10,169 Shares in Wintrust Financial Corporation $WTFC Bought by Norris Perne & French LLP MI

Norris Perne & French LLP MI bought a new position in Wintrust Financial Corporation (NASDAQ:WTFC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,169 shares of the bank’s stock, valued at approximately $1,442,000.

Other hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC raised its holdings in Wintrust Financial by 7.7% during the 1st quarter. Parallel Advisors LLC now owns 976 shares of the bank’s stock valued at $136,000 after buying an additional 70 shares during the last quarter. MeadowBrook Investment Advisors LLC grew its holdings in Wintrust Financial by 3.0% in the 1st quarter. MeadowBrook Investment Advisors LLC now owns 2,545 shares of the bank’s stock worth $354,000 after acquiring an additional 75 shares during the last quarter. HB Wealth Management LLC grew its holdings in Wintrust Financial by 4.6% in the 2nd quarter. HB Wealth Management LLC now owns 2,072 shares of the bank’s stock worth $333,000 after acquiring an additional 91 shares during the last quarter. Compound Planning Inc. increased its position in shares of Wintrust Financial by 5.3% in the first quarter. Compound Planning Inc. now owns 1,868 shares of the bank’s stock valued at $260,000 after acquiring an additional 94 shares during the period. Finally, Clearwater Capital Advisors LLC increased its position in shares of Wintrust Financial by 7.3% in the first quarter. Clearwater Capital Advisors LLC now owns 1,596 shares of the bank’s stock valued at $222,000 after acquiring an additional 109 shares during the period. 93.48% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Wintrust Financial

In other news, insider Richard B. Murphy sold 7,136 shares of Wintrust Financial stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $148.66, for a total transaction of $1,060,837.76. Following the completion of the transaction, the insider directly owned 30,107 shares in the company, valued at approximately $4,475,706.62. This trade represents a 19.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO David A. Dykstra sold 13,515 shares of Wintrust Financial stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $162.77, for a total transaction of $2,199,836.55. Following the transaction, the chief operating officer owned 166,449 shares of the company’s stock, valued at $27,092,903.73. The trade was a 7.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.24% of the stock is currently owned by corporate insiders.

Wintrust Financial Stock Performance

Shares of Wintrust Financial stock opened at $150.77 on Friday. Wintrust Financial Corporation has a 12 month low of $122.00 and a 12 month high of $167.21. The firm has a market capitalization of $10.17 billion, a P/E ratio of 11.56, a P/E/G ratio of 1.19 and a beta of 0.89. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.63. The business has a fifty day simple moving average of $148.46 and a two-hundred day simple moving average of $152.41.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, October 19th. The bank reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.06. The firm had revenue of $757.88 million for the quarter, compared to the consensus estimate of $754.54 million. Wintrust Financial had a net margin of 21.03% and a return on equity of 13.31%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.06 EPS. On average, equities analysts forecast that Wintrust Financial Corporation will post 13.27 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Thursday, November 5th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, November 5th. This represents a $2.20 annualized dividend and a yield of 1.5%. Wintrust Financial’s payout ratio is presently 16.87%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Wintrust Financial in a research note on Monday, October 12th. They set a “buy” rating and a $175.00 price objective for the company. Brean Capital cut Wintrust Financial from a “buy” rating to a “neutral” rating and set a $170.00 target price on the stock. in a research note on Tuesday, July 21st. Citigroup downgraded Wintrust Financial from a “buy” rating to a “hold” rating in a report on Tuesday, July 21st. Barclays reduced their price target on Wintrust Financial from $192.00 to $190.00 and set an “overweight” rating on the stock in a report on Monday, October 5th. Finally, Piper Sandler lowered their price target on Wintrust Financial from $195.00 to $186.00 and set an “overweight” rating for the company in a research report on Wednesday. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Wintrust Financial has an average rating of “Moderate Buy” and an average price target of $175.00.

About Wintrust Financial

Wintrust Financial Corporation (NASDAQ: WTFC) is a financial holding company headquartered in Rosemont, Illinois. Through its network of community banking subsidiaries, the company provides banking and financial services to individuals, families, businesses and institutions.

Its offerings include checking and savings accounts, commercial and consumer lending, residential mortgages, treasury management, cash management and other deposit services. Wintrust also provides wealth management, investment services, insurance-related products and specialized finance solutions, including equipment finance and premium finance.

Founded in 1991, Wintrust has built its business through a community banking model that combines local decision-making and relationship-based service with the resources of a larger financial organization.