Norris Perne & French LLP MI Buys Shares of 12,462 Wintrust Financial Co. (NASDAQ:WTFC)

Norris Perne & French LLP MI bought a new stake in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 12,462 shares of the bank's stock, valued at approximately $1,353,000.

Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc increased its holdings in shares of Wintrust Financial by 825.0% during the second quarter. Versant Capital Management Inc now owns 296 shares of the bank's stock valued at $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 3rd quarter valued at approximately $35,000. UMB Bank n.a. increased its stake in Wintrust Financial by 62.0% during the 3rd quarter. UMB Bank n.a. now owns 512 shares of the bank's stock valued at $56,000 after purchasing an additional 196 shares in the last quarter. Whittier Trust Co. raised its holdings in shares of Wintrust Financial by 138.8% in the first quarter. Whittier Trust Co. now owns 578 shares of the bank's stock worth $60,000 after buying an additional 336 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Wintrust Financial by 62.6% during the second quarter. GAMMA Investing LLC now owns 818 shares of the bank's stock worth $81,000 after buying an additional 315 shares during the period. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WTFC has been the subject of a number of research analyst reports. Raymond James raised their target price on Wintrust Financial from $125.00 to $135.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, October 23rd. Wedbush restated an "outperform" rating and issued a $130.00 price objective on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Citigroup upped their target price on Wintrust Financial from $126.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods lowered shares of Wintrust Financial from an "outperform" rating to a "market perform" rating and raised their price target for the stock from $110.00 to $115.00 in a research report on Friday, July 19th. Finally, Truist Financial upped their price objective on shares of Wintrust Financial from $123.00 to $127.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.00.

Insider Buying and Selling at Wintrust Financial

In other news, insider Richard B. Murphy sold 4,099 shares of the business's stock in a transaction dated 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 owns 42,311 shares of the company's stock, valued at $4,892,420.93. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Richard B. Murphy sold 4,099 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, October 29th. The stock was 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 of the company's stock, valued at $4,892,420.93. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO David L. Stoehr sold 1,607 shares of the stock in a transaction 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 transaction, the chief financial officer now directly owns 14,874 shares of the company's stock, valued at approximately $1,687,604.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,198 shares of company stock valued at $2,445,314 over the last ninety days. Corporate insiders own 1.47% of the company's stock.

Wintrust Financial Price Performance

Shares of WTFC stock traded down $1.50 during mid-day trading on Friday, hitting $114.39. 383,459 shares of the stock were exchanged, compared to its average volume of 383,508. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. Wintrust Financial Co. has a 52-week low of $75.75 and a 52-week high of $118.69. The firm has a fifty day moving average of $108.96 and a 200 day moving average of $102.94. The company has a market cap of $7.61 billion, a PE ratio of 11.98 and a beta of 1.16.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its quarterly earnings data on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing the consensus estimate of $2.50 by ($0.03). The business had revenue of $615.73 million during the quarter, compared to analyst estimates of $623.45 million. Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The firm's revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.53 earnings per share. Research analysts anticipate that Wintrust Financial Co. will post 10.13 earnings per share for the current year.

Wintrust Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Thursday, November 7th. Wintrust Financial's dividend payout ratio is presently 18.85%.

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.