Quest Partners LLC Has $237,000 Stake in Wintrust Financial Co. (NASDAQ:WTFC)

Quest Partners LLC increased its stake in Wintrust Financial Co. (NASDAQ:WTFC) by 36,366.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,188 shares of the bank’s stock after acquiring an additional 2,182 shares during the quarter. Quest Partners LLC’s holdings in Wintrust Financial were worth $237,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. raised its holdings in shares of Wintrust Financial by 7.6% during the first quarter. Russell Investments Group Ltd. now owns 9,174 shares of the bank’s stock valued at $958,000 after purchasing an additional 651 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in Wintrust Financial by 10.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 3,221 shares of the bank’s stock worth $336,000 after acquiring an additional 296 shares in the last quarter. PEAK6 Investments LLC bought a new position in Wintrust Financial in the first quarter worth approximately $227,000. Price T Rowe Associates Inc. MD grew its stake in Wintrust Financial by 7.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,385 shares of the bank’s stock valued at $2,964,000 after acquiring an additional 1,919 shares during the period. Finally, LRI Investments LLC bought a new stake in shares of Wintrust Financial during the first quarter valued at approximately $200,000. 93.48% of the stock is owned by institutional investors.

Insider Activity

In other Wintrust Financial news, insider Richard B. Murphy sold 4,099 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total transaction of $473,967.37. Following the sale, the insider now owns 42,311 shares of the company’s stock, valued at $4,892,420.93. The trade was a 8.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David L. Stoehr sold 1,607 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $113.46, for a total value of $182,330.22. Following the completion of the transaction, the chief financial officer now directly owns 14,874 shares of the company’s stock, valued at $1,687,604.04. The trade was a 9.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,198 shares of company stock valued at $2,445,314 in the last 90 days. Insiders own 1.47% of the company’s stock.

Wintrust Financial Price Performance

WTFC opened at $137.89 on Wednesday. Wintrust Financial Co. has a fifty-two week low of $82.90 and a fifty-two week high of $142.04. The firm has a 50-day moving average of $116.73 and a 200 day moving average of $106.53. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.01 and a current ratio of 1.02. The firm has a market cap of $9.17 billion, a P/E ratio of 14.44 and a beta of 1.15.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). The company had revenue of $615.73 million for the quarter, compared to the consensus estimate of $623.45 million. Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The firm’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.53 earnings per share. On average, research analysts expect that Wintrust Financial Co. will post 10.12 EPS for the current year.

Wintrust Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.31%. Wintrust Financial’s payout ratio is presently 18.85%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WTFC. Wedbush reissued an “outperform” rating and issued a $130.00 price target on shares of Wintrust Financial in a research report on Tuesday, October 22nd. Citigroup lifted their price objective on shares of Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Raymond James upped their target price on shares of Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 23rd. DA Davidson lifted their price target on Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Truist Financial increased their price objective on Wintrust Financial from $123.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $123.00.

Wintrust Financial Company 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.