New York State Common Retirement Fund Sells 14,761 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

New York State Common Retirement Fund cut its holdings in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 244,174 shares of the bank's stock after selling 14,761 shares during the period. New York State Common Retirement Fund owned 0.40% of Wintrust Financial worth $22,647,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of WTFC. Handelsbanken Fonder AB raised its position in shares of Wintrust Financial by 49.9% in the 3rd quarter. Handelsbanken Fonder AB now owns 13,223 shares of the bank's stock valued at $998,000 after acquiring an additional 4,400 shares during the period. Hunter Perkins Capital Management LLC acquired a new stake in shares of Wintrust Financial in the 3rd quarter valued at approximately $203,000. Shaker Investments LLC OH raised its position in shares of Wintrust Financial by 99.7% in the 3rd quarter. Shaker Investments LLC OH now owns 34,135 shares of the bank's stock valued at $2,577,000 after acquiring an additional 17,041 shares during the period. Reinhart Partners LLC. raised its position in shares of Wintrust Financial by 4.9% in the 3rd quarter. Reinhart Partners LLC. now owns 652,206 shares of the bank's stock valued at $49,242,000 after acquiring an additional 30,279 shares during the period. Finally, Telemus Capital LLC raised its position in shares of Wintrust Financial by 8.0% in the 3rd quarter. Telemus Capital LLC now owns 5,475 shares of the bank's stock valued at $413,000 after acquiring an additional 405 shares during the period. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Stock Down 0.2 %

Shares of WTFC traded down $0.16 during mid-day trading on Friday, hitting $99.01. 170,496 shares of the company's stock were exchanged, compared to its average volume of 364,802. The company has a market cap of $6.11 billion, a PE ratio of 10.24 and a beta of 1.21. Wintrust Financial Co. has a 52 week low of $58.12 and a 52 week high of $105.29. The company has a 50-day simple moving average of $98.56 and a 200 day simple moving average of $91.73. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.98 and a quick ratio of 0.97.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its earnings results on Thursday, April 18th. The bank reported $2.89 earnings per share for the quarter, topping analysts' consensus estimates of $2.42 by $0.47. The business had revenue of $604.77 million for the quarter, compared to the consensus estimate of $577.80 million. Wintrust Financial had a net margin of 17.86% and a return on equity of 13.09%. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.80 earnings per share. On average, research analysts forecast that Wintrust Financial Co. will post 10.17 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be issued a dividend of $0.45 per share. The ex-dividend date is Wednesday, May 8th. This represents a $1.80 dividend on an annualized basis and a yield of 1.82%. Wintrust Financial's payout ratio is 18.61%.

Insider Buying and Selling

In related news, EVP Jeffrey D. Hahnfeld sold 588 shares of the business's stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total transaction of $57,553.44. Following the transaction, the executive vice president now directly owns 3,410 shares in the company, valued at $333,770.80. The sale was disclosed in a filing with the SEC, which is available through this link. In other Wintrust Financial news, insider Edward J. Wehmer sold 9,500 shares of Wintrust Financial 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 directly owns 177,124 shares of the company's stock, valued at $17,599,040.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jeffrey D. Hahnfeld sold 588 shares of Wintrust Financial 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 directly owns 3,410 shares of the company's stock, valued at $333,770.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,309 shares of company stock worth $1,023,730. Insiders own 1.47% of the company's stock.

Analysts Set New Price Targets

WTFC has been the topic of a number of analyst reports. Citigroup lowered their target price on Wintrust Financial from $115.00 to $113.00 and set a "buy" rating for the company in a research note on Monday, April 22nd. Jefferies Financial Group increased their target price on Wintrust Financial from $114.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, April 8th. Barclays lowered their target price on Wintrust Financial from $135.00 to $130.00 and set an "overweight" rating for the company in a research note on Friday, April 19th. Truist Financial lowered their target price on Wintrust Financial from $117.00 to $112.00 and set a "buy" rating for the company in a research note on Monday, April 22nd. Finally, Royal Bank of Canada increased their target price on Wintrust Financial from $109.00 to $116.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 9th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Wintrust Financial currently has a consensus rating of "Buy" and an average target price of $112.33.

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.