one8zero8 LLC Buys Shares of 16,375 Wintrust Financial Co. (NASDAQ:WTFC)

one8zero8 LLC bought a new stake in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 16,375 shares of the bank's stock, valued at approximately $2,042,000.

Several other institutional investors have also modified their holdings of the stock. Natixis Advisors LLC lifted its stake in shares of Wintrust Financial by 3.9% in the fourth quarter. Natixis Advisors LLC now owns 49,636 shares of the bank's stock worth $6,190,000 after buying an additional 1,848 shares in the last quarter. Swiss National Bank lifted its stake in shares of Wintrust Financial by 0.7% in the fourth quarter. Swiss National Bank now owns 130,767 shares of the bank's stock worth $16,308,000 after buying an additional 900 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of Wintrust Financial by 3.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 3,983 shares of the bank's stock worth $497,000 after buying an additional 146 shares in the last quarter. PFG Advisors purchased a new position in Wintrust Financial during the fourth quarter worth about $211,000. Finally, HighTower Advisors LLC raised its stake in Wintrust Financial by 35.1% during the fourth quarter. HighTower Advisors LLC now owns 15,241 shares of the bank's stock worth $1,901,000 after purchasing an additional 3,961 shares during the period. Institutional investors and hedge funds own 93.48% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Truist Financial raised shares of Wintrust Financial to a "strong-buy" rating in a research note on Monday, January 6th. StockNews.com downgraded shares of Wintrust Financial from a "hold" rating to a "sell" rating in a research note on Saturday, February 15th. Raymond James reaffirmed a "strong-buy" rating and set a $150.00 target price (up from $135.00) on shares of Wintrust Financial in a research note on Thursday, January 23rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $152.00 target price on shares of Wintrust Financial in a research note on Thursday, January 23rd. Finally, Piper Sandler lifted their target price on shares of Wintrust Financial from $151.00 to $156.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. One equities 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 issued a strong buy rating to the company. According to data from MarketBeat, Wintrust Financial has a consensus rating of "Moderate Buy" and a consensus price target of $133.69.

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Insider Transactions at Wintrust Financial

In related news, CFO David L. Stoehr sold 2,363 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $131.32, for a total value of $310,309.16. Following the sale, the chief financial officer now directly owns 19,858 shares of the company's stock, valued at approximately $2,607,752.56. This 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 this hyperlink. Also, COO David A. Dykstra sold 4,213 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $131.31, for a total transaction of $553,209.03. Following the completion of the sale, the chief operating officer now directly owns 206,294 shares in the company, valued at approximately $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 have sold a total of 10,178 shares of company stock valued at $1,336,315 in the last ninety days. 1.47% of the stock is currently owned by company insiders.

Wintrust Financial Price Performance

Shares of NASDAQ:WTFC traded up $0.14 on Thursday, reaching $114.04. 601,864 shares of the company were exchanged, compared to its average volume of 385,297. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. Wintrust Financial Co. has a 1-year low of $91.38 and a 1-year high of $142.04. The firm has a market cap of $7.61 billion, a price-to-earnings ratio of 11.06 and a beta of 1.16. The company has a 50-day moving average of $125.23 and a 200-day moving average of $121.86.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted 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 net margin of 17.52% and a return on equity of 12.60%. During the same quarter in the previous year, the firm posted $1.87 EPS. Equities analysts forecast that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, February 6th. This is a boost from Wintrust Financial's previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.75%. Wintrust Financial's dividend payout ratio is 19.40%.

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.