Versor Investments LP Sells 3,100 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Versor Investments LP lowered its position in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 60.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,005 shares of the bank’s stock after selling 3,100 shares during the quarter. Versor Investments LP’s holdings in Wintrust Financial were worth $250,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. FMR LLC increased its position in shares of Wintrust Financial by 14.1% during the 3rd quarter. FMR LLC now owns 5,153,999 shares of the bank’s stock valued at $559,364,000 after purchasing an additional 637,072 shares during the last quarter. State Street Corp increased its holdings in Wintrust Financial by 5.1% during the third quarter. State Street Corp now owns 2,627,561 shares of the bank’s stock worth $285,169,000 after buying an additional 126,724 shares during the last quarter. Principal Financial Group Inc. raised its position in Wintrust Financial by 11.3% in the third quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank’s stock worth $141,981,000 after acquiring an additional 133,311 shares during the period. Geode Capital Management LLC boosted its stake in Wintrust Financial by 8.8% in the third quarter. Geode Capital Management LLC now owns 1,155,726 shares of the bank’s stock valued at $125,464,000 after acquiring an additional 92,995 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Wintrust Financial by 36.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 802,841 shares of the bank’s stock valued at $87,132,000 after acquiring an additional 213,559 shares during the period. 93.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on WTFC. 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 research note on Thursday, January 23rd. Piper Sandler increased their target price 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. Truist Financial raised shares of Wintrust Financial to a “strong-buy” rating in a research report on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $152.00 price objective on shares of Wintrust Financial in a report on Thursday, January 23rd. Finally, UBS Group assumed coverage on shares of Wintrust Financial in a report on Tuesday, December 17th. They set a “buy” rating and a $157.00 target price on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $133.69.

Wintrust Financial Price Performance

NASDAQ:WTFC opened at $121.83 on Tuesday. Wintrust Financial Co. has a 52-week low of $91.38 and a 52-week high of $142.04. The stock has a fifty day moving average of $128.63 and a 200 day moving average of $121.38. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01. The firm has a market capitalization of $8.10 billion, a price-to-earnings ratio of 11.82 and a beta of 1.19.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share (EPS) for the quarter, beating 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 in the prior year, the firm posted $1.87 earnings per share. On average, research analysts expect that Wintrust Financial Co. will post 10.36 EPS for the current fiscal year.

Wintrust Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, February 6th. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 1.64%. Wintrust Financial’s payout ratio is presently 19.40%.

Insiders Place Their Bets

In other news, CFO David L. Stoehr sold 2,363 shares of Wintrust Financial stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $131.32, for a total transaction of $310,309.16. Following the completion of the sale, the chief financial officer now directly owns 19,858 shares of the company’s stock, valued at approximately $2,607,752.56. The trade was a 10.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO David A. Dykstra sold 4,213 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $131.31, for a total value of $553,209.03. Following the completion of the transaction, the chief operating officer now directly owns 206,294 shares in the company, valued at approximately $27,088,465.14. This represents a 2.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,178 shares of company stock valued at $1,336,315 in the last quarter. Corporate insiders own 1.47% of the company’s stock.

About Wintrust Financial

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.