Wintrust Financial Co. (NASDAQ:WTFC) Shares Sold by Versor Investments LP

Versor Investments LP decreased its holdings in Wintrust Financial Co. (NASDAQ:WTFC) by 23.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,105 shares of the bank’s stock after selling 1,595 shares during the quarter. Versor Investments LP’s holdings in Wintrust Financial were worth $554,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Versant Capital Management Inc increased its position in shares of Wintrust Financial by 825.0% in 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 position in Wintrust Financial during the third quarter worth $35,000. UMB Bank n.a. lifted its holdings 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 purchasing an additional 196 shares in the last quarter. Covestor Ltd lifted its holdings in Wintrust Financial by 77.9% during the third 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. Finally, GAMMA Investing LLC grew its position in shares of Wintrust Financial by 62.6% in the second quarter. GAMMA Investing LLC now owns 818 shares of the bank’s stock valued at $81,000 after purchasing an additional 315 shares during the period. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Analyst Ratings Changes

WTFC has been the topic of a number of research reports. Raymond James raised their price target on shares of Wintrust Financial from $125.00 to $135.00 and gave the company a “strong-buy” rating in a research note on Wednesday, October 23rd. Wedbush reaffirmed an “outperform” rating and issued a $130.00 price target on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Stephens reissued an “overweight” rating and issued a $115.00 price objective on shares of Wintrust Financial in a research note on Thursday, July 18th. Keefe, Bruyette & Woods cut shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $110.00 to $115.00 in a research note on Friday, July 19th. Finally, Truist Financial increased their target price on shares of Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.00.

Wintrust Financial Price Performance

Wintrust Financial stock opened at $132.62 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73. The company has a 50-day moving average price of $112.11 and a 200 day moving average price of $104.60. Wintrust Financial Co. has a 12-month low of $79.85 and a 12-month high of $136.08. The stock has a market cap of $8.82 billion, a P/E ratio of 13.89 and a beta of 1.15.

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

Wintrust Financial Dividend Announcement

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

Insider Activity

In related news, CFO David L. Stoehr sold 1,607 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were 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 in the company, valued at approximately $1,687,604.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, COO David A. Dykstra sold 15,492 shares of the firm’s 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 transaction, the chief operating officer now directly owns 197,591 shares in the company, valued at $22,817,808.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO David L. Stoehr sold 1,607 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total value of $182,330.22. Following the completion of the sale, the chief financial officer now owns 14,874 shares in the company, valued at $1,687,604.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,198 shares of company stock valued at $2,445,314 in the last quarter. Insiders own 1.47% of the company’s stock.

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.