Wintrust Financial Co. (NASDAQ:WTFC) Position Lowered by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its position in Wintrust Financial Co. (NASDAQ:WTFC) by 4.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 357,460 shares of the bank’s stock after selling 15,327 shares during the quarter. New York State Common Retirement Fund owned approximately 0.54% of Wintrust Financial worth $38,795,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of WTFC. Vanguard Group Inc. raised its position in shares of Wintrust Financial by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank’s stock valued at $673,603,000 after acquiring an additional 244,168 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Wintrust Financial by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,017,295 shares of the bank’s stock worth $297,376,000 after buying an additional 146,090 shares during the last quarter. F M Investments LLC acquired a new position in shares of Wintrust Financial in the 2nd quarter valued at about $11,850,000. Allspring Global Investments Holdings LLC grew its position in shares of Wintrust Financial by 157.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 190,416 shares of the bank’s stock valued at $19,878,000 after buying an additional 116,503 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. raised its stake in Wintrust Financial by 15.5% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 630,824 shares of the bank’s stock worth $62,174,000 after acquiring an additional 84,687 shares during the period. Institutional investors and hedge funds own 93.48% of the company’s stock.

Insider Activity at Wintrust Financial

In other Wintrust Financial news, insider Richard B. Murphy sold 4,099 shares of the company’s stock in a transaction 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 transaction, the insider now owns 42,311 shares of the company’s stock, valued at approximately $4,892,420.93. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO David L. Stoehr sold 1,607 shares of Wintrust Financial 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 transaction, the chief financial officer now owns 14,874 shares of the company’s stock, valued at approximately $1,687,604.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Richard B. Murphy sold 4,099 shares of the business’s 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 sale, the insider now owns 42,311 shares in the company, valued at approximately $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 valued at $2,445,314 over the last ninety days. Insiders own 1.47% of the company’s stock.

Wintrust Financial Stock Performance

WTFC opened at $114.39 on Friday. Wintrust Financial Co. has a 1-year low of $75.75 and a 1-year high of $118.69. The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of 11.98 and a beta of 1.15. The business has a 50 day moving average price of $108.96 and a two-hundred day moving average price of $102.94. 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 (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 for the quarter, compared to the consensus estimate of $623.45 million. During the same period in the prior year, the business earned $2.53 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. Research analysts predict that Wintrust Financial Co. will post 10.13 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be issued 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 dividend yield of 1.57%. Wintrust Financial’s payout ratio is currently 18.85%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on WTFC. 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. Stephens restated an “overweight” rating and set 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 increased their price objective for the stock from $110.00 to $115.00 in a report on Friday, July 19th. Wedbush reissued an “outperform” rating and set a $130.00 target price on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Finally, 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. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.