Fisher Asset Management LLC raised its stake in Wintrust Financial Corporation (NASDAQ:WTFC – Free Report) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 470,458 shares of the bank’s stock after purchasing an additional 5,928 shares during the period. Fisher Asset Management LLC owned 0.70% of Wintrust Financial worth $65,779,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the stock. Root Financial Partners LLC acquired a new stake in shares of Wintrust Financial in the 3rd quarter valued at about $27,000. Advisors Asset Management Inc. acquired a new position in Wintrust Financial during the 1st quarter worth approximately $27,000. Elyxium Wealth LLC acquired a new position in Wintrust Financial during the 4th quarter worth approximately $31,000. Creative Financial Designs Inc. ADV boosted its holdings in Wintrust Financial by 231.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock worth $32,000 after acquiring an additional 160 shares in the last quarter. Finally, State of Wyoming acquired a new stake in Wintrust Financial in the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 93.48% of the company’s stock.
Insider Transactions at Wintrust Financial
In other news, COO David A. Dykstra sold 9,579 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $148.82, for a total value of $1,425,546.78. Following the completion of the transaction, the chief operating officer directly owned 179,810 shares of the company’s stock, valued at $26,759,324.20. This represents a 5.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Suzet M. Mckinney sold 500 shares of Wintrust Financial stock in a transaction on Monday, May 4th. The stock was sold at an average price of $148.96, for a total value of $74,480.00. Following the sale, the director owned 3,303 shares in the company, valued at $492,014.88. This trade represents a 13.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 13,099 shares of company stock worth $1,954,386 in the last 90 days. Insiders own 1.24% of the company’s stock.
Wintrust Financial Stock Performance
Wintrust Financial (NASDAQ:WTFC – Get Free Report) last posted its earnings results on Monday, April 20th. The bank reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.96 by $0.26. Wintrust Financial had a net margin of 20.11% and a return on equity of 13.15%. The firm had revenue of $713.17 million during the quarter, compared to analyst estimates of $707.23 million. During the same quarter in the prior year, the business posted $2.69 EPS. The business’s revenue was up 10.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Wintrust Financial Corporation will post 13.07 earnings per share for the current fiscal year.
Wintrust Financial Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. Wintrust Financial’s dividend payout ratio (DPR) is currently 18.44%.
Wall Street Analysts Forecast Growth
WTFC has been the subject of several recent research reports. DA Davidson restated a “buy” rating and set a $165.00 price objective on shares of Wintrust Financial in a report on Tuesday, April 21st. Barclays lifted their price target on shares of Wintrust Financial from $185.00 to $190.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Stephens started coverage on shares of Wintrust Financial in a report on Friday, March 27th. They set an “equal weight” rating and a $160.00 price objective on the stock. TD Cowen raised their price objective on shares of Wintrust Financial from $173.00 to $176.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Finally, Truist Financial reduced their price objective on shares of Wintrust Financial from $170.00 to $150.00 and set a “buy” rating for the company in a report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $168.92.
View Our Latest Stock Report on Wintrust Financial
About Wintrust Financial
Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.
The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.
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