Mariner LLC Grows Stock Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

Mariner LLC boosted its holdings in Wintrust Financial Co. (NASDAQ:WTFC) by 1.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 10,914 shares of the bank’s stock after buying an additional 176 shares during the period. Mariner LLC’s holdings in Wintrust Financial were worth $1,361,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of WTFC. Millstone Evans Group LLC purchased a new stake in Wintrust Financial during the 4th quarter valued at approximately $43,000. Global Retirement Partners LLC boosted its position in shares of Wintrust Financial by 63.5% during the fourth quarter. Global Retirement Partners LLC now owns 376 shares of the bank’s stock worth $47,000 after acquiring an additional 146 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Wintrust Financial by 32.1% during the 4th quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock valued at $67,000 after purchasing an additional 131 shares during the last quarter. UMB Bank n.a. grew its position in shares of Wintrust Financial by 32.2% during the fourth quarter. UMB Bank n.a. now owns 677 shares of the bank’s stock valued at $84,000 after purchasing an additional 165 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of Wintrust Financial by 920.9% in the fourth quarter. Jones Financial Companies Lllp now owns 684 shares of the bank’s stock worth $85,000 after purchasing an additional 617 shares during the last quarter. 93.48% of the stock is owned by institutional investors.

Insider Activity

In other Wintrust Financial news, insider Richard B. Murphy sold 3,186 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $131.30, for a total transaction of $418,321.80. Following the completion of the sale, the insider now owns 48,814 shares in the company, valued at $6,409,278.20. This represents a 6.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeffrey D. Hahnfeld sold 416 shares of Wintrust Financial stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $130.95, for a total value of $54,475.20. Following the completion of the transaction, the executive vice president now owns 2,276 shares in the company, valued at $298,042.20. This represents a 15.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,178 shares of company stock worth $1,336,315. Corporate insiders own 1.01% of the company’s stock.

Analysts Set New Price Targets

WTFC has been the topic of a number of research reports. Hovde Group boosted their target price on shares of Wintrust Financial from $107.00 to $115.00 and gave the stock a “market perform” rating in a report on Wednesday. StockNews.com cut Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Saturday, February 15th. Raymond James set a $143.00 target price on Wintrust Financial and gave the stock a “strong-buy” rating in a report on Wednesday. DA Davidson decreased their price target on Wintrust Financial from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Barclays increased their target price on shares of Wintrust Financial from $138.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $133.54.

Wintrust Financial Stock Down 0.5 %

Shares of NASDAQ WTFC opened at $110.79 on Friday. The stock has a 50 day moving average price of $110.76 and a 200 day moving average price of $121.61. The firm has a market capitalization of $7.41 billion, a price-to-earnings ratio of 10.75 and a beta of 0.94. Wintrust Financial Co. has a 52-week low of $89.10 and a 52-week high of $142.04. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Monday, April 21st. The bank reported $2.69 EPS for the quarter, beating the consensus estimate of $2.52 by $0.17. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. The firm had revenue of $643.11 million for the quarter, compared to analyst estimates of $643.11 million. During the same quarter last year, the firm posted $2.89 earnings per share. Sell-side analysts expect that Wintrust Financial Co. will post 10.36 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be issued a $0.50 dividend. The ex-dividend date is Thursday, May 8th. This represents a $2.00 annualized dividend and a dividend yield of 1.81%. Wintrust Financial’s dividend payout ratio is currently 19.78%.

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.