Proficio Capital Partners LLC Takes Position in Wintrust Financial Co. (NASDAQ:WTFC)

Proficio Capital Partners LLC bought a new stake in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 81,104 shares of the bank's stock, valued at approximately $10,114,000. Proficio Capital Partners LLC owned approximately 0.12% of Wintrust Financial at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. FMR LLC boosted its stake in shares of Wintrust Financial by 14.1% during the third quarter. FMR LLC now owns 5,153,999 shares of the bank's stock worth $559,364,000 after buying an additional 637,072 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Wintrust Financial by 36.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 802,841 shares of the bank's stock valued at $87,132,000 after buying an additional 213,559 shares during the period. Principal Financial Group Inc. boosted its position in shares of Wintrust Financial by 11.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank's stock worth $141,981,000 after purchasing an additional 133,311 shares in the last quarter. State Street Corp increased its holdings in shares of Wintrust Financial by 5.1% in the 3rd quarter. State Street Corp now owns 2,627,561 shares of the bank's stock valued at $285,169,000 after purchasing an additional 126,724 shares in the last quarter. Finally, Lightrock Netherlands B.V. acquired a new stake in shares of Wintrust Financial during the 4th quarter valued at approximately $14,970,000. 93.48% of the stock is owned by hedge funds and other institutional investors.

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Wintrust Financial Trading Up 1.6 %

Wintrust Financial stock traded up $1.83 during midday trading on Wednesday, reaching $113.83. The stock had a trading volume of 233,555 shares, compared to its average volume of 437,285. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01. Wintrust Financial Co. has a twelve month low of $91.38 and a twelve month high of $142.04. The stock has a market capitalization of $7.59 billion, a PE ratio of 11.04 and a beta of 1.16. The stock's 50-day simple moving average is $125.52 and its 200 day simple moving average is $121.91.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The bank reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period last year, the company earned $1.87 earnings per share. Analysts expect that Wintrust Financial Co. will post 10.36 EPS for the current year.

Wintrust Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, February 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.76%. This is a positive change from Wintrust Financial's previous quarterly dividend of $0.45. Wintrust Financial's dividend payout ratio (DPR) is currently 19.40%.

Insider Transactions at Wintrust Financial

In other news, CFO David L. Stoehr sold 2,363 shares of the business's stock in a transaction dated 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 owns 19,858 shares of the company's stock, valued at approximately $2,607,752.56. The trade was a 10.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO David A. Dykstra sold 4,213 shares of Wintrust Financial stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $131.31, for a total value of $553,209.03. Following the completion of the transaction, the chief operating officer now owns 206,294 shares of the company's stock, valued at $27,088,465.14. This trade represents a 2.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,178 shares of company stock valued at $1,336,315. Corporate insiders own 1.47% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Piper Sandler raised their price target on Wintrust Financial from $151.00 to $156.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Royal Bank of Canada restated an "outperform" rating and set a $152.00 target price on shares of Wintrust Financial in a report on Thursday, January 23rd. Barclays upped their price target on shares of Wintrust Financial from $151.00 to $155.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. StockNews.com cut shares of Wintrust Financial from a "hold" rating to a "sell" rating in a research note on Saturday, February 15th. Finally, Raymond James reaffirmed a "strong-buy" rating and issued a $150.00 target price (up previously from $135.00) 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 issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $133.69.

Wintrust Financial Company 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.