Wintrust Financial Co. (NASDAQ:WTFC) Shares Sold by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury lessened its stake in Wintrust Financial Co. (NASDAQ:WTFC) by 11.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,005 shares of the bank’s stock after selling 3,353 shares during the period. State of Tennessee Department of Treasury’s holdings in Wintrust Financial were worth $3,118,000 at the end of the most recent reporting period.

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

Wintrust Financial Trading Down 0.5 %

Shares of WTFC stock opened at $110.79 on Friday. Wintrust Financial Co. has a 1 year low of $89.10 and a 1 year high of $142.04. The firm has a market capitalization of $7.41 billion, a PE ratio of 10.75 and a beta of 0.94. The stock has a fifty day moving average of $110.76 and a two-hundred day moving average of $121.70. 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 earnings results on Monday, April 21st. The bank reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.17. The firm had revenue of $643.11 million during the quarter, compared to analyst estimates of $643.11 million. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same quarter in the prior year, the firm posted $2.89 EPS. As a group, research analysts expect that Wintrust Financial Co. will post 10.36 EPS for the current year.

Wintrust Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be given a $0.50 dividend. The ex-dividend date is Thursday, May 8th. This represents a $2.00 dividend on an annualized basis and a yield of 1.81%. Wintrust Financial’s dividend payout ratio (DPR) is 19.78%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WTFC. StockNews.com lowered Wintrust Financial from a “hold” rating to a “sell” rating in a research report on Saturday, February 15th. Piper Sandler reissued an “above average” rating on shares of Wintrust Financial in a report on Wednesday. Hovde Group lifted their price target on shares of Wintrust Financial from $107.00 to $115.00 and gave the company a “market perform” rating in a report on Wednesday. Barclays boosted their price objective on shares of Wintrust Financial from $138.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, DA Davidson cut their target price on shares of Wintrust Financial from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Wintrust Financial presently has a consensus rating of “Moderate Buy” and an average price target of $133.54.

Insider Buying and Selling at Wintrust Financial

In related news, CFO David L. Stoehr sold 2,363 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $131.32, for a total transaction of $310,309.16. Following the completion of the transaction, the chief financial officer now owns 19,858 shares of the company’s stock, valued at $2,607,752.56. This trade represents a 10.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Richard B. Murphy sold 3,186 shares of the business’s stock in a transaction dated 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 approximately $6,409,278.20. This trade represents a 6.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,178 shares of company stock valued at $1,336,315. 1.01% 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.