Wintrust Financial Co. (NASDAQ:WTFC) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can raised its position in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 183.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 47,917 shares of the bank's stock after buying an additional 31,008 shares during the quarter. Bank of Montreal Can owned about 0.07% of Wintrust Financial worth $5,106,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in Wintrust Financial by 7.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,385 shares of the bank's stock worth $2,964,000 after purchasing an additional 1,919 shares during the last quarter. GAMMA Investing LLC raised its stake in Wintrust Financial by 62.6% in the second quarter. GAMMA Investing LLC now owns 818 shares of the bank's stock valued at $81,000 after buying an additional 315 shares in the last quarter. Park Avenue Securities LLC boosted its stake in Wintrust Financial by 5.6% in the second quarter. Park Avenue Securities LLC now owns 6,994 shares of the bank's stock valued at $689,000 after acquiring an additional 374 shares in the last quarter. Simplicity Wealth LLC purchased a new stake in shares of Wintrust Financial in the second quarter valued at about $493,000. Finally, OLD National Bancorp IN raised its holdings in Wintrust Financial by 8.9% during the second quarter. OLD National Bancorp IN now owns 2,619 shares of the bank's stock worth $258,000 after purchasing an additional 215 shares in the last quarter. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wintrust Financial Stock Up 0.9 %

Shares of Wintrust Financial stock traded up $1.21 on Wednesday, hitting $137.48. The company had a trading volume of 342,458 shares, compared to its average volume of 388,878. The stock has a market capitalization of $9.14 billion, a price-to-earnings ratio of 14.27 and a beta of 1.18. The stock has a 50 day moving average of $120.26 and a 200-day moving average of $108.03. Wintrust Financial Co. has a 1 year low of $89.18 and a 1 year high of $142.04. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.01 and a current ratio of 1.02.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its quarterly earnings data on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing analysts' consensus estimates of $2.50 by ($0.03). Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The business had revenue of $615.73 million during the quarter, compared to analysts' expectations of $623.45 million. During the same quarter in the prior year, the firm posted $2.53 earnings per share. The firm's quarterly revenue was up 7.1% on a year-over-year basis. As a group, sell-side analysts forecast that Wintrust Financial Co. will post 10.12 earnings per share for the current year.

Wintrust Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.31%. The ex-dividend date was Thursday, November 7th. Wintrust Financial's dividend payout ratio (DPR) is 18.85%.

Insider Activity at Wintrust Financial

In related news, COO David A. Dykstra sold 15,492 shares of Wintrust Financial stock in a transaction dated 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 completion of the transaction, the chief operating officer now owns 197,591 shares in the company, valued at approximately $22,817,808.68. This trade represents a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO David L. Stoehr sold 1,607 shares of the business's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total value of $182,330.22. Following the completion of the sale, the chief financial officer now owns 14,874 shares of the company's stock, valued at $1,687,604.04. The trade was a 9.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 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.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on WTFC shares. Truist Financial raised their price objective on Wintrust Financial from $123.00 to $127.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Raymond James increased their target price on Wintrust Financial from $125.00 to $135.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, October 23rd. Piper Sandler upped their price target on Wintrust Financial from $131.00 to $136.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Citigroup upped their price objective on shares of Wintrust Financial from $126.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Finally, DA Davidson raised their price target on shares of Wintrust Financial from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $123.00.

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.