BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases 8,287 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 6.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 139,402 shares of the bank's stock after purchasing an additional 8,287 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.21% of Wintrust Financial worth $15,129,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its holdings in shares of Wintrust Financial by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 3,017,295 shares of the bank's stock valued at $297,376,000 after acquiring an additional 146,090 shares during the period. Principal Financial Group Inc. boosted its stake 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 valued at $141,981,000 after buying an additional 133,311 shares during the period. Federated Hermes Inc. boosted its position in Wintrust Financial by 1.8% during the second quarter. Federated Hermes Inc. now owns 815,466 shares of the bank's stock valued at $80,372,000 after purchasing an additional 14,087 shares during the last quarter. Reinhart Partners LLC. grew its stake in Wintrust Financial by 6.4% in the third quarter. Reinhart Partners LLC. now owns 781,393 shares of the bank's stock valued at $84,805,000 after purchasing an additional 47,242 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. increased its position in Wintrust Financial by 15.5% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 630,824 shares of the bank's stock worth $62,174,000 after purchasing an additional 84,687 shares during the last quarter. Institutional investors and hedge funds own 93.48% of the company's stock.

Analyst Upgrades and Downgrades

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

Wintrust Financial Trading Up 2.6 %

Shares of NASDAQ WTFC traded up $3.45 during midday trading on Friday, hitting $137.08. The stock had a trading volume of 365,886 shares, compared to its average volume of 406,911. The company's 50-day simple moving average is $116.10 and its 200 day simple moving average is $106.23. Wintrust Financial Co. has a fifty-two week low of $82.90 and a fifty-two week high of $137.32. The firm has a market cap of $9.11 billion, a P/E ratio of 14.35 and a beta of 1.15. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 1.01.

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

Wintrust Financial Announces Dividend

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

Insider Buying and Selling at Wintrust Financial

In other news, insider Richard B. Murphy sold 4,099 shares of the firm's stock in a transaction that occurred 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 approximately $4,892,420.93. This trade represents a 8.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO David A. Dykstra sold 15,492 shares of the company's 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 directly owns 197,591 shares of the company's stock, valued at approximately $22,817,808.68. The trade was a 7.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,198 shares of company stock worth $2,445,314 over the last quarter. 1.47% of the stock is currently owned by 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.