Wintrust Financial Co. (NASDAQ:WTFC) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its holdings in Wintrust Financial Co. (NASDAQ:WTFC) by 16.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 7,718 shares of the bank’s stock after acquiring an additional 1,105 shares during the quarter. State of Alaska Department of Revenue’s holdings in Wintrust Financial were worth $837,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Versant Capital Management Inc raised its stake in Wintrust Financial by 825.0% during the second quarter. Versant Capital Management Inc now owns 296 shares of the bank’s stock valued at $29,000 after buying an additional 264 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Wintrust Financial during the third quarter valued at approximately $35,000. UMB Bank n.a. raised its stake in Wintrust Financial by 62.0% during the third quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock valued at $56,000 after buying an additional 196 shares in the last quarter. Whittier Trust Co. raised its stake in Wintrust Financial by 138.8% during the first quarter. Whittier Trust Co. now owns 578 shares of the bank’s stock valued at $60,000 after buying an additional 336 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Wintrust Financial by 62.6% during the second quarter. GAMMA Investing LLC now owns 818 shares of the bank’s stock valued at $81,000 after buying an additional 315 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Analysts Set New Price Targets

WTFC has been the topic of several research reports. Piper Sandler upped their price objective on Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. DA Davidson upped their target price on Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Citigroup upped their target price on Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Wedbush reaffirmed an “outperform” rating and set a $130.00 target price on shares of Wintrust Financial in a report on Tuesday, October 22nd. Finally, Stephens reaffirmed an “overweight” rating and set a $115.00 target price on shares of Wintrust Financial in a report on Thursday, July 18th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Wintrust Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.00.

Insiders Place Their Bets

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

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $115.15 on Wednesday. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 12.06 and a beta of 1.15. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 1.01. Wintrust Financial Co. has a 12-month low of $76.67 and a 12-month high of $118.69. The business has a 50 day simple moving average of $109.11 and a 200 day simple moving average of $103.18.

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 firm had revenue of $615.73 million during the quarter, compared to analyst estimates of $623.45 million. Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the company earned $2.53 earnings per share. On average, equities research analysts anticipate that Wintrust Financial Co. will post 10.13 EPS for the current year.

Wintrust Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.80 dividend on an annualized basis and a yield of 1.56%. Wintrust Financial’s dividend payout ratio (DPR) is 18.85%.

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.