Wintrust Financial Co. (NASDAQ:WTFC) Shares Sold by Ethic Inc.

Ethic Inc. trimmed its position in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,614 shares of the bank’s stock after selling 332 shares during the quarter. Ethic Inc.’s holdings in Wintrust Financial were worth $825,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in WTFC. Millstone Evans Group LLC acquired a new stake in Wintrust Financial during the fourth quarter valued at $43,000. Global Retirement Partners LLC boosted its stake in shares of Wintrust Financial by 63.5% during the 4th quarter. Global Retirement Partners LLC now owns 376 shares of the bank’s stock worth $47,000 after acquiring an additional 146 shares in the last quarter. Quarry LP acquired a new stake in shares of Wintrust Financial during the 4th quarter valued at about $78,000. UMB Bank n.a. grew its position in shares of Wintrust Financial by 32.2% during the 4th quarter. UMB Bank n.a. now owns 677 shares of the bank’s stock valued at $84,000 after acquiring an additional 165 shares during the period. Finally, Jones Financial Companies Lllp increased its stake 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 valued at $85,000 after purchasing an additional 617 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Stock Up 0.4%

Shares of NASDAQ WTFC opened at $122.64 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The company has a 50-day moving average of $109.32 and a 200 day moving average of $121.90. Wintrust Financial Co. has a 12-month low of $89.10 and a 12-month high of $142.04. The stock has a market cap of $8.21 billion, a PE ratio of 11.90 and a beta of 0.81.

Wintrust Financial (NASDAQ:WTFC) last posted 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. The firm had revenue of $643.11 million during the quarter, compared to analysts’ expectations of $643.11 million. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same quarter last year, the firm earned $2.89 earnings per share. As a group, sell-side analysts predict that Wintrust Financial Co. will post 10.36 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The business 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 dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $2.00 annualized dividend and a dividend yield of 1.63%. Wintrust Financial’s dividend payout ratio is presently 19.78%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Piper Sandler reiterated an “above average” rating on shares of Wintrust Financial in a research report on Wednesday, April 23rd. Barclays upped their target price on Wintrust Financial from $138.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 23rd. 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 research note on Wednesday, April 23rd. DA Davidson cut their price target on shares of Wintrust Financial from $140.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Finally, Truist Financial decreased their price objective on shares of Wintrust Financial from $150.00 to $137.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $133.54.

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.