Wintrust Financial Co. (NASDAQ:WTFC) Shares Purchased by Atria Investments Inc

Atria Investments Inc boosted its holdings in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 34.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,926 shares of the bank's stock after purchasing an additional 2,804 shares during the period. Atria Investments Inc's holdings in Wintrust Financial were worth $1,363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Global Retirement Partners LLC lifted its holdings in shares of Wintrust Financial by 63.5% in the 4th quarter. Global Retirement Partners LLC now owns 376 shares of the bank's stock valued at $47,000 after buying an additional 146 shares during the period. Brooklyn Investment Group acquired a new position in Wintrust Financial in the third quarter valued at approximately $61,000. Versant Capital Management Inc boosted its position in Wintrust Financial by 32.1% in the 4th quarter. Versant Capital Management Inc now owns 539 shares of the bank's stock worth $67,000 after purchasing an additional 131 shares in the last quarter. Covestor Ltd boosted its position in Wintrust Financial by 77.9% in the 3rd quarter. Covestor Ltd now owns 653 shares of the bank's stock worth $71,000 after purchasing an additional 286 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in shares of Wintrust Financial by 32.2% during the 4th quarter. UMB Bank n.a. now owns 677 shares of the bank's stock worth $84,000 after purchasing an additional 165 shares during the period. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. StockNews.com cut shares of Wintrust Financial from a "hold" rating to a "sell" rating in a research note on Saturday, February 15th. Royal Bank of Canada reissued an "outperform" rating and set a $152.00 target price on shares of Wintrust Financial in a research note on Thursday, January 23rd. Barclays lifted their price target on Wintrust Financial from $151.00 to $155.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. UBS Group assumed coverage on Wintrust Financial in a research report on Tuesday, December 17th. They set a "buy" rating and a $157.00 price target on the stock. Finally, Truist Financial raised Wintrust Financial to a "strong-buy" rating in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $133.69.

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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 that occurred on Tuesday, January 28th. The stock was sold at an average price of $131.32, for a total value of $310,309.16. Following the transaction, the chief financial officer now directly owns 19,858 shares in the company, valued at approximately $2,607,752.56. This represents a 10.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO David A. Dykstra sold 4,213 shares of the 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 completion of the transaction, the chief operating officer now owns 206,294 shares of the company's stock, valued at $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. Insiders have sold 10,178 shares of company stock worth $1,336,315 in the last ninety days. 1.47% of the stock is owned by insiders.

Wintrust Financial Price Performance

WTFC stock opened at $108.36 on Wednesday. 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 firm has a market capitalization of $7.23 billion, a PE ratio of 10.51 and a beta of 1.16. The business has a 50 day simple moving average of $127.05 and a 200-day simple moving average of $121.78.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share (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 company posted $1.87 earnings per share. Equities research analysts anticipate that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, February 6th. This is an increase from Wintrust Financial's previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 1.85%. Wintrust Financial's payout ratio is 19.40%.

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.

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