Swiss National Bank Grows Stake in Wintrust Financial Co. (NASDAQ:WTFC)

Swiss National Bank lifted its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 6.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 129,867 shares of the bank's stock after purchasing an additional 8,400 shares during the quarter. Swiss National Bank owned 0.20% of Wintrust Financial worth $14,094,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Wintrust Financial by 3.9% during the first quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank's stock worth $673,603,000 after buying an additional 244,168 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Wintrust Financial by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,017,295 shares of the bank's stock worth $297,376,000 after purchasing an additional 146,090 shares in the last quarter. Principal Financial Group Inc. raised its position in Wintrust Financial by 11.3% in the third quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank's stock valued at $141,981,000 after purchasing an additional 133,311 shares during the last quarter. Federated Hermes Inc. boosted its stake in shares of Wintrust Financial by 1.8% during the second quarter. Federated Hermes Inc. now owns 815,466 shares of the bank's stock valued at $80,372,000 after purchasing an additional 14,087 shares in the last quarter. Finally, Reinhart Partners LLC. grew its holdings in shares of Wintrust Financial by 6.4% during the third quarter. Reinhart Partners LLC. now owns 781,393 shares of the bank's stock worth $84,805,000 after purchasing an additional 47,242 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Wintrust Financial

In other Wintrust Financial news, insider Richard B. Murphy sold 4,099 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total transaction of $473,967.37. Following the sale, the insider now directly owns 42,311 shares in the company, valued at approximately $4,892,420.93. This trade represents a 8.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO David A. Dykstra sold 15,492 shares of the business's stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total value of $1,789,016.16. Following the completion of the transaction, the chief operating officer now owns 197,591 shares of the company's stock, valued at $22,817,808.68. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,198 shares of company stock valued at $2,445,314 in the last 90 days. Corporate insiders own 1.47% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on WTFC shares. Truist Financial lifted their target price on shares of Wintrust Financial from $123.00 to $127.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Citigroup lifted their price target on shares of Wintrust Financial from $126.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Piper Sandler increased their price objective on Wintrust Financial from $131.00 to $136.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Wedbush reaffirmed an "outperform" rating and set a $130.00 target price on shares of Wintrust Financial in a research report on Tuesday, October 22nd. Finally, Raymond James upped their price target on Wintrust Financial from $125.00 to $135.00 and gave the company a "strong-buy" rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $123.00.

Wintrust Financial Trading Up 2.6 %

WTFC stock traded up $3.45 on Friday, reaching $137.08. The company's stock had a trading volume of 365,886 shares, compared to its average volume of 406,911. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.01 and a current ratio of 1.02. The business has a fifty day simple moving average of $116.10 and a two-hundred day simple moving average of $106.19. The firm has a market cap of $9.11 billion, a PE ratio of 14.35 and a beta of 1.15. Wintrust Financial Co. has a 12-month low of $82.90 and a 12-month high of $137.32.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its earnings results on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing analysts' consensus estimates of $2.50 by ($0.03). The company had revenue of $615.73 million for the quarter, compared to the consensus estimate of $623.45 million. Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The company's revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.53 EPS. As a group, research analysts forecast that Wintrust Financial Co. will post 10.12 EPS for the current year.

Wintrust Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 7th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.31%. Wintrust Financial's payout ratio is currently 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.