Thrivent Financial for Lutherans Sells 48,510 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Thrivent Financial for Lutherans decreased its holdings in Wintrust Financial Co. (NASDAQ:WTFC) by 22.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 172,421 shares of the bank’s stock after selling 48,510 shares during the period. Thrivent Financial for Lutherans owned approximately 0.26% of Wintrust Financial worth $21,503,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of WTFC. OneDigital Investment Advisors LLC grew its position in Wintrust Financial by 3.1% in the third quarter. OneDigital Investment Advisors LLC now owns 5,127 shares of the bank’s stock valued at $556,000 after acquiring an additional 152 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of Wintrust Financial by 16.8% during the 3rd quarter. Natixis Advisors LLC now owns 47,788 shares of the bank’s stock valued at $5,186,000 after purchasing an additional 6,880 shares during the last quarter. Swiss National Bank increased its position in Wintrust Financial by 6.9% during the 3rd quarter. Swiss National Bank now owns 129,867 shares of the bank’s stock worth $14,094,000 after purchasing an additional 8,400 shares in the last quarter. Quest Partners LLC lifted its stake in Wintrust Financial by 36,366.7% in the 3rd quarter. Quest Partners LLC now owns 2,188 shares of the bank’s stock valued at $237,000 after purchasing an additional 2,182 shares during the last quarter. Finally, Pathstone Holdings LLC boosted its position in Wintrust Financial by 6.2% in the third quarter. Pathstone Holdings LLC now owns 46,467 shares of the bank’s stock valued at $5,043,000 after buying an additional 2,728 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on WTFC shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $152.00 price target on shares of Wintrust Financial in a research note on Thursday, January 23rd. Truist Financial upgraded Wintrust Financial to a “strong-buy” rating in a research report on Monday, January 6th. Barclays boosted their price target on Wintrust Financial from $151.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Raymond James reiterated a “strong-buy” rating and set a $150.00 target price (up from $135.00) on shares of Wintrust Financial in a research report on Thursday, January 23rd. Finally, Piper Sandler upped their price target on shares of Wintrust Financial from $151.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $133.69.

Insider Transactions at Wintrust Financial

In other news, EVP Jeffrey D. Hahnfeld sold 416 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $130.95, for a total transaction of $54,475.20. Following the transaction, the executive vice president now directly owns 2,276 shares of the company’s stock, valued at $298,042.20. This represents a 15.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Richard B. Murphy sold 3,186 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $131.30, for a total value of $418,321.80. Following the completion of the transaction, the insider now owns 48,814 shares in the company, valued at approximately $6,409,278.20. This represents a 6.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,178 shares of company stock valued at $1,336,315 in the last 90 days. 1.47% of the stock is currently owned by corporate insiders.

Wintrust Financial Stock Up 0.1 %

Shares of Wintrust Financial stock opened at $114.04 on Friday. The firm has a market cap of $7.61 billion, a price-to-earnings ratio of 11.06 and a beta of 1.16. The stock’s 50-day moving average is $124.94 and its 200 day moving average is $121.80. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.00. Wintrust Financial Co. has a one year low of $91.38 and a one year high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $2.63 EPS for the quarter, topping the consensus estimate of $2.52 by $0.11. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same quarter in the prior year, the business posted $1.87 earnings per share. Equities research analysts anticipate that Wintrust Financial Co. will post 10.36 EPS for the current year.

Wintrust Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $2.00 annualized dividend and a dividend yield of 1.75%. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.45. Wintrust Financial’s dividend payout ratio is currently 19.40%.

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.