McGlone Suttner Wealth Management Inc. Takes $46,000 Position in Wintrust Financial Co. (NASDAQ:WTFC)

McGlone Suttner Wealth Management Inc. acquired a new stake in Wintrust Financial Co. (NASDAQ:WTFC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 494 shares of the bank’s stock, valued at approximately $46,000.

A number of other institutional investors also recently made changes to their positions in WTFC. Belpointe Asset Management LLC boosted its position in Wintrust Financial by 106.2% during the 1st quarter. Belpointe Asset Management LLC now owns 365 shares of the bank’s stock valued at $27,000 after buying an additional 188 shares during the period. Coppell Advisory Solutions Corp. purchased a new stake in Wintrust Financial during the 4th quarter valued at $44,000. Quarry LP lifted its position in shares of Wintrust Financial by 36.1% in the 1st quarter. Quarry LP now owns 663 shares of the bank’s stock worth $48,000 after purchasing an additional 176 shares during the period. Huntington National Bank lifted its position in shares of Wintrust Financial by 30.6% in the 3rd quarter. Huntington National Bank now owns 725 shares of the bank’s stock worth $55,000 after purchasing an additional 170 shares during the period. Finally, Dark Forest Capital Management LP purchased a new stake in shares of Wintrust Financial in the 1st quarter worth about $59,000. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $104.39 on Friday. The company has a 50 day moving average price of $97.41 and a 200-day moving average price of $88.46. Wintrust Financial Co. has a 52 week low of $58.12 and a 52 week high of $105.29. The firm has a market capitalization of $6.48 billion, a PE ratio of 10.90 and a beta of 1.20. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.73.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Thursday, January 18th. The bank reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.55). The business had revenue of $570.80 million during the quarter, compared to analysts’ expectations of $578.89 million. Wintrust Financial had a return on equity of 13.23% and a net margin of 18.71%. During the same period in the previous year, the business posted $2.23 EPS. As a group, equities research analysts expect that Wintrust Financial Co. will post 9.95 earnings per share for the current year.

Wintrust Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were issued a $0.45 dividend. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, February 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.72%. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.79%.

Insider Buying and Selling

In related news, insider Edward J. Wehmer sold 9,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total value of $943,920.00. Following the transaction, the insider now owns 177,124 shares of the company’s stock, valued at $17,599,040.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Wintrust Financial news, insider Edward J. Wehmer sold 9,500 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total transaction of $943,920.00. Following the transaction, the insider now owns 177,124 shares of the company’s stock, valued at $17,599,040.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeffrey D. Hahnfeld sold 588 shares of Wintrust Financial stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total transaction of $57,553.44. Following the transaction, the executive vice president now directly owns 3,410 shares in the company, valued at approximately $333,770.80. The disclosure for this sale can be found here. 1.41% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Wedbush reiterated an “outperform” rating and issued a $110.00 price target on shares of Wintrust Financial in a research note on Thursday, January 18th. Royal Bank of Canada raised their price objective on shares of Wintrust Financial from $104.00 to $109.00 and gave the company an “outperform” rating in a research note on Friday, January 19th. UBS Group raised their price objective on shares of Wintrust Financial from $105.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Truist Financial raised their price objective on shares of Wintrust Financial from $105.00 to $111.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Finally, Barclays began coverage on shares of Wintrust Financial in a research note on Friday, March 8th. They set an “overweight” rating and a $135.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Wintrust Financial presently has a consensus rating of “Moderate Buy” and an average target price of $107.17.

Wintrust Financial Profile

Wintrust Financial Corporation operates as a financial holding company. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), online and mobile banking, and other services.