Wintrust Financial Co. (NASDAQ:WTFC) Shares Bought by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP raised its position in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 13.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 237,311 shares of the bank’s stock after purchasing an additional 28,727 shares during the period. Westfield Capital Management Co. LP owned 0.36% of Wintrust Financial worth $25,755,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc boosted its position in shares of Wintrust Financial by 825.0% during 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 acquired a new stake in Wintrust Financial in the 3rd quarter valued at about $35,000. UMB Bank n.a. raised its holdings 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 worth $56,000 after purchasing an additional 196 shares in the last quarter. Covestor Ltd boosted its holdings in Wintrust Financial by 77.9% during the third quarter. Covestor Ltd now owns 653 shares of the bank’s stock worth $71,000 after buying an additional 286 shares in the last quarter. Finally, GAMMA Investing LLC grew its position 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 buying an additional 315 shares during the last quarter. Institutional investors own 93.48% of the company’s stock.

Insider Buying and Selling

In other news, CFO David L. Stoehr sold 1,607 shares of Wintrust Financial stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $113.46, for a total value of $182,330.22. Following the transaction, the chief financial officer now directly owns 14,874 shares in the company, valued at approximately $1,687,604.04. The trade was a 9.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Richard B. Murphy sold 4,099 shares of the 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 sale, the insider now owns 42,311 shares of the company’s stock, valued at approximately $4,892,420.93. The trade was a 8.83 % decrease in their position. 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. 1.47% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on WTFC shares. Raymond James increased their price objective on Wintrust Financial from $125.00 to $135.00 and gave the company a “strong-buy” rating in a research report on Wednesday, October 23rd. Wedbush reaffirmed an “outperform” rating and set a $130.00 target price on shares of Wintrust Financial in a report on Tuesday, October 22nd. Piper Sandler lifted their price target on Wintrust Financial from $131.00 to $136.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Truist Financial boosted their price target on shares of Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Citigroup raised their price objective on shares of Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $123.00.

Wintrust Financial Price Performance

WTFC opened at $137.08 on Monday. The stock has a fifty day moving average price of $116.10 and a 200 day moving average price of $106.27. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73. Wintrust Financial Co. has a 1 year low of $82.90 and a 1 year high of $137.32. The stock has a market cap of $9.11 billion, a price-to-earnings ratio of 14.35 and a beta of 1.15.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly 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 firm had revenue of $615.73 million for the quarter, compared to analyst estimates of $623.45 million. During the same quarter in the prior year, the firm earned $2.53 earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. Analysts forecast that Wintrust Financial Co. will post 10.12 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

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

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.