Premier Fund Managers Ltd Buys 4,653 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Premier Fund Managers Ltd grew its holdings in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 1.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 404,829 shares of the bank's stock after buying an additional 4,653 shares during the period. Wintrust Financial accounts for approximately 1.8% of Premier Fund Managers Ltd's portfolio, making the stock its 26th largest position. Premier Fund Managers Ltd owned about 0.61% of Wintrust Financial worth $50,397,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Journey Strategic Wealth LLC increased its position in Wintrust Financial by 3.6% during the 4th quarter. Journey Strategic Wealth LLC now owns 2,569 shares of the bank's stock worth $320,000 after purchasing an additional 89 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Wintrust Financial by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the bank's stock worth $2,307,000 after purchasing an additional 100 shares during the last quarter. Captrust Financial Advisors grew its holdings in Wintrust Financial by 2.8% during the 3rd quarter. Captrust Financial Advisors now owns 3,859 shares of the bank's stock valued at $419,000 after buying an additional 104 shares during the last quarter. MML Investors Services LLC raised its stake in Wintrust Financial by 1.7% in the 3rd quarter. MML Investors Services LLC now owns 6,201 shares of the bank's stock valued at $673,000 after purchasing an additional 106 shares during the last quarter. Finally, Gitterman Wealth Management LLC lifted its stake in shares of Wintrust Financial by 5.0% during the fourth quarter. Gitterman Wealth Management LLC now owns 2,373 shares of the bank's stock valued at $296,000 after buying an additional 113 shares during the period. Institutional investors and hedge funds own 93.48% of the company's stock.

Remove Ads

Insider Buying and Selling at Wintrust Financial

In related news, CFO David L. Stoehr sold 2,363 shares of the company's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $131.32, for a total value 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 approximately $2,607,752.56. This represents a 10.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO David A. Dykstra sold 4,213 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $131.31, for a total value of $553,209.03. Following the transaction, the chief operating officer now owns 206,294 shares of the company's stock, 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. In the last 90 days, insiders sold 10,178 shares of company stock worth $1,336,315. 1.47% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

WTFC has been the topic of several recent research reports. StockNews.com lowered shares of Wintrust Financial from a "hold" rating to a "sell" rating in a report on Saturday, February 15th. UBS Group started coverage on Wintrust Financial in a research note on Tuesday, December 17th. They issued a "buy" rating and a $157.00 target price for the company. Royal Bank of Canada restated an "outperform" rating and issued a $152.00 price target on shares of Wintrust Financial in a report on Thursday, January 23rd. Barclays increased their price target on Wintrust Financial from $151.00 to $155.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Finally, Truist Financial raised Wintrust Financial to a "strong-buy" rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $133.69.

Wintrust Financial Stock Performance

Shares of NASDAQ WTFC traded up $0.31 during trading hours on Tuesday, hitting $112.77. 93,507 shares of the stock were exchanged, compared to its average volume of 398,003. The company's 50 day moving average is $122.56 and its 200 day moving average is $122.48. Wintrust Financial Co. has a one year low of $91.38 and a one year high of $142.04. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.00. The firm has a market capitalization of $7.52 billion, a P/E ratio of 10.93 and a beta of 1.16.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The bank reported $2.63 EPS for the quarter, beating the consensus estimate 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 business posted $1.87 earnings per share. On average, research analysts expect that Wintrust Financial Co. will post 10.36 EPS for the current year.

Wintrust Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were given a dividend of $0.50 per share. This is an increase from Wintrust Financial's previous quarterly dividend of $0.45. The ex-dividend date was Thursday, February 6th. This represents a $2.00 annualized dividend and a yield of 1.77%. 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.