Vontobel Holding Ltd. Acquires Shares of 2,996 Wintrust Financial Co. (NASDAQ:WTFC)

Vontobel Holding Ltd. acquired a new stake in Wintrust Financial Co. (NASDAQ:WTFC) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 2,996 shares of the bank’s stock, valued at approximately $278,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WTFC. Ronald Blue Trust Inc. raised its holdings in Wintrust Financial by 347.8% in the 3rd quarter. Ronald Blue Trust Inc. now owns 824 shares of the bank’s stock valued at $60,000 after acquiring an additional 640 shares in the last quarter. Handelsbanken Fonder AB increased its stake in shares of Wintrust Financial by 49.9% in the 3rd quarter. Handelsbanken Fonder AB now owns 13,223 shares of the bank’s stock valued at $998,000 after purchasing an additional 4,400 shares during the last quarter. Hunter Perkins Capital Management LLC bought a new position in shares of Wintrust Financial in the 3rd quarter valued at $203,000. Shaker Investments LLC OH increased its stake in shares of Wintrust Financial by 99.7% in the 3rd quarter. Shaker Investments LLC OH now owns 34,135 shares of the bank’s stock valued at $2,577,000 after purchasing an additional 17,041 shares during the last quarter. Finally, Reinhart Partners LLC. increased its stake in shares of Wintrust Financial by 4.9% in the 3rd quarter. Reinhart Partners LLC. now owns 652,206 shares of the bank’s stock valued at $49,242,000 after purchasing an additional 30,279 shares during the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Jeffrey D. Hahnfeld sold 588 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $97.88, for a total value of $57,553.44. Following the transaction, the executive vice president now directly owns 3,410 shares of the company’s stock, valued at approximately $333,770.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Edward J. Wehmer sold 9,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $99.36, for a total transaction of $943,920.00. Following the transaction, the insider now directly owns 177,124 shares of the company’s stock, valued at approximately $17,599,040.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Jeffrey D. Hahnfeld sold 588 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $97.88, for a total value of $57,553.44. Following the transaction, the executive vice president now directly owns 3,410 shares in the company, valued at $333,770.80. The disclosure for this sale can be found here. 1.47% of the stock is owned by company insiders.

Wintrust Financial Trading Up 0.6 %

NASDAQ WTFC opened at $99.88 on Wednesday. The business’s 50-day moving average price is $98.38 and its two-hundred day moving average price is $91.33. Wintrust Financial Co. has a 12 month low of $58.12 and a 12 month high of $105.29. The firm has a market capitalization of $6.17 billion, a PE ratio of 10.33 and a beta of 1.21. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.78.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Thursday, April 18th. The bank reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.47. Wintrust Financial had a return on equity of 13.09% and a net margin of 17.86%. The firm had revenue of $604.77 million for the quarter, compared to analyst estimates of $577.80 million. During the same quarter in the previous year, the company posted $2.80 EPS. The business’s revenue was up 6.9% on a year-over-year basis. On average, analysts expect that Wintrust Financial Co. will post 10.12 EPS for the current year.

Wintrust Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.80%. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Wednesday, February 7th. Wintrust Financial’s payout ratio is currently 18.61%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on WTFC shares. Keefe, Bruyette & Woods lifted their price target on Wintrust Financial from $103.00 to $106.00 and gave the company an “outperform” rating in a research note on Friday, January 19th. Truist Financial decreased their price target on Wintrust Financial from $117.00 to $112.00 and set a “buy” rating on the stock in a research note on Monday. Raymond James lifted their price target on Wintrust Financial from $95.00 to $115.00 and gave the company a “strong-buy” rating in a research note on Friday, January 19th. Jefferies Financial Group boosted their price objective on Wintrust Financial from $114.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, Stephens restated an “overweight” rating and set a $110.00 price objective on shares of Wintrust Financial in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Wintrust Financial currently has a consensus rating of “Buy” and a consensus price target of $112.33.

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.