Menard Financial Group LLC Has $357,000 Stake in Wintrust Financial Co. (NASDAQ:WTFC)

Menard Financial Group LLC grew its holdings in Wintrust Financial Co. (NASDAQ:WTFC) by 14.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,294 shares of the bank’s stock after purchasing an additional 406 shares during the quarter. Menard Financial Group LLC’s holdings in Wintrust Financial were worth $357,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new stake in shares of Wintrust Financial in the 3rd quarter valued at $35,000. UMB Bank n.a. raised its stake in Wintrust Financial by 62.0% during the 3rd quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock worth $56,000 after buying an additional 196 shares during the period. Brooklyn Investment Group acquired a new position in Wintrust Financial in the third quarter valued at about $61,000. Covestor Ltd grew its position in shares of Wintrust Financial by 77.9% in the 3rd quarter. Covestor Ltd now owns 653 shares of the bank’s stock valued at $71,000 after purchasing an additional 286 shares during the period. Finally, GAMMA Investing LLC increased its stake in Wintrust Financial by 62.6% during the 2nd quarter. GAMMA Investing LLC now owns 818 shares of the bank’s stock worth $81,000 after purchasing an additional 315 shares in the last quarter. Institutional investors own 93.48% of the company’s stock.

Insider Activity

In other Wintrust Financial news, insider Richard B. Murphy sold 4,099 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total transaction of $473,967.37. Following the completion of the sale, the insider now directly owns 42,311 shares in the company, valued at $4,892,420.93. This represents a 8.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO David A. Dykstra sold 15,492 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $115.48, for a total value of $1,789,016.16. Following the completion of the sale, the chief operating officer now directly owns 197,591 shares in the company, valued at $22,817,808.68. This trade represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 21,198 shares of company stock worth $2,445,314. 1.47% of the stock is currently owned by company insiders.

Wintrust Financial Stock Performance

Shares of NASDAQ WTFC opened at $136.27 on Wednesday. Wintrust Financial Co. has a one year low of $88.31 and a one year high of $142.04. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 1.01. The firm has a market cap of $9.06 billion, a price-to-earnings ratio of 14.27 and a beta of 1.18. The stock’s fifty day moving average price is $119.68 and its two-hundred day moving average price is $107.79.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Monday, October 21st. The bank reported $2.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The business had revenue of $615.73 million during the quarter, compared to the consensus estimate of $623.45 million. During the same period in the prior year, the firm earned $2.53 EPS. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities analysts forecast that Wintrust Financial Co. will post 10.12 EPS for the current year.

Wintrust Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.80 annualized dividend and a yield of 1.32%. Wintrust Financial’s dividend payout ratio is presently 18.85%.

Wall Street Analyst Weigh In

WTFC has been the subject of several research analyst reports. DA Davidson upped their price target on shares of Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Citigroup lifted their price objective on shares of Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Truist Financial lifted their price target on shares of Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Raymond James increased their price objective on shares of Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 23rd. Finally, Piper Sandler lifted their target price on Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, ten 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 company currently has an average rating of “Moderate Buy” and an average price target of $123.00.

Wintrust Financial 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.