Vestor Capital LLC Grows Position in Wintrust Financial Corporation $WTFC

Vestor Capital LLC boosted its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 47,929.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,054 shares of the bank’s stock after acquiring an additional 23,006 shares during the period. Vestor Capital LLC’s holdings in Wintrust Financial were worth $3,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of WTFC. F m Investments LLC grew its position in Wintrust Financial by 61.6% in the 4th quarter. F m Investments LLC now owns 70,857 shares of the bank’s stock valued at $9,907,000 after buying an additional 27,013 shares in the last quarter. Westfield Capital Management Co. LP raised its position in shares of Wintrust Financial by 22.5% during the 4th quarter. Westfield Capital Management Co. LP now owns 559,762 shares of the bank’s stock worth $78,266,000 after buying an additional 102,798 shares in the last quarter. Artemis Investment Management LLP acquired a new stake in shares of Wintrust Financial in the 4th quarter worth approximately $59,287,000. Horizon Investments LLC lifted its stake in shares of Wintrust Financial by 79.8% in the 4th quarter. Horizon Investments LLC now owns 33,287 shares of the bank’s stock worth $4,654,000 after acquiring an additional 14,776 shares during the period. Finally, Nicholas Investment Partners LP boosted its holdings in shares of Wintrust Financial by 6.2% in the fourth quarter. Nicholas Investment Partners LP now owns 117,590 shares of the bank’s stock valued at $16,441,000 after acquiring an additional 6,917 shares in the last quarter. Institutional investors own 93.48% of the company’s stock.

Insider Activity at Wintrust Financial

In related news, Director Suzet M. Mckinney sold 500 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $148.96, for a total value of $74,480.00. Following the completion of the transaction, the director owned 3,303 shares in the company, valued at $492,014.88. This trade represents a 13.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.24% of the stock is currently owned by corporate insiders.

Wintrust Financial Trading Up 0.3%

Shares of NASDAQ:WTFC opened at $159.65 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.97 and a current ratio of 0.98. The stock has a market capitalization of $10.77 billion, a price-to-earnings ratio of 12.82 and a beta of 0.84. Wintrust Financial Corporation has a 1-year low of $119.61 and a 1-year high of $167.21. The company has a 50 day moving average price of $157.37 and a 200 day moving average price of $149.89.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Monday, July 20th. The bank reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.15. The company had revenue of $738.63 million for the quarter, compared to analysts’ expectations of $735.36 million. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The firm’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.78 earnings per share. On average, research analysts anticipate that Wintrust Financial Corporation will post 13.04 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, August 6th. Wintrust Financial’s dividend payout ratio is currently 17.67%.

Analyst Ratings Changes

A number of research firms recently commented on WTFC. Citigroup lowered shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, July 21st. TD Cowen cut their target price on Wintrust Financial from $184.00 to $183.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Raymond James Financial assumed coverage on Wintrust Financial in a research note on Tuesday, July 7th. They set an “outperform” rating and a $180.00 price target for the company. Piper Sandler set a $186.00 price target on Wintrust Financial in a research report on Wednesday, July 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Wintrust Financial in a research note on Monday, June 29th. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.77.

Wintrust Financial Profile

Wintrust Financial Corporation is a Chicago?area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid?size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.