Wintrust Financial Co. (NASDAQ:WTFC) Stock Holdings Lifted by Arizona State Retirement System

Arizona State Retirement System lifted its holdings in Wintrust Financial Co. (NASDAQ:WTFC) by 0.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 19,291 shares of the bank’s stock after buying an additional 154 shares during the quarter. Arizona State Retirement System’s holdings in Wintrust Financial were worth $2,406,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its position in Wintrust Financial by 8.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 10,539 shares of the bank’s stock valued at $1,144,000 after purchasing an additional 790 shares during the last quarter. Assetmark Inc. lifted its position in Wintrust Financial by 11.3% in the 3rd quarter. Assetmark Inc. now owns 16,713 shares of the bank’s stock valued at $1,814,000 after purchasing an additional 1,693 shares during the last quarter. Atria Investments Inc lifted its position in Wintrust Financial by 5.2% in the 3rd quarter. Atria Investments Inc now owns 8,122 shares of the bank’s stock valued at $881,000 after purchasing an additional 402 shares during the last quarter. Mesirow Financial Investment Management Inc. bought a new stake in Wintrust Financial in the 3rd quarter valued at about $273,000. Finally, Covestor Ltd lifted its position 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 during the last quarter. 93.48% of the stock is currently owned by institutional investors.

Wintrust Financial Stock Down 4.5 %

NASDAQ WTFC opened at $107.76 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.00. The company’s 50 day simple moving average is $127.38 and its 200 day simple moving average is $121.78. Wintrust Financial Co. has a 12 month low of $91.38 and a 12 month high of $142.04. The company has a market capitalization of $7.19 billion, a P/E ratio of 10.45 and a beta of 1.16.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.11. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same quarter last year, the company earned $1.87 EPS. Equities research analysts expect that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.86%. The ex-dividend date was Thursday, February 6th. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.45. Wintrust Financial’s dividend payout ratio is currently 19.40%.

Analyst Ratings Changes

Several brokerages recently weighed in on WTFC. Truist Financial upgraded shares of Wintrust Financial to a “strong-buy” rating in a research report on Monday, January 6th. UBS Group began coverage on shares of Wintrust Financial in a research report on Tuesday, December 17th. They issued a “buy” rating and a $157.00 price objective on the stock. Piper Sandler lifted their price objective on shares of Wintrust Financial from $151.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Raymond James restated a “strong-buy” rating and set a $150.00 price target (up from $135.00) on shares of Wintrust Financial in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $152.00 price target on shares of Wintrust Financial in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $133.69.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial news, CFO David L. Stoehr sold 2,363 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $131.32, for a total value of $310,309.16. Following the completion of the sale, the chief financial officer now directly owns 19,858 shares of the company’s stock, valued at $2,607,752.56. The trade was a 10.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Richard B. Murphy sold 3,186 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $131.30, for a total transaction of $418,321.80. Following the completion of the sale, the insider now directly owns 48,814 shares of the company’s stock, valued at $6,409,278.20. This represents a 6.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,178 shares of company stock worth $1,336,315. 1.47% of the stock is currently owned by company insiders.

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.