CHICAGO TRUST Co NA Has $14.64 Million Stock Holdings in Wintrust Financial Corporation $WTFC

CHICAGO TRUST Co NA cut its holdings in Wintrust Financial Corporation (NASDAQ:WTFC) by 12.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 105,371 shares of the bank’s stock after selling 14,367 shares during the quarter. Wintrust Financial makes up approximately 2.3% of CHICAGO TRUST Co NA’s holdings, making the stock its 6th biggest holding. CHICAGO TRUST Co NA’s holdings in Wintrust Financial were worth $14,640,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of WTFC. Advisors Asset Management Inc. bought a new position in Wintrust Financial in the first quarter valued at about $27,000. Elyxium Wealth LLC bought a new position in shares of Wintrust Financial in the fourth quarter worth about $31,000. Creative Financial Designs Inc. ADV boosted its stake in shares of Wintrust Financial by 231.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock valued at $32,000 after purchasing an additional 160 shares in the last quarter. Harbour Investments Inc. boosted its stake in shares of Wintrust Financial by 72.7% in the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock valued at $34,000 after purchasing an additional 101 shares in the last quarter. Finally, Strive Financial Group LLC acquired a new stake in shares of Wintrust Financial in the 4th quarter valued at approximately $39,000. 93.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on WTFC. Truist Financial lowered their price objective on shares of Wintrust Financial from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, March 23rd. Piper Sandler restated an “overweight” rating and issued a $188.00 target price (up from $184.00) on shares of Wintrust Financial in a research report on Wednesday, April 22nd. DA Davidson reaffirmed a “buy” rating and set a $185.00 target price on shares of Wintrust Financial in a research note on Tuesday. Stephens began coverage on shares of Wintrust Financial in a report on Friday, March 27th. They set an “equal weight” rating and a $160.00 price target for the company. Finally, Barclays upped their price target on shares of Wintrust Financial from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $170.58.

Wintrust Financial Stock Performance

NASDAQ:WTFC opened at $162.79 on Thursday. The stock’s 50-day moving average is $152.33 and its 200-day moving average is $147.23. Wintrust Financial Corporation has a 1-year low of $119.61 and a 1-year high of $163.36. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.62. The stock has a market cap of $10.98 billion, a P/E ratio of 13.65 and a beta of 0.84.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Monday, April 20th. The bank reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.96 by $0.26. Wintrust Financial had a net margin of 20.11% and a return on equity of 13.15%. The business had revenue of $713.17 million during the quarter, compared to analyst estimates of $707.23 million. During the same quarter last year, the business earned $2.69 EPS. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. Equities research analysts anticipate that Wintrust Financial Corporation will post 13.09 earnings per share for the current year.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.4%. The ex-dividend date was Thursday, May 14th. Wintrust Financial’s dividend payout ratio is 18.44%.

Insider Activity

In related news, COO David A. Dykstra sold 9,579 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $148.82, for a total value of $1,425,546.78. Following the completion of the sale, the chief operating officer directly owned 179,810 shares in the company, valued at $26,759,324.20. This represents a 5.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Suzet M. Mckinney sold 500 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $148.96, for a total value of $74,480.00. Following the completion of the sale, the director owned 3,303 shares of the company’s stock, valued at $492,014.88. The trade was a 13.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 13,099 shares of company stock valued at $1,954,386. Insiders own 1.24% of the company’s stock.

Wintrust Financial Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.