BNP Paribas Financial Markets Increases Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

BNP Paribas Financial Markets increased its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 708.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,327 shares of the bank's stock after buying an additional 15,185 shares during the quarter. BNP Paribas Financial Markets' holdings in Wintrust Financial were worth $1,880,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in WTFC. FMR LLC raised its position in shares of Wintrust Financial by 14.1% in the 3rd quarter. FMR LLC now owns 5,153,999 shares of the bank's stock valued at $559,364,000 after buying an additional 637,072 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Wintrust Financial by 5.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,017,295 shares of the bank's stock valued at $297,376,000 after acquiring an additional 146,090 shares during 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 purchasing an additional 133,311 shares in the last quarter. Federated Hermes Inc. lifted its stake in Wintrust Financial by 1.8% during the second quarter. Federated Hermes Inc. now owns 815,466 shares of the bank's stock worth $80,372,000 after purchasing an additional 14,087 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Wintrust Financial by 36.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 802,841 shares of the bank's stock valued at $87,132,000 after purchasing an additional 213,559 shares in the last quarter. Institutional investors own 93.48% of the company's stock.

Wintrust Financial Trading Up 0.2 %

Shares of WTFC stock traded up $0.29 on Friday, hitting $136.75. The company had a trading volume of 237,128 shares, compared to its average volume of 388,596. Wintrust Financial Co. has a twelve month low of $89.29 and a twelve month high of $142.04. 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 firm has a market cap of $9.09 billion, a P/E ratio of 14.32 and a beta of 1.18. The stock's 50-day moving average is $122.08 and its two-hundred day moving average is $108.74.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released 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 firm had revenue of $615.73 million for 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 business's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.53 EPS. On average, equities research analysts anticipate that Wintrust Financial Co. will post 10.12 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 7th were issued a $0.45 dividend. The ex-dividend date was Thursday, November 7th. This represents a $1.80 annualized dividend and a yield of 1.32%. Wintrust Financial's payout ratio is 18.85%.

Insider Buying and Selling at Wintrust Financial

In related news, insider Richard B. Murphy sold 4,099 shares of the business's stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total transaction of $473,967.37. Following the transaction, the insider now owns 42,311 shares in the company, valued at $4,892,420.93. The trade was a 8.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO David A. Dykstra sold 15,492 shares of the 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 in the company, valued at approximately $22,817,808.68. This represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,198 shares of company stock valued at $2,445,314. 1.47% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Truist Financial boosted their price target on Wintrust Financial from $123.00 to $127.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Raymond James boosted 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. DA Davidson lifted their price target on shares of Wintrust Financial from $125.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Barclays upped their price objective on shares of Wintrust Financial from $130.00 to $151.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Citigroup raised their target price on shares of Wintrust Financial from $126.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Three equities 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 company's stock. According to data from MarketBeat, Wintrust Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $124.62.

Wintrust Financial Company 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.