1,694 Shares in Wintrust Financial Co. (NASDAQ:WTFC) Purchased by PFG Advisors

PFG Advisors purchased a new stake in Wintrust Financial Co. (NASDAQ:WTFC) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,694 shares of the bank’s stock, valued at approximately $211,000.

A number of other large investors also recently bought and sold shares of WTFC. Global Retirement Partners LLC lifted its stake in Wintrust Financial by 63.5% in the 4th quarter. Global Retirement Partners LLC now owns 376 shares of the bank’s stock valued at $47,000 after buying an additional 146 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Wintrust Financial by 32.1% in the fourth quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock worth $67,000 after acquiring an additional 131 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Wintrust Financial during the third quarter worth approximately $61,000. UMB Bank n.a. raised its stake in Wintrust Financial by 32.2% in the 4th quarter. UMB Bank n.a. now owns 677 shares of the bank’s stock valued at $84,000 after purchasing an additional 165 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in Wintrust Financial by 920.9% in the 4th quarter. Jones Financial Companies Lllp now owns 684 shares of the bank’s stock valued at $85,000 after purchasing an additional 617 shares in the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

Wintrust Financial Trading Up 2.9 %

WTFC opened at $110.85 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The firm has a market cap of $7.39 billion, a P/E ratio of 10.75 and a beta of 1.16. Wintrust Financial Co. has a 52 week low of $91.38 and a 52 week high of $142.04. The business has a fifty day simple moving average of $126.13 and a 200-day simple moving average of $121.75.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.11. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same period in the prior year, the company posted $1.87 earnings per share. On average, equities analysts expect that Wintrust Financial Co. will post 10.36 earnings per share for the current year.

Wintrust Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, February 6th. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 1.80%. Wintrust Financial’s dividend payout ratio is 19.40%.

Insider Buying and Selling at Wintrust Financial

In other news, CFO David L. Stoehr sold 2,363 shares of Wintrust Financial stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $131.32, for a total value of $310,309.16. Following the completion of the transaction, the chief financial officer now owns 19,858 shares in the company, valued at approximately $2,607,752.56. This trade represents a 10.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jeffrey D. Hahnfeld sold 416 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $130.95, for a total transaction of $54,475.20. Following the transaction, the executive vice president now owns 2,276 shares of the company’s stock, valued at $298,042.20. This trade represents a 15.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,178 shares of company stock valued at $1,336,315 in the last 90 days. Company insiders own 1.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WTFC. Truist Financial upgraded shares of Wintrust Financial to a “strong-buy” rating in a research report on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and set a $152.00 target price on shares of Wintrust Financial in a report on Thursday, January 23rd. Piper Sandler increased their price target on Wintrust Financial from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. UBS Group started coverage on Wintrust Financial in a report on Tuesday, December 17th. They issued a “buy” rating and a $157.00 target price for the company. Finally, Raymond James reiterated a “strong-buy” rating and set a $150.00 price target (up previously from $135.00) on shares of Wintrust Financial in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Wintrust Financial has an average rating of “Moderate Buy” and a consensus price target of $133.69.

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.