Wintrust Financial Co. (NASDAQ:WTFC) Shares Sold by Truist Financial Corp

Truist Financial Corp reduced its stake in Wintrust Financial Co. (NASDAQ:WTFC) by 7.4% in the fourth quarter, HoldingsChannel reports. The fund owned 148,363 shares of the bank’s stock after selling 11,778 shares during the quarter. Truist Financial Corp’s holdings in Wintrust Financial were worth $13,761,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Handelsbanken Fonder AB lifted its position in Wintrust Financial by 49.9% in the third quarter. Handelsbanken Fonder AB now owns 13,223 shares of the bank’s stock worth $998,000 after purchasing an additional 4,400 shares during the period. Shaker Investments LLC OH lifted its holdings in shares of Wintrust Financial by 99.7% in the third quarter. Shaker Investments LLC OH now owns 34,135 shares of the bank’s stock valued at $2,577,000 after buying an additional 17,041 shares during the period. Reinhart Partners LLC. boosted its stake in Wintrust Financial by 4.9% during the third quarter. Reinhart Partners LLC. now owns 652,206 shares of the bank’s stock valued at $49,242,000 after buying an additional 30,279 shares in the last quarter. Telemus Capital LLC grew its holdings in Wintrust Financial by 8.0% during the third quarter. Telemus Capital LLC now owns 5,475 shares of the bank’s stock worth $413,000 after acquiring an additional 405 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Wintrust Financial by 18.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,725 shares of the bank’s stock worth $961,000 after acquiring an additional 2,026 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Wintrust Financial

In related news, insider Edward J. Wehmer sold 9,500 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $99.36, for a total transaction of $943,920.00. Following the completion of the sale, the insider now directly owns 177,124 shares in the company, valued at $17,599,040.64. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.47% of the company’s stock.

Wintrust Financial Stock Up 1.5 %

NASDAQ:WTFC opened at $98.12 on Thursday. The business’s fifty day moving average price is $98.59 and its 200 day moving average price is $92.17. The firm has a market capitalization of $6.06 billion, a price-to-earnings ratio of 10.15 and a beta of 1.21. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.78. Wintrust Financial Co. has a 1-year low of $58.12 and a 1-year high of $105.29.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Thursday, April 18th. The bank reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.47. The company had revenue of $604.77 million for the quarter, compared to the consensus estimate of $577.80 million. Wintrust Financial had a return on equity of 13.09% and a net margin of 17.86%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.80 EPS. On average, sell-side analysts forecast that Wintrust Financial Co. will post 10.17 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th will be given a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $1.80 dividend on an annualized basis and a yield of 1.83%. Wintrust Financial’s payout ratio is 18.61%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on WTFC shares. Raymond James raised their price objective on shares of Wintrust Financial from $95.00 to $115.00 and gave the company a “strong-buy” rating in a research report on Friday, January 19th. Royal Bank of Canada raised their target price on shares of Wintrust Financial from $109.00 to $116.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. UBS Group upped their price target on Wintrust Financial from $105.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. Barclays reduced their price objective on Wintrust Financial from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. Finally, Wedbush reaffirmed an “outperform” rating and set a $116.00 target price on shares of Wintrust Financial in a research report on Thursday, April 18th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $112.33.

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.