Wintrust Financial Corporation $WTFC Stock Holdings Lifted by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 50.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,000 shares of the bank’s stock after buying an additional 4,357 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Wintrust Financial were worth $1,844,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in WTFC. Choreo LLC grew its stake in Wintrust Financial by 18.7% in the 3rd quarter. Choreo LLC now owns 3,499 shares of the bank’s stock valued at $496,000 after acquiring an additional 550 shares during the last quarter. North Dakota State Investment Board raised its position in Wintrust Financial by 3.5% during the third quarter. North Dakota State Investment Board now owns 2,032 shares of the bank’s stock worth $288,000 after acquiring an additional 69 shares during the last quarter. Moody Aldrich Partners LLC raised its position in Wintrust Financial by 3.9% during the third quarter. Moody Aldrich Partners LLC now owns 59,657 shares of the bank’s stock worth $8,461,000 after acquiring an additional 2,243 shares during the last quarter. Access Investment Management LLC lifted its holdings in shares of Wintrust Financial by 2.6% in the third quarter. Access Investment Management LLC now owns 18,887 shares of the bank’s stock valued at $2,679,000 after purchasing an additional 485 shares in the last quarter. Finally, Norris Perne & French LLP MI purchased a new stake in shares of Wintrust Financial in the third quarter valued at about $1,442,000. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Wintrust Financial

In other Wintrust Financial news, 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 value of $2,199,836.55. Following the completion of the sale, the chief operating officer directly owned 166,449 shares of the company’s stock, valued at approximately $27,092,903.73. The trade was a 7.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard B. Murphy sold 7,136 shares of Wintrust Financial stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $148.66, for a total transaction of $1,060,837.76. Following the completion of the sale, the insider directly owned 30,107 shares of the company’s stock, valued at $4,475,706.62. The trade was a 19.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.24% of the company’s stock.

Wintrust Financial Trading Down 1.3%

Shares of WTFC stock opened at $155.37 on Wednesday. The firm has a 50-day moving average price of $148.19 and a 200 day moving average price of $150.31. Wintrust Financial Corporation has a twelve month low of $122.00 and a twelve month high of $167.21. The company has a market capitalization of $10.48 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 1.15 and a beta of 0.86. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.63.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, October 19th. The bank reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.06. Wintrust Financial had a net margin of 21.03% and a return on equity of 13.31%. The company had revenue of $757.88 million for the quarter, compared to analyst estimates of $754.54 million. During the same period in the prior year, the firm earned $3.06 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Research analysts forecast that Wintrust Financial Corporation will post 13.29 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Thursday, November 5th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, November 5th. Wintrust Financial’s payout ratio is currently 16.87%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Truist Financial lowered their price target on shares of Wintrust Financial from $183.00 to $175.00 and set a “buy” rating on the stock in a research report on Monday, October 26th. Raymond James Financial set a $165.00 price objective on Wintrust Financial in a research report on Wednesday, October 21st. Citigroup downgraded Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, July 21st. DA Davidson set a $180.00 target price on Wintrust Financial in a research note on Tuesday, October 20th. Finally, Barclays increased their target price on Wintrust Financial from $190.00 to $195.00 and gave the company an “overweight” rating in a report on Tuesday. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $175.50.

Wintrust Financial Company Profile

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.