Wintrust Financial Co. (NASDAQ:WTFC) Position Reduced by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC cut its position in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 26.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,361 shares of the bank's stock after selling 2,950 shares during the period. CIBC Private Wealth Group LLC's holdings in Wintrust Financial were worth $1,072,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Millstone Evans Group LLC purchased a new stake in shares of Wintrust Financial in the 4th quarter valued at approximately $43,000. Global Retirement Partners LLC grew its holdings in shares of Wintrust Financial by 63.5% in the fourth quarter. Global Retirement Partners LLC now owns 376 shares of the bank's stock valued at $47,000 after purchasing an additional 146 shares in the last quarter. Versant Capital Management Inc increased its stake in Wintrust Financial by 32.1% during the 4th quarter. Versant Capital Management Inc now owns 539 shares of the bank's stock worth $67,000 after buying an additional 131 shares during the period. UMB Bank n.a. increased its position in shares of Wintrust Financial by 32.2% during the fourth quarter. UMB Bank n.a. now owns 677 shares of the bank's stock worth $84,000 after acquiring an additional 165 shares during the period. Finally, Jones Financial Companies Lllp increased its holdings in Wintrust Financial by 920.9% during the 4th quarter. Jones Financial Companies Lllp now owns 684 shares of the bank's stock worth $85,000 after purchasing an additional 617 shares during the period. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on WTFC. Piper Sandler raised their target price on shares of Wintrust Financial from $151.00 to $156.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Royal Bank of Canada restated an "outperform" rating and issued a $152.00 price objective on shares of Wintrust Financial in a research note on Thursday, January 23rd. StockNews.com downgraded Wintrust Financial from a "hold" rating to a "sell" rating in a research note on Saturday, February 15th. Truist Financial upgraded shares of Wintrust Financial to a "strong-buy" rating in a research report on Monday, January 6th. Finally, UBS Group started coverage on shares of Wintrust Financial in a research note 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 given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $133.69.

Insider Transactions at Wintrust Financial

In other news, EVP Jeffrey D. Hahnfeld sold 416 shares of the firm's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $130.95, for a total value of $54,475.20. Following the transaction, the executive vice president now owns 2,276 shares of the company's stock, valued at approximately $298,042.20. This trade represents a 15.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Richard B. Murphy sold 3,186 shares of the company's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $131.30, for a total transaction of $418,321.80. Following the sale, the insider now directly owns 48,814 shares of the company's stock, valued at approximately $6,409,278.20. This trade represents a 6.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,178 shares of company stock worth $1,336,315. 1.47% of the stock is currently owned by company insiders.

Wintrust Financial Trading Up 2.2 %

Shares of Wintrust Financial stock traded up $2.14 during trading hours on Tuesday, reaching $98.03. 81,334 shares of the company's stock were exchanged, compared to its average volume of 468,928. The firm has a market capitalization of $6.54 billion, a price-to-earnings ratio of 9.49 and a beta of 0.94. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. Wintrust Financial Co. has a 52-week low of $89.10 and a 52-week high of $142.04. The company has a fifty day moving average of $119.64 and a 200-day moving average of $122.35.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The bank reported $2.63 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 business posted $1.87 earnings per share. Sell-side analysts forecast that Wintrust Financial Co. will post 10.36 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, May 8th. Wintrust Financial's payout ratio is currently 19.40%.

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.