Norris Perne & French LLP MI Purchases 10,169 Shares of Wintrust Financial Corporation $WTFC

Norris Perne & French LLP MI purchased a new position in Wintrust Financial Corporation (NASDAQ:WTFC – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 10,169 shares of the bank’s stock, valued at approximately $1,442,000.

Several other large investors have also recently modified their holdings of WTFC. Parallel Advisors LLC boosted its stake in Wintrust Financial by 7.7% in the 1st quarter. Parallel Advisors LLC now owns 976 shares of the bank’s stock worth $136,000 after purchasing an additional 70 shares in the last quarter. MeadowBrook Investment Advisors LLC grew its position in Wintrust Financial by 3.0% during the 1st quarter. MeadowBrook Investment Advisors LLC now owns 2,545 shares of the bank’s stock valued at $354,000 after purchasing an additional 75 shares during the last quarter. HB Wealth Management LLC grew its position in Wintrust Financial by 4.6% during the 2nd quarter. HB Wealth Management LLC now owns 2,072 shares of the bank’s stock valued at $333,000 after purchasing an additional 91 shares during the last quarter. Compound Planning Inc. increased its stake in Wintrust Financial by 5.3% during the 1st quarter. Compound Planning Inc. now owns 1,868 shares of the bank’s stock valued at $260,000 after purchasing an additional 94 shares in the last quarter. Finally, Clearwater Capital Advisors LLC increased its stake in Wintrust Financial by 7.3% during the 1st quarter. Clearwater Capital Advisors LLC now owns 1,596 shares of the bank’s stock valued at $222,000 after purchasing an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Insider Activity at Wintrust Financial

In related news, insider Richard B. Murphy sold 7,136 shares of the business’s stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $148.66, for a total transaction of $1,060,837.76. Following the completion of the sale, the insider directly owned 30,107 shares in the company, valued at approximately $4,475,706.62. The trade was a 19.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO David A. Dykstra sold 13,515 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $162.77, for a total transaction of $2,199,836.55. Following the sale, the chief operating officer directly owned 166,449 shares of the company’s stock, valued at approximately $27,092,903.73. This represents a 7.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.24% of the stock is owned by corporate insiders.

Wintrust Financial Stock Up 0.7%

Wintrust Financial stock opened at $150.77 on Friday. Wintrust Financial Corporation has a one year low of $122.00 and a one year high of $167.21. The stock has a fifty day moving average of $148.46 and a 200 day moving average of $152.41. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.97 and a current ratio of 0.98. The stock has a market cap of $10.17 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 1.19 and a beta of 0.89.

Wintrust Financial (NASDAQ:WTFC – Get Free Report) last announced its earnings results on Monday, October 19th. The bank reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.06. The business had revenue of $757.88 million for the quarter, compared to analysts’ expectations of $754.54 million. Wintrust Financial had a return on equity of 13.31% and a net margin of 21.03%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $3.06 earnings per share. As a group, sell-side analysts predict that Wintrust Financial Corporation will post 13.27 EPS for the current year.

Wintrust Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Thursday, November 5th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Thursday, November 5th. Wintrust Financial’s dividend payout ratio is 16.87%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WTFC. Wells Fargo & Company began coverage on shares of Wintrust Financial in a report on Thursday, September 24th. They issued an “equal weight” rating and a $160.00 target price for the company. Piper Sandler cut their price target on shares of Wintrust Financial from $195.00 to $186.00 and set an “overweight” rating on the stock in a report on Wednesday. Deutsche Bank Aktiengesellschaft started coverage on shares of Wintrust Financial in a report on Monday, October 12th. They set a “buy” rating and a $175.00 price target on the stock. Citigroup downgraded shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Finally, TD Cowen boosted their price objective on shares of Wintrust Financial from $173.00 to $174.00 and gave the stock a “buy” rating in a report on Wednesday. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $175.00.

Read Our Latest Stock Analysis on Wintrust Financial

Wintrust Financial Company Profile

(Free Report)

Wintrust Financial Corporation (NASDAQ: WTFC) is a financial holding company headquartered in Rosemont, Illinois. Through its network of community banking subsidiaries, the company provides banking and financial services to individuals, families, businesses and institutions.

Its offerings include checking and savings accounts, commercial and consumer lending, residential mortgages, treasury management, cash management and other deposit services. Wintrust also provides wealth management, investment services, insurance-related products and specialized finance solutions, including equipment finance and premium finance.

Founded in 1991, Wintrust has built its business through a community banking model that combines local decision-making and relationship-based service with the resources of a larger financial organization.

Further Reading

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Institutional Ownership by Quarter for Wintrust Financial (NASDAQ:WTFC)

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