Venturi Wealth Management LLC Buys 1,631 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Venturi Wealth Management LLC grew its stake in Wintrust Financial Co. (NASDAQ:WTFC) by 508.1% in the third quarter, HoldingsChannel reports. The fund owned 1,952 shares of the bank’s stock after acquiring an additional 1,631 shares during the period. Venturi Wealth Management LLC’s holdings in Wintrust Financial were worth $212,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Chartwell Investment Partners LLC boosted its position in shares of Wintrust Financial by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 11,049 shares of the bank’s stock worth $1,200,000 after purchasing an additional 89 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of Wintrust Financial by 11.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 866 shares of the bank’s stock worth $85,000 after buying an additional 91 shares during the period. Shaker Investments LLC OH increased its stake in shares of Wintrust Financial by 0.3% in the 3rd quarter. Shaker Investments LLC OH now owns 28,928 shares of the bank’s stock valued at $3,140,000 after acquiring an additional 96 shares during the last quarter. US Bancorp DE raised its position in shares of Wintrust Financial by 0.5% in the 3rd quarter. US Bancorp DE now owns 24,716 shares of the bank’s stock valued at $2,682,000 after acquiring an additional 126 shares during the period. Finally, Concurrent Investment Advisors LLC boosted its stake in Wintrust Financial by 1.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 10,304 shares of the bank’s stock worth $1,016,000 after acquiring an additional 145 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Wintrust Financial

In other news, COO David A. Dykstra sold 15,492 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total value of $1,789,016.16. Following the completion of the sale, the chief operating officer now owns 197,591 shares of the company’s stock, valued at approximately $22,817,808.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, COO David A. Dykstra sold 15,492 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $115.48, for a total value of $1,789,016.16. Following the sale, the chief operating officer now directly owns 197,591 shares of the company’s stock, valued at approximately $22,817,808.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard B. Murphy sold 4,099 shares of Wintrust Financial stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total value of $473,967.37. Following the transaction, the insider now owns 42,311 shares of the company’s stock, valued at $4,892,420.93. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,198 shares of company stock worth $2,445,314 over the last ninety days. 1.47% of the stock is currently owned by corporate insiders.

Wintrust Financial Price Performance

NASDAQ WTFC opened at $132.62 on Thursday. The firm’s 50 day moving average is $112.11 and its 200-day moving average is $104.60. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $8.82 billion, a PE ratio of 13.89 and a beta of 1.15. Wintrust Financial Co. has a 12-month low of $79.85 and a 12-month high of $136.08.

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

Wintrust Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, November 7th. This represents a $1.80 annualized dividend and a yield of 1.36%. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.85%.

Analyst Ratings Changes

Several equities research analysts have commented on WTFC shares. Truist Financial upped their target price on shares of Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Keefe, Bruyette & Woods downgraded Wintrust Financial from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $110.00 to $115.00 in a research note on Friday, July 19th. Stephens reissued an “overweight” rating and issued a $115.00 target price on shares of Wintrust Financial in a research note on Thursday, July 18th. Piper Sandler raised their price target on Wintrust Financial from $131.00 to $136.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Citigroup boosted their price objective on Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $123.00.

About Wintrust Financial

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.