Wintrust Financial Co. (NASDAQ:WTFC) Shares Acquired by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC lifted its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 0.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,049 shares of the bank’s stock after purchasing an additional 89 shares during the period. Chartwell Investment Partners LLC’s holdings in Wintrust Financial were worth $1,200,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Janney Montgomery Scott LLC lifted its stake in Wintrust Financial by 29.8% during the first quarter. Janney Montgomery Scott LLC now owns 7,920 shares of the bank’s stock worth $827,000 after purchasing an additional 1,816 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in Wintrust Financial by 17.2% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 4,702 shares of the bank’s stock valued at $491,000 after buying an additional 691 shares during the last quarter. Sei Investments Co. increased its holdings in Wintrust Financial by 23.6% in the first quarter. Sei Investments Co. now owns 118,312 shares of the bank’s stock valued at $12,351,000 after buying an additional 22,586 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Wintrust Financial by 7.6% in the first quarter. Russell Investments Group Ltd. now owns 9,174 shares of the bank’s stock valued at $958,000 after acquiring an additional 651 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Wintrust Financial by 5.9% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 127,567 shares of the bank’s stock valued at $13,316,000 after acquiring an additional 7,095 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Wintrust Financial

In related news, insider Richard B. Murphy sold 4,099 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total value of $473,967.37. Following the transaction, the insider now directly owns 42,311 shares in the company, valued at approximately $4,892,420.93. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Wintrust Financial news, insider Richard B. Murphy sold 4,099 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total value of $473,967.37. Following the sale, the insider now directly owns 42,311 shares in the company, valued at $4,892,420.93. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 sale, the chief operating officer now owns 197,591 shares in the company, valued at $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 worth $2,445,314. 1.47% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on WTFC shares. Truist Financial increased their target price on shares of Wintrust Financial from $123.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Citigroup raised their price objective on shares of Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. DA Davidson lifted their target price on shares of Wintrust Financial from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Piper Sandler lifted their target price on shares of Wintrust Financial from $131.00 to $136.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Stephens reiterated an “overweight” rating and issued a $115.00 price target on shares of Wintrust Financial in a report on Thursday, July 18th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.00.

Wintrust Financial Stock Up 0.5 %

Shares of NASDAQ:WTFC opened at $133.66 on Wednesday. Wintrust Financial Co. has a 52 week low of $77.16 and a 52 week high of $134.82. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.01 and a current ratio of 1.02. The company has a market cap of $8.89 billion, a PE ratio of 14.00 and a beta of 1.15. The firm has a 50 day simple moving average of $111.58 and a 200 day simple moving average of $104.41.

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 analysts’ consensus estimates of $2.50 by ($0.03). The company had revenue of $615.73 million during the quarter, compared to analysts’ expectations of $623.45 million. Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.53 EPS. As a group, research analysts expect 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 issued a dividend of $0.45 per share. The ex-dividend date is Thursday, November 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.35%. Wintrust Financial’s dividend payout ratio is currently 18.85%.

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.