Venturi Wealth Management LLC Purchases 205 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Venturi Wealth Management LLC boosted its position in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 10.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,157 shares of the bank’s stock after buying an additional 205 shares during the quarter. Venturi Wealth Management LLC’s holdings in Wintrust Financial were worth $269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in WTFC. Chartwell Investment Partners LLC increased its position in Wintrust Financial by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 11,049 shares of the bank’s stock worth $1,200,000 after buying an additional 89 shares during the period. Journey Strategic Wealth LLC grew its stake in shares of Wintrust Financial by 3.6% in the fourth quarter. Journey Strategic Wealth LLC now owns 2,569 shares of the bank’s stock valued at $320,000 after acquiring an additional 89 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Wintrust Financial by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the bank’s stock valued at $2,307,000 after acquiring an additional 100 shares in the last quarter. Captrust Financial Advisors increased its position in Wintrust Financial by 2.8% during the third quarter. Captrust Financial Advisors now owns 3,859 shares of the bank’s stock worth $419,000 after acquiring an additional 104 shares during the period. Finally, MML Investors Services LLC raised its stake in Wintrust Financial by 1.7% in the 3rd quarter. MML Investors Services LLC now owns 6,201 shares of the bank’s stock worth $673,000 after purchasing an additional 106 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $152.00 target price on shares of Wintrust Financial in a report on Thursday, January 23rd. Truist Financial raised Wintrust Financial to a “strong-buy” rating in a report on Monday, January 6th. UBS Group began coverage on Wintrust Financial in a research report on Tuesday, December 17th. They issued a “buy” rating and a $157.00 price target on the stock. Piper Sandler upped their price objective on shares of Wintrust Financial from $151.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Barclays raised their target price on shares of Wintrust Financial from $151.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.69.

Wintrust Financial Stock Performance

Shares of Wintrust Financial stock opened at $128.82 on Friday. The company’s 50 day moving average price is $129.17 and its two-hundred day moving average price is $119.82. The firm has a market capitalization of $8.57 billion, a P/E ratio of 12.49 and a beta of 1.19. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.00. Wintrust Financial Co. has a fifty-two week low of $91.38 and a fifty-two week high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Tuesday, January 21st. The bank reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter last year, the company posted $1.87 EPS. On average, equities analysts forecast that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date was Thursday, February 6th. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.45. Wintrust Financial’s dividend payout ratio (DPR) is 19.40%.

Insider Buying and Selling

In other news, COO David A. Dykstra sold 4,213 shares of Wintrust Financial stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $131.31, for a total transaction of $553,209.03. Following the transaction, the chief operating officer now owns 206,294 shares in the company, valued at approximately $27,088,465.14. The trade was a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeffrey D. Hahnfeld sold 416 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 2,276 shares in the company, valued at approximately $298,042.20. This represents a 15.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,178 shares of company stock worth $1,336,315 in the last ninety days. Company insiders own 1.47% of the company’s stock.

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.