Wintrust Financial Co. (NASDAQ:WTFC) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P decreased its holdings in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 5.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 191,962 shares of the bank's stock after selling 10,536 shares during the quarter. Loomis Sayles & Co. L P owned about 0.29% of Wintrust Financial worth $20,834,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Versant Capital Management Inc boosted its stake in shares of Wintrust Financial by 825.0% during the 2nd quarter. Versant Capital Management Inc now owns 296 shares of the bank's stock worth $29,000 after acquiring an additional 264 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Wintrust Financial during the third quarter worth $35,000. UMB Bank n.a. boosted its position in Wintrust Financial by 62.0% during the third quarter. UMB Bank n.a. now owns 512 shares of the bank's stock worth $56,000 after purchasing an additional 196 shares in the last quarter. Covestor Ltd grew its holdings in Wintrust Financial by 77.9% in the third quarter. Covestor Ltd now owns 653 shares of the bank's stock valued at $71,000 after purchasing an additional 286 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of 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. Institutional investors and hedge funds own 93.48% of the company's stock.

Wintrust Financial Trading Up 0.4 %

NASDAQ:WTFC traded up $0.61 on Wednesday, hitting $138.50. 336,659 shares of the stock were exchanged, compared to its average volume of 387,589. The stock has a fifty day moving average of $117.33 and a 200-day moving average of $106.79. The stock has a market cap of $9.21 billion, a PE ratio of 14.59 and a beta of 1.15. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73. Wintrust Financial Co. has a fifty-two week low of $82.90 and a fifty-two week high of $142.04.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing the consensus estimate 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 previous year, the business posted $2.53 EPS. The company's quarterly revenue was up 7.1% on a year-over-year basis. As a group, equities analysts expect that Wintrust Financial Co. will post 10.12 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 7th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, November 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.30%. Wintrust Financial's payout ratio is 18.85%.

Wall Street Analyst Weigh In

WTFC has been the topic of several recent research reports. Raymond James boosted their price objective on shares of Wintrust Financial from $125.00 to $135.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, October 23rd. Citigroup upped their price target on shares of Wintrust Financial from $126.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Truist Financial raised their price objective on shares of Wintrust Financial from $123.00 to $127.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Wedbush reaffirmed an "outperform" rating and issued a $130.00 target price on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Finally, DA Davidson boosted their price target on Wintrust Financial from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Wintrust Financial currently has a consensus rating of "Moderate Buy" and an average target price of $123.00.

Insider Buying and Selling

In related news, COO David A. Dykstra sold 15,492 shares of the business's stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Richard B. Murphy sold 4,099 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total transaction of $473,967.37. Following the completion of the sale, the insider now directly owns 42,311 shares of the company's stock, valued at $4,892,420.93. This trade represents a 8.83 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 21,198 shares of company stock valued at $2,445,314. Company 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.