Trust Co. of Vermont Sells 155 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Trust Co. of Vermont trimmed its position in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 18.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 696 shares of the bank’s stock after selling 155 shares during the period. Trust Co. of Vermont’s holdings in Wintrust Financial were worth $87,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of WTFC. International Assets Investment Management LLC purchased a new position in shares of Wintrust Financial during the 3rd quarter valued at $35,000. UMB Bank n.a. lifted its holdings in Wintrust Financial by 62.0% during the third 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 last quarter. Brooklyn Investment Group purchased a new stake in Wintrust Financial during the third quarter valued at about $61,000. Versant Capital Management Inc boosted its position in Wintrust Financial by 32.1% during the fourth quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock worth $67,000 after purchasing an additional 131 shares during the period. Finally, Covestor Ltd increased its stake in shares of Wintrust Financial by 77.9% in 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. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wintrust Financial Stock Up 1.2 %

Shares of NASDAQ:WTFC opened at $135.05 on Monday. The firm has a fifty day moving average of $130.94 and a 200 day moving average of $115.65. Wintrust Financial Co. has a 52-week low of $89.68 and a 52-week high of $142.04. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.01 and a current ratio of 1.02. The firm has a market capitalization of $8.98 billion, a PE ratio of 14.14 and a beta of 1.20.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing the consensus estimate of $2.50 by ($0.03). The firm had revenue of $615.73 million for the quarter, compared to the consensus estimate of $623.45 million. Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. Wintrust Financial’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.53 earnings per share. As a group, research analysts anticipate that Wintrust Financial Co. will post 10.13 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Thursday, November 7th. Wintrust Financial’s payout ratio is currently 18.85%.

Insider Activity

In other Wintrust Financial news, CFO David L. Stoehr sold 1,607 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total value of $182,330.22. Following the completion of the sale, the chief financial officer now directly owns 14,874 shares of the company’s stock, valued at $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 available at the SEC website. Also, insider Richard B. Murphy sold 4,099 shares of Wintrust Financial stock in a transaction dated 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 owns 42,311 shares in the company, valued at approximately $4,892,420.93. This represents a 8.83 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,198 shares of company stock valued at $2,445,314. Corporate insiders own 1.47% of the company’s stock.

Wall Street Analyst Weigh In

WTFC has been the subject of several analyst reports. Truist Financial raised shares of Wintrust Financial to a “strong-buy” rating in a report on Monday, January 6th. UBS Group began coverage on Wintrust Financial in a research report on Tuesday, December 17th. They issued a “buy” rating and a $157.00 price target for the company. Raymond James increased their price objective on Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 23rd. Citigroup lifted their target price on Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Barclays increased their price target on shares of Wintrust Financial from $130.00 to $151.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Wintrust Financial has a consensus rating of “Moderate Buy” and an average price target of $128.00.

Wintrust Financial 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.