Wintrust Financial Co. (NASDAQ:WTFC) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its position in Wintrust Financial Co. (NASDAQ:WTFC) by 66.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,353 shares of the bank’s stock after acquiring an additional 2,132 shares during the period. Crossmark Global Holdings Inc.’s holdings in Wintrust Financial were worth $581,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Covestor Ltd boosted its holdings in Wintrust Financial by 77.9% in the 3rd quarter. Covestor Ltd now owns 653 shares of the bank’s stock valued at $71,000 after purchasing an additional 286 shares in the last quarter. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Wintrust Financial in the 3rd quarter valued at approximately $273,000. Atria Investments Inc boosted its stake in shares of Wintrust Financial by 5.2% in the third quarter. Atria Investments Inc now owns 8,122 shares of the bank’s stock valued at $881,000 after buying an additional 402 shares in the last quarter. Assetmark Inc. grew its holdings in Wintrust Financial by 11.3% during the third quarter. Assetmark Inc. now owns 16,713 shares of the bank’s stock worth $1,814,000 after acquiring an additional 1,693 shares during the period. Finally, Principal Financial Group Inc. raised its position in Wintrust Financial by 11.3% in the third quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank’s stock worth $141,981,000 after acquiring an additional 133,311 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Insiders Place Their Bets

In other Wintrust Financial news, CFO David L. Stoehr sold 1,607 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $113.46, for a total value of $182,330.22. Following the sale, the chief financial officer now directly owns 14,874 shares of the company’s stock, valued at approximately $1,687,604.04. This trade represents a 9.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard B. Murphy sold 4,099 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total transaction of $473,967.37. Following the transaction, the insider now directly owns 42,311 shares of the company’s stock, valued at approximately $4,892,420.93. This represents a 8.83 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 21,198 shares of company stock valued at $2,445,314. Company insiders own 1.47% of the company’s stock.

Wintrust Financial Stock Performance

NASDAQ WTFC opened at $131.76 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. Wintrust Financial Co. has a fifty-two week low of $82.90 and a fifty-two week high of $136.08. The business has a fifty day moving average of $113.19 and a 200-day moving average of $105.02. The stock has a market cap of $8.76 billion, a price-to-earnings ratio of 13.80 and a beta of 1.15.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Monday, October 21st. The bank reported $2.47 earnings per share 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 firm had revenue of $615.73 million during the quarter, compared to analyst estimates of $623.45 million. During the same period in the previous year, the firm posted $2.53 EPS. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, analysts predict that Wintrust Financial Co. will post 10.12 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 1.37%. Wintrust Financial’s dividend payout ratio (DPR) is currently 18.85%.

Analyst Ratings Changes

Several equities research analysts have commented on WTFC shares. Keefe, Bruyette & Woods lowered shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $110.00 to $115.00 in a research report on Friday, July 19th. Piper Sandler upped their target price on shares of Wintrust Financial from $131.00 to $136.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. DA Davidson lifted their price target on shares of Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Citigroup boosted their price target on Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $130.00 price objective on shares of Wintrust Financial in a research note on Tuesday, October 22nd. 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $123.00.

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.