Fuller & Thaler Asset Management Inc. lowered its position in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,133,364 shares of the bank's stock after selling 8,029 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 1.70% of Wintrust Financial worth $141,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in WTFC. Vanguard Group Inc. increased its position in Wintrust Financial by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 6,911,488 shares of the bank's stock valued at $861,932,000 after acquiring an additional 58,162 shares during the period. Principal Financial Group Inc. grew its stake in shares of Wintrust Financial by 11.3% in the third 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 during the last quarter. First Trust Advisors LP increased its holdings in Wintrust Financial by 36.5% in the fourth quarter. First Trust Advisors LP now owns 1,263,837 shares of the bank's stock valued at $157,613,000 after purchasing an additional 337,763 shares during the period. Geode Capital Management LLC raised its position in Wintrust Financial by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 1,165,898 shares of the bank's stock worth $145,443,000 after purchasing an additional 10,172 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Wintrust Financial by 2.8% during the 4th quarter. Invesco Ltd. now owns 1,098,706 shares of the bank's stock worth $137,020,000 after buying an additional 29,967 shares during the period. Institutional investors own 93.48% of the company's stock.
Insider Transactions at Wintrust Financial
In related news, EVP Jeffrey D. Hahnfeld sold 416 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $130.95, for a total transaction of $54,475.20. Following the transaction, the executive vice president now owns 2,276 shares of the company's stock, valued at $298,042.20. The trade was a 15.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO David A. Dykstra sold 4,213 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $131.31, for a total value of $553,209.03. Following the completion of the sale, the chief operating officer now directly owns 206,294 shares of the company's stock, valued at $27,088,465.14. The trade was a 2.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,178 shares of company stock valued at $1,336,315 over the last three months. Corporate insiders own 1.01% of the company's stock.
Wintrust Financial Stock Up 5.2 %
WTFC stock opened at $106.66 on Wednesday. The stock's 50 day simple moving average is $111.98 and its 200 day simple moving average is $121.63. The company has a market cap of $7.14 billion, a P/E ratio of 10.35 and a beta of 0.94. 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 fifty-two week low of $89.10 and a fifty-two week high of $142.04.
Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its earnings results on Monday, April 21st. The bank reported $2.69 earnings per share for the quarter, topping analysts' consensus estimates of $2.52 by $0.17. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. The company had revenue of $643.11 million for the quarter, compared to analyst estimates of $643.11 million. During the same period in the prior year, the firm earned $2.89 earnings per share. On average, research analysts expect that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.
Wintrust Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Thursday, May 8th. Wintrust Financial's dividend payout ratio is currently 19.40%.
Analyst Ratings Changes
A number of brokerages have recently issued reports on WTFC. Truist Financial upgraded Wintrust Financial to a "strong-buy" rating in a research report on Monday, January 6th. Barclays lowered their price target on shares of Wintrust Financial from $155.00 to $138.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Raymond James reaffirmed a "strong-buy" rating and issued a $150.00 price objective (up from $135.00) on shares of Wintrust Financial in a research note on Thursday, January 23rd. StockNews.com downgraded shares of Wintrust Financial from a "hold" rating to a "sell" rating in a research note on Saturday, February 15th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $152.00 price target on shares of Wintrust Financial in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $132.38.
Get Our Latest Stock Report on Wintrust Financial
About Wintrust Financial
(
Free Report)
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.
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