Wintrust Financial Co. (NASDAQ:WTFC) Shares Acquired by Quadrant Capital Group LLC

Quadrant Capital Group LLC increased its position in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,599 shares of the bank’s stock after buying an additional 134 shares during the period. Quadrant Capital Group LLC’s holdings in Wintrust Financial were worth $449,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Journey Strategic Wealth LLC increased its position in shares of Wintrust Financial by 3.6% during the fourth quarter. Journey Strategic Wealth LLC now owns 2,569 shares of the bank’s stock worth $320,000 after acquiring an additional 89 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in Wintrust Financial by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the bank’s stock worth $2,307,000 after purchasing an additional 100 shares during the last quarter. Captrust Financial Advisors raised its position in shares of Wintrust Financial by 2.8% in the 3rd quarter. Captrust Financial Advisors now owns 3,859 shares of the bank’s stock valued at $419,000 after purchasing an additional 104 shares in the last quarter. MML Investors Services LLC boosted its stake in shares of Wintrust Financial by 1.7% during the 3rd quarter. MML Investors Services LLC now owns 6,201 shares of the bank’s stock valued at $673,000 after buying an additional 106 shares during the last quarter. Finally, Gitterman Wealth Management LLC grew its position in shares of Wintrust Financial by 5.0% during the fourth quarter. Gitterman Wealth Management LLC now owns 2,373 shares of the bank’s stock worth $296,000 after buying an additional 113 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wintrust Financial Stock Performance

Shares of NASDAQ WTFC opened at $95.89 on Tuesday. Wintrust Financial Co. has a 12-month low of $89.10 and a 12-month high of $142.04. The company has a market cap of $6.40 billion, a PE ratio of 9.30 and a beta of 0.94. The stock has a 50 day simple moving average of $119.64 and a 200-day simple moving average of $122.35. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71.

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

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.09%. Wintrust Financial’s dividend payout ratio (DPR) is 19.40%.

Insider Transactions at Wintrust Financial

In other Wintrust Financial news, COO David A. Dykstra sold 4,213 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $131.31, for a total transaction of $553,209.03. Following the completion of the transaction, the chief operating officer now directly owns 206,294 shares of the company’s stock, valued at approximately $27,088,465.14. This trade represents a 2.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Richard B. Murphy sold 3,186 shares of the business’s 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 sale, the insider now directly owns 48,814 shares in the company, valued at $6,409,278.20. This represents a 6.13 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 10,178 shares of company stock valued at $1,336,315. Company insiders own 1.47% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Truist Financial raised shares of Wintrust Financial to a “strong-buy” rating in a report on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $152.00 price target on shares of Wintrust Financial in a research report on Thursday, January 23rd. UBS Group assumed coverage on Wintrust Financial in a report on Tuesday, December 17th. They issued a “buy” rating and a $157.00 price objective for the company. Barclays lifted their target price on Wintrust Financial from $151.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, StockNews.com lowered Wintrust Financial from a “hold” rating to a “sell” rating in a research report on Saturday, February 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $133.69.

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.