Navellier & Associates Inc. Sells 2,091 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Navellier & Associates Inc. trimmed its stake in Wintrust Financial Co. (NASDAQ:WTFC) by 36.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,662 shares of the bank’s stock after selling 2,091 shares during the period. Navellier & Associates Inc.’s holdings in Wintrust Financial were worth $397,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Versant Capital Management Inc lifted its holdings in Wintrust Financial by 825.0% in the second quarter. Versant Capital Management Inc now owns 296 shares of the bank’s stock worth $29,000 after buying an additional 264 shares during the period. International Assets Investment Management LLC bought a new position in shares of Wintrust Financial in the 3rd quarter worth approximately $35,000. UMB Bank n.a. lifted its stake in shares of Wintrust Financial by 62.0% in the 3rd quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock valued at $56,000 after purchasing an additional 196 shares during the period. Covestor Ltd boosted its position in shares of Wintrust Financial by 77.9% during the third quarter. Covestor Ltd now owns 653 shares of the bank’s stock valued at $71,000 after purchasing an additional 286 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Wintrust Financial by 62.6% in the second quarter. GAMMA Investing LLC now owns 818 shares of the bank’s stock worth $81,000 after purchasing an additional 315 shares in the last quarter. Institutional investors own 93.48% of the company’s stock.

Insider Buying and Selling at Wintrust Financial

In related news, insider Richard B. Murphy sold 4,099 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total value of $473,967.37. Following the transaction, the insider now owns 42,311 shares of the company’s stock, valued at approximately $4,892,420.93. This trade represents a 8.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO David L. Stoehr sold 1,607 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total transaction of $182,330.22. Following the sale, the chief financial officer now owns 14,874 shares of the company’s stock, valued at $1,687,604.04. This trade represents a 9.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,198 shares of company stock worth $2,445,314. Insiders own 1.47% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on WTFC shares. DA Davidson boosted their target price on shares of Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Raymond James boosted their price objective on shares of Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 23rd. Citigroup raised their target price on shares of Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Truist Financial boosted their price target on Wintrust Financial from $123.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Piper Sandler lifted their price objective on Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Wintrust Financial has an average rating of “Moderate Buy” and an average price target of $123.00.

Wintrust Financial Trading Up 2.6 %

Shares of NASDAQ:WTFC opened at $137.08 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 1.01. Wintrust Financial Co. has a 1 year low of $82.90 and a 1 year high of $137.32. The company has a market cap of $9.11 billion, a P/E ratio of 14.35 and a beta of 1.15. The stock’s fifty day moving average price is $116.10 and its 200-day moving average price is $106.19.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Monday, October 21st. The bank reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.50 by ($0.03). Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The company had revenue of $615.73 million for the quarter, compared to the consensus estimate of $623.45 million. During the same quarter in the prior year, the company posted $2.53 EPS. Wintrust Financial’s revenue was up 7.1% on a year-over-year basis. Sell-side analysts expect that Wintrust Financial Co. will post 10.12 earnings per share for the current year.

Wintrust Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Thursday, November 7th. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.85%.

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.