Fifth Third Bancorp Increases Stake in Wintrust Financial Co. (NASDAQ:WTFC)

Wintrust Financial logo with Finance background

Fifth Third Bancorp raised its holdings in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 4,145.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,330 shares of the bank's stock after purchasing an additional 13,016 shares during the period. Fifth Third Bancorp's holdings in Wintrust Financial were worth $1,662,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. FMR LLC increased its position in shares of Wintrust Financial by 14.1% during the third quarter. FMR LLC now owns 5,153,999 shares of the bank's stock valued at $559,364,000 after acquiring an additional 637,072 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Wintrust Financial by 36.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 802,841 shares of the bank's stock worth $87,132,000 after purchasing an additional 213,559 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Wintrust Financial by 11.3% in the third quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank's stock worth $141,981,000 after purchasing an additional 133,311 shares during the last quarter. State Street Corp lifted its holdings in shares of Wintrust Financial by 5.1% during the third quarter. State Street Corp now owns 2,627,561 shares of the bank's stock valued at $285,169,000 after purchasing an additional 126,724 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Wintrust Financial by 8.8% during the third quarter. Geode Capital Management LLC now owns 1,155,726 shares of the bank's stock valued at $125,464,000 after buying an additional 92,995 shares during the last quarter. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Wintrust Financial Price Performance

NASDAQ:WTFC traded down $1.08 during trading hours on Friday, hitting $130.81. 321,005 shares of the stock traded hands, compared to its average volume of 463,057. The company has a market cap of $8.70 billion, a price-to-earnings ratio of 12.69 and a beta of 1.20. Wintrust Financial Co. has a 1 year low of $89.68 and a 1 year high of $142.04. The stock has a 50 day moving average price of $130.95 and a 200 day moving average price of $117.72. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.71.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 last year, the firm posted $1.87 earnings per share. Sell-side analysts forecast that Wintrust Financial Co. will post 10.3 EPS for the current fiscal year.

Wintrust Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be issued a $0.50 dividend. The ex-dividend date of this dividend is 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 yield of 1.53%. Wintrust Financial's payout ratio is currently 17.46%.

Insiders Place Their Bets

In related news, CFO David L. Stoehr sold 2,363 shares of the business's stock in a transaction dated Tuesday, January 28th. The stock was 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 in the company, valued at approximately $2,607,752.56. The trade was a 10.63 % 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, COO David A. Dykstra sold 4,213 shares of the company's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $131.31, for a total value of $553,209.03. Following the sale, the chief operating officer now directly owns 206,294 shares in the company, valued at $27,088,465.14. This trade represents a 2.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,178 shares of company stock worth $1,336,315 in the last three months. 1.47% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Royal Bank of Canada restated an "outperform" rating and set a $152.00 target price on shares of Wintrust Financial in a research note on Thursday, January 23rd. Wedbush restated an "outperform" rating and issued a $130.00 target price on shares of Wintrust Financial in a report on Tuesday, October 22nd. Piper Sandler boosted their target price on shares of Wintrust Financial from $151.00 to $156.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. DA Davidson increased their price target on Wintrust Financial from $125.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Finally, UBS Group initiated coverage on Wintrust Financial in a report on Tuesday, December 17th. They issued a "buy" rating and a $157.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $133.69.

Check Out Our Latest Analysis on Wintrust Financial

Wintrust Financial Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Wintrust Financial (NASDAQ:WTFC)

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