Raymond James Trust N.A. Buys 151 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Raymond James Trust N.A. boosted its stake in Wintrust Financial Co. (NASDAQ:WTFC) by 3.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,327 shares of the bank’s stock after purchasing an additional 151 shares during the quarter. Raymond James Trust N.A.’s holdings in Wintrust Financial were worth $470,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in WTFC. Versant Capital Management Inc raised its position in shares of 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 in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Wintrust Financial in the 3rd quarter valued at about $35,000. UMB Bank n.a. boosted its position in shares of Wintrust Financial by 62.0% during the 3rd quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock valued at $56,000 after acquiring an additional 196 shares during the last quarter. Covestor Ltd grew its holdings in shares of Wintrust Financial by 77.9% during the third quarter. Covestor Ltd now owns 653 shares of the bank’s stock worth $71,000 after purchasing an additional 286 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of 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 during the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wintrust Financial Stock Down 0.3 %

Shares of NASDAQ WTFC opened at $137.89 on Wednesday. The firm’s fifty day moving average is $116.73 and its 200 day moving average is $106.53. Wintrust Financial Co. has a 52 week low of $82.90 and a 52 week high of $142.04. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. The company has a market cap of $9.17 billion, a price-to-earnings ratio of 14.44 and a beta of 1.15.

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

Wintrust Financial Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on WTFC shares. Wedbush reiterated an “outperform” rating and set a $130.00 target price on shares of Wintrust Financial in a research report on Tuesday, October 22nd. Piper Sandler upped their target price on shares of Wintrust Financial from $131.00 to $136.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Truist Financial raised their price target on Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. DA Davidson upped their price objective on Wintrust Financial from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Citigroup boosted their target price on Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.00.

Insider Buying and Selling

In other Wintrust Financial news, COO David A. Dykstra sold 15,492 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following the transaction, the chief operating officer now owns 197,591 shares in the company, valued at approximately $22,817,808.68. This represents a 7.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard B. Murphy sold 4,099 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total value of $473,967.37. Following the completion of the transaction, the insider now directly owns 42,311 shares of the company’s stock, valued at $4,892,420.93. This represents a 8.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,198 shares of company stock valued at $2,445,314 over the last quarter. 1.47% of the stock is owned by company insiders.

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.