Argent Trust Co Acquires Shares of 2,737 Wintrust Financial Co. (NASDAQ:WTFC)

Argent Trust Co acquired a new stake in shares of Wintrust Financial Co. (NASDAQ:WTFC – Get Rating) in the 4th quarter, Holdings Channel reports. The firm acquired 2,737 shares of the bank’s stock, valued at approximately $231,000.

Other institutional investors have also bought and sold shares of the company. BDO Wealth Advisors LLC lifted its position in Wintrust Financial by 6,200.0% during the fourth quarter. BDO Wealth Advisors LLC now owns 567 shares of the bank’s stock valued at $48,000 after purchasing an additional 558 shares during the last quarter. Romano Brothers AND Company bought a new stake in shares of Wintrust Financial in the 4th quarter worth about $71,000. CoreCap Advisors LLC bought a new stake in shares of Wintrust Financial in the 4th quarter worth about $81,000. Quadrant Capital Group LLC lifted its holdings in shares of Wintrust Financial by 44.6% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,008 shares of the bank’s stock worth $82,000 after acquiring an additional 311 shares during the last quarter. Finally, Accurate Wealth Management LLC bought a new stake in shares of Wintrust Financial in the 4th quarter worth about $134,000. Institutional investors own 89.47% of the company’s stock.

Wintrust Financial Stock Down 0.5 %

WTFC stock opened at $64.98 on Friday. The firm has a 50 day moving average of $68.57 and a 200 day moving average of $81.15. The stock has a market capitalization of $3.98 billion, a PE ratio of 7.44, a price-to-earnings-growth ratio of 0.39 and a beta of 1.17. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.78. Wintrust Financial Co. has a 52 week low of $57.48 and a 52 week high of $97.81.

Wintrust Financial (NASDAQ:WTFC – Get Rating) last released its earnings results on Thursday, April 20th. The bank reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.25. Wintrust Financial had a net margin of 22.82% and a return on equity of 12.84%. The company had revenue of $565.76 million during the quarter, compared to analysts’ expectations of $567.68 million. During the same period last year, the business earned $2.07 EPS. Wintrust Financial’s revenue for the quarter was up 22.4% on a year-over-year basis. Sell-side analysts forecast that Wintrust Financial Co. will post 9.96 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 25th. Shareholders of record on Thursday, May 11th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.46%. The ex-dividend date was Wednesday, May 10th. Wintrust Financial’s payout ratio is 18.33%.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial news, CEO Timothy Crane acquired 1,500 shares of the firm’s stock in a transaction on Thursday, May 11th. The stock was acquired at an average cost of $60.87 per share, for a total transaction of $91,305.00. Following the purchase, the chief executive officer now owns 42,707 shares in the company, valued at approximately $2,599,575.09. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director H Patrick Hackett, Jr. bought 7,100 shares of the firm’s stock in a transaction that occurred on Monday, March 13th. The stock was purchased at an average cost of $73.31 per share, for a total transaction of $520,501.00. Following the purchase, the director now directly owns 47,173 shares in the company, valued at approximately $3,458,252.63. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Timothy Crane bought 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The stock was purchased at an average price of $60.87 per share, with a total value of $91,305.00. Following the completion of the purchase, the chief executive officer now owns 42,707 shares in the company, valued at $2,599,575.09. The disclosure for this purchase can be found here. Company insiders own 1.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on WTFC shares. UBS Group lowered their target price on shares of Wintrust Financial from $76.00 to $75.00 in a report on Tuesday, April 25th. DA Davidson reduced their price target on shares of Wintrust Financial from $84.00 to $82.00 and set a “buy” rating on the stock in a research note on Friday, April 21st. Truist Financial reduced their price target on shares of Wintrust Financial from $87.00 to $80.00 in a research note on Monday, April 24th. Raymond James reduced their price target on shares of Wintrust Financial from $110.00 to $95.00 and set a “strong-buy” rating on the stock in a research note on Thursday, April 6th. Finally, Hovde Group raised shares of Wintrust Financial from a “market perform” rating to an “outperform” rating and set a $108.00 price target on the stock in a research note on Wednesday, February 1st. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $94.73.

About Wintrust Financial

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Wintrust Financial Corp. operates as holding company, which engages in the provision of banking and financial services. It operates through the following segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment provides community-oriented, personal, and commercial banking services to customers located in its market area.