Wintrust Financial Corporation $WTFC Stock Holdings Increased by Fiera Capital Corp

Fiera Capital Corp lifted its stake in Wintrust Financial Corporation (NASDAQ:WTFC) by 32.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 534,954 shares of the bank’s stock after acquiring an additional 132,131 shares during the quarter. Fiera Capital Corp’s holdings in Wintrust Financial were worth $74,797,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Choreo LLC lifted its position in shares of Wintrust Financial by 3.4% in the fourth quarter. Choreo LLC now owns 2,121 shares of the bank’s stock worth $299,000 after purchasing an additional 69 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Wintrust Financial by 4.6% in the fourth quarter. GAMMA Investing LLC now owns 1,755 shares of the bank’s stock worth $245,000 after purchasing an additional 77 shares in the last quarter. Cresset Asset Management LLC lifted its position in shares of Wintrust Financial by 2.4% in the third quarter. Cresset Asset Management LLC now owns 3,730 shares of the bank’s stock worth $494,000 after purchasing an additional 88 shares in the last quarter. Savant Capital LLC lifted its position in shares of Wintrust Financial by 1.4% in the fourth quarter. Savant Capital LLC now owns 6,748 shares of the bank’s stock worth $944,000 after purchasing an additional 95 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Wintrust Financial by 20.6% in the second quarter. NewEdge Advisors LLC now owns 586 shares of the bank’s stock worth $73,000 after purchasing an additional 100 shares in the last quarter. 93.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Suzet M. Mckinney sold 500 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $148.96, for a total value of $74,480.00. Following the completion of the sale, the director directly owned 3,303 shares in the company, valued at approximately $492,014.88. The trade was a 13.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO David L. Stoehr sold 3,020 shares of the business’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $150.45, for a total value of $454,359.00. Following the completion of the sale, the chief financial officer owned 13,213 shares of the company’s stock, valued at approximately $1,987,895.85. This trade represents a 18.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 13,099 shares of company stock worth $1,954,386. 1.24% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Stephens assumed coverage on shares of Wintrust Financial in a research report on Friday, March 27th. They issued an “equal weight” rating and a $160.00 price target for the company. Citigroup increased their price target on shares of Wintrust Financial from $178.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Royal Bank Of Canada boosted their price target on Wintrust Financial from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Piper Sandler reissued an “overweight” rating and issued a $188.00 price target (up from $184.00) on shares of Wintrust Financial in a research note on Wednesday, April 22nd. Finally, Barclays boosted their price target on Wintrust Financial from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $168.92.

Wintrust Financial Stock Performance

Shares of NASDAQ WTFC opened at $152.90 on Monday. The stock has a market cap of $10.31 billion, a price-to-earnings ratio of 12.82 and a beta of 0.85. The business has a 50 day simple moving average of $146.87 and a 200 day simple moving average of $144.34. Wintrust Financial Corporation has a 52 week low of $116.57 and a 52 week high of $162.96. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.97 and a current ratio of 0.98.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Monday, April 20th. The bank reported $3.22 EPS for the quarter, beating the consensus estimate of $2.96 by $0.26. The business had revenue of $713.17 million during the quarter, compared to analysts’ expectations of $707.23 million. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.69 EPS. On average, research analysts predict that Wintrust Financial Corporation will post 13.07 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were issued 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 payout ratio is 18.44%.

Wintrust Financial Company 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.