Wintrust Financial Co. (NASDAQ:WTFC) Holdings Lowered by KBC Group NV

KBC Group NV lessened its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 81.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,009 shares of the bank’s stock after selling 8,823 shares during the quarter. KBC Group NV’s holdings in Wintrust Financial were worth $218,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Wintrust Financial by 3.9% during the first quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank’s stock valued at $673,603,000 after acquiring an additional 244,168 shares during the period. Capital International Investors raised its stake in Wintrust Financial by 4.6% during the 1st quarter. Capital International Investors now owns 1,638,085 shares of the bank’s stock valued at $171,000,000 after purchasing an additional 72,082 shares during the period. Choreo LLC purchased a new stake in shares of Wintrust Financial in the second quarter valued at $1,115,000. Allspring Global Investments Holdings LLC boosted its position in shares of Wintrust Financial by 7.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 203,285 shares of the bank’s stock worth $22,063,000 after buying an additional 14,699 shares during the period. Finally, Raymond James & Associates grew its holdings in shares of Wintrust Financial by 2.7% during the second quarter. Raymond James & Associates now owns 207,944 shares of the bank’s stock valued at $20,495,000 after buying an additional 5,563 shares in the last quarter. 93.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WTFC has been the subject of a number of research analyst reports. Raymond James increased their price target on shares of Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 23rd. DA Davidson boosted 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 increased their price objective on Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Truist Financial boosted their target price on Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Wedbush restated an “outperform” rating and set a $130.00 price target on shares of Wintrust Financial in a report on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Wintrust Financial has a consensus rating of “Moderate Buy” and an average price target of $123.00.

Wintrust Financial Trading Down 0.2 %

Shares of NASDAQ:WTFC opened at $130.83 on Thursday. 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 company’s 50-day moving average price is $114.83 and its two-hundred day moving average price is $105.75. Wintrust Financial Co. has a one year low of $82.90 and a one year high of $136.08. The stock has a market capitalization of $8.70 billion, a PE ratio of 13.70 and a beta of 1.15.

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

Wintrust Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, November 7th. Wintrust Financial’s dividend payout ratio is currently 18.85%.

Insider Transactions at Wintrust Financial

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