Wintrust Financial Co. (NASDAQ:WTFC) Holdings Raised by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 23.3% during the third quarter, Holdings Channel.com reports. The fund owned 12,669 shares of the bank’s stock after purchasing an additional 2,392 shares during the period. Sanctuary Advisors LLC’s holdings in Wintrust Financial were worth $1,375,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James & Associates boosted its holdings in Wintrust Financial by 2.7% during the second quarter. Raymond James & Associates now owns 207,944 shares of the bank’s stock worth $20,495,000 after buying an additional 5,563 shares in the last quarter. Access Investment Management LLC boosted its stake in Wintrust Financial by 1.0% in the 2nd quarter. Access Investment Management LLC now owns 17,700 shares of the bank’s stock worth $1,745,000 after purchasing an additional 170 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in Wintrust Financial by 11.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 866 shares of the bank’s stock worth $85,000 after purchasing an additional 91 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Wintrust Financial by 6.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,782 shares of the bank’s stock valued at $1,358,000 after purchasing an additional 845 shares during the period. Finally, F M Investments LLC purchased a new stake in shares of Wintrust Financial in the second quarter valued at $11,850,000. 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 stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total value of $473,967.37. Following the completion of the sale, the insider now owns 42,311 shares in the company, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO David A. Dykstra sold 15,492 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $115.48, for a total value of $1,789,016.16. Following the transaction, the chief operating officer now owns 197,591 shares in the company, valued at $22,817,808.68. This represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,198 shares of company stock valued at $2,445,314 in the last 90 days. 1.47% of the stock is currently owned by insiders.

Wintrust Financial Trading Up 1.2 %

Shares of NASDAQ:WTFC opened at $124.17 on Friday. The stock has a market capitalization of $8.26 billion, a PE ratio of 13.00 and a beta of 1.18. The firm has a fifty day moving average price of $126.45 and a 200 day moving average price of $110.71. Wintrust Financial Co. has a 1 year low of $89.68 and a 1 year high of $142.04. 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 (NASDAQ:WTFC) last posted its earnings results on Monday, October 21st. The bank reported $2.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $623.45 million. During the same quarter in the previous year, the business posted $2.53 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Analysts expect that Wintrust Financial Co. will post 10.12 EPS for the current fiscal 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 paid a dividend of $0.45 per share. The ex-dividend date was Thursday, November 7th. This represents a $1.80 annualized dividend and a yield of 1.45%. Wintrust Financial’s payout ratio is 18.85%.

Wall Street Analysts Forecast Growth

WTFC has been the topic of a number of research analyst reports. Barclays lifted their price target on Wintrust Financial from $130.00 to $151.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Piper Sandler upped their target price on Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Citigroup raised their price target on shares of Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Wedbush reaffirmed an “outperform” rating and set a $130.00 price objective on shares of Wintrust Financial in a research report on Tuesday, October 22nd. Finally, UBS Group initiated coverage on shares of Wintrust Financial in a research report on Tuesday. They issued a “buy” rating and a $157.00 target price for the company. 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 company’s stock. According to data from MarketBeat.com, Wintrust Financial has an average rating of “Moderate Buy” and an average target price 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.