Forum Financial Management LP Has $658,000 Stock Position in Wintrust Financial Co. (NASDAQ:WTFC)

Forum Financial Management LP raised its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 2.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,065 shares of the bank’s stock after purchasing an additional 166 shares during the quarter. Forum Financial Management LP’s holdings in Wintrust Financial were worth $658,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings 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 purchasing an additional 244,168 shares in the last quarter. Capital International Investors lifted its holdings in shares of Wintrust Financial by 4.6% during the 1st quarter. Capital International Investors now owns 1,638,085 shares of the bank’s stock valued at $171,000,000 after purchasing an additional 72,082 shares in the last quarter. Choreo LLC bought a new stake in Wintrust Financial in the 2nd quarter valued at approximately $1,115,000. Allspring Global Investments Holdings LLC lifted its stake in Wintrust Financial by 7.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 203,285 shares of the bank’s stock valued at $22,063,000 after acquiring an additional 14,699 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in Wintrust Financial by 2.7% in the 2nd quarter. Raymond James & Associates now owns 207,944 shares of the bank’s stock valued at $20,495,000 after acquiring an additional 5,563 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Stock Performance

Shares of NASDAQ WTFC opened at $113.29 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 1.01. The stock’s fifty day moving average price is $108.96 and its two-hundred day moving average price is $103.05. Wintrust Financial Co. has a one year low of $76.67 and a one year high of $118.69. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of 11.86 and a beta of 1.15.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, October 21st. The bank reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.50 by ($0.03). The company had revenue of $615.73 million for 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% compared to the same quarter last year. During the same period last year, the company posted $2.53 earnings per share. On average, equities analysts forecast that Wintrust Financial Co. will post 10.13 EPS for the current year.

Wintrust Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Thursday, November 7th. Wintrust Financial’s dividend payout ratio (DPR) is currently 18.85%.

Analyst Ratings Changes

Several equities research analysts have commented on WTFC shares. Piper Sandler boosted their target price 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 price objective on Wintrust Financial from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Stephens reiterated an “overweight” rating and set a $115.00 price objective on shares of Wintrust Financial in a research note on Thursday, July 18th. Raymond James upped their price objective on Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada upped their price objective on Wintrust Financial from $116.00 to $117.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 9th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.00.

Insider Transactions at Wintrust Financial

In other news, insider Richard B. Murphy sold 4,099 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total transaction of $473,967.37. Following the sale, the insider now directly owns 42,311 shares of the company’s stock, valued at approximately $4,892,420.93. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related 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 transaction 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO David A. Dykstra sold 15,492 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total value of $1,789,016.16. Following the sale, the chief operating officer now owns 197,591 shares of the company’s stock, valued at approximately $22,817,808.68. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,198 shares of company stock valued at $2,445,314. 1.47% of the stock is owned by corporate insiders.

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.