Wintrust Financial Co. (NASDAQ:WTFC) Shares Sold by Fmr LLC

FMR LLC reduced its holdings in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 3.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,001,189 shares of the bank's stock after selling 152,810 shares during the period. FMR LLC owned approximately 7.52% of Wintrust Financial worth $623,698,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of WTFC. Millstone Evans Group LLC purchased a new stake in shares of Wintrust Financial during the fourth quarter worth approximately $43,000. Global Retirement Partners LLC raised its position in Wintrust Financial by 63.5% during the 4th quarter. Global Retirement Partners LLC now owns 376 shares of the bank's stock worth $47,000 after buying an additional 146 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Wintrust Financial by 32.1% in the 4th quarter. Versant Capital Management Inc now owns 539 shares of the bank's stock worth $67,000 after acquiring an additional 131 shares during the period. UMB Bank n.a. boosted its holdings in shares of Wintrust Financial by 32.2% in the fourth quarter. UMB Bank n.a. now owns 677 shares of the bank's stock valued at $84,000 after acquiring an additional 165 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of Wintrust Financial by 920.9% during the fourth quarter. Jones Financial Companies Lllp now owns 684 shares of the bank's stock worth $85,000 after acquiring an additional 617 shares during the period. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Stock Up 0.6 %

Shares of NASDAQ WTFC traded up $0.61 on Monday, hitting $99.22. The company had a trading volume of 113,623 shares, compared to its average volume of 413,471. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. Wintrust Financial Co. has a 12-month low of $89.10 and a 12-month high of $142.04. The firm has a market capitalization of $6.64 billion, a P/E ratio of 9.62 and a beta of 0.94. The business has a 50 day moving average of $115.85 and a two-hundred day moving average of $121.90.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share for the quarter, topping analysts' consensus estimates of $2.52 by $0.11. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same period in the previous year, the firm posted $1.87 earnings per share. As a group, equities research analysts forecast that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $2.00 dividend on an annualized basis and a yield of 2.02%. Wintrust Financial's payout ratio is currently 19.40%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Royal Bank of Canada reissued an "outperform" rating and issued a $152.00 price target on shares of Wintrust Financial 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. UBS Group initiated coverage on shares of Wintrust Financial in a research note on Tuesday, December 17th. They issued a "buy" rating and a $157.00 target price for the company. Truist Financial raised shares of Wintrust Financial to a "strong-buy" rating in a research note on Monday, January 6th. Finally, Raymond James reissued a "strong-buy" rating and issued a $150.00 price objective (up previously from $135.00) on shares of Wintrust Financial in a research report on Thursday, January 23rd. One research 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 company. According to MarketBeat, Wintrust Financial has an average rating of "Moderate Buy" and a consensus target price of $132.38.

Insider Activity

In other Wintrust Financial news, CFO David L. Stoehr sold 2,363 shares of the firm's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $131.32, for a total transaction of $310,309.16. Following the completion of the transaction, the chief financial officer now directly owns 19,858 shares of the company's stock, valued at $2,607,752.56. This trade represents a 10.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeffrey D. Hahnfeld sold 416 shares of the company's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $130.95, for a total transaction of $54,475.20. Following the completion of the sale, the executive vice president now owns 2,276 shares in the company, valued at approximately $298,042.20. This trade represents a 15.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,178 shares of company stock worth $1,336,315 over the last ninety days. Corporate insiders own 1.47% of the company's stock.

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.