a one year low of $58.12 and a one year high of $105.29. The stock has a market capitalization of $5.88 billion, a price-to-earnings ratio of 9.95 and a beta of 1.21. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.99 and a current ratio of 0.99.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 17th. The bank reported $2.89 earnings per share for the quarter, beating analysts' consensus estimates of $2.42 by $0.47. Wintrust Financial had a net margin of 18.71% and a return on equity of 13.23%. The business had revenue of $604.77 million during the quarter, compared to the consensus estimate of $577.80 million. During the same quarter in the prior year, the firm earned $2.80 EPS. The company's revenue for the quarter was up 6.9% compared to the same quarter last year. Sell-side analysts predict that Wintrust Financial Co. will post 9.9 EPS for the current fiscal year.

Wintrust Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Wednesday, February 7th. This is a boost from Wintrust Financial's previous quarterly dividend of $0.40. Wintrust Financial's dividend payout ratio (DPR) is 18.79%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WTFC. Royal Bank of Canada raised their price target on shares of Wintrust Financial from $109.00 to $116.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 9th. Truist Financial increased their price target on shares of Wintrust Financial from $111.00 to $117.00 and gave the stock a "buy" rating in a research note on Monday, April 1st. Barclays started coverage on Wintrust Financial in a report on Friday, March 8th. They issued an "overweight" rating and a $135.00 price objective on the stock. Raymond James boosted their price objective on shares of Wintrust Financial from $95.00 to $115.00 and gave the stock a "strong-buy" rating in a research note on Friday, January 19th. Finally, Stephens reissued an "overweight" rating and issued a $110.00 price objective on shares of Wintrust Financial in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $113.33.

Insider Buying and Selling at Wintrust Financial

In related news, insider Edward J. Wehmer sold 9,500 shares of Wintrust Financial stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $99.36, for a total transaction of $943,920.00. Following the transaction, the insider now directly owns 177,124 shares of the company's stock, valued at $17,599,040.64. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Jeffrey D. Hahnfeld sold 588 shares of the stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $97.88, for a total value of $57,553.44. Following the completion of the sale, the executive vice president now directly owns 3,410 shares of the company's stock, valued at approximately $333,770.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Edward J. Wehmer sold 9,500 shares of the company's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total value 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 disclosure for this sale can be found here. 1.47% 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.