Proficio Capital Partners LLC Invests $10.11 Million in Wintrust Financial Co. (NASDAQ:WTFC)

Proficio Capital Partners LLC bought a new position in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 81,104 shares of the bank's stock, valued at approximately $10,114,000. Proficio Capital Partners LLC owned 0.12% of Wintrust Financial at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. FMR LLC boosted its stake in Wintrust Financial by 14.1% in the 3rd quarter. FMR LLC now owns 5,153,999 shares of the bank's stock worth $559,364,000 after purchasing an additional 637,072 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Wintrust Financial by 36.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 802,841 shares of the bank's stock valued at $87,132,000 after buying an additional 213,559 shares in the last quarter. Principal Financial Group Inc. raised its position in Wintrust Financial by 11.3% during the third quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank's stock valued at $141,981,000 after buying an additional 133,311 shares during the period. State Street Corp lifted its stake in Wintrust Financial by 5.1% in the 3rd quarter. State Street Corp now owns 2,627,561 shares of the bank's stock worth $285,169,000 after acquiring an additional 126,724 shares in the last quarter. Finally, Lightrock Netherlands B.V. acquired a new stake in Wintrust Financial during the 4th quarter worth about $14,970,000. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WTFC has been the topic of a number of research reports. Raymond James reissued a "strong-buy" rating and issued a $150.00 price target (up from $135.00) on shares of Wintrust Financial in a research report on Thursday, January 23rd. Barclays increased their target price on shares of Wintrust Financial from $151.00 to $155.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. UBS Group began coverage on shares of Wintrust Financial in a report on Tuesday, December 17th. They set a "buy" rating and a $157.00 price target on the stock. Truist Financial raised shares of Wintrust Financial to a "strong-buy" rating in a research note on Monday, January 6th. Finally, StockNews.com cut Wintrust Financial from a "hold" rating to a "sell" rating in a research report on Saturday, February 15th. One equities research 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.com, the company has an average rating of "Moderate Buy" and a consensus target price of $133.69.

Wintrust Financial Stock Performance

WTFC traded down $3.26 on Thursday, hitting $112.58. The company had a trading volume of 163,611 shares, compared to its average volume of 434,119. Wintrust Financial Co. has a 1-year low of $91.38 and a 1-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 company's fifty day moving average price is $128.23 and its 200 day moving average price is $121.45. The stock has a market cap of $7.51 billion, a price-to-earnings ratio of 10.92 and a beta of 1.16.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The bank reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate 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 prior year, the company posted $1.87 earnings per share. Equities analysts predict that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were given a $0.50 dividend. This is an increase from Wintrust Financial's previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend was Thursday, February 6th. Wintrust Financial's dividend payout ratio (DPR) is currently 19.40%.

Insider Buying and Selling

In related news, EVP Jeffrey D. Hahnfeld sold 416 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $130.95, for a total value of $54,475.20. Following the completion of the sale, the executive vice president now owns 2,276 shares in the company, valued at approximately $298,042.20. This trade represents a 15.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard B. Murphy sold 3,186 shares of the business's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $131.30, for a total value of $418,321.80. Following the transaction, the insider now owns 48,814 shares in the company, valued at $6,409,278.20. This represents a 6.13 % 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 valued at $1,336,315. Insiders own 1.47% of the company's stock.

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.