KBC Group NV Sells 8,823 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

KBC Group NV reduced its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 81.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,009 shares of the bank's stock after selling 8,823 shares during the period. KBC Group NV's holdings in Wintrust Financial were worth $218,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of WTFC. Chartwell Investment Partners LLC lifted its position in shares of Wintrust Financial by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 11,049 shares of the bank's stock worth $1,200,000 after acquiring an additional 89 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Wintrust Financial by 11.7% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 866 shares of the bank's stock worth $85,000 after purchasing an additional 91 shares during the period. Shaker Investments LLC OH increased its position in shares of Wintrust Financial by 0.3% during the third quarter. Shaker Investments LLC OH now owns 28,928 shares of the bank's stock valued at $3,140,000 after buying an additional 96 shares during the period. US Bancorp DE increased its position in shares of Wintrust Financial by 0.5% during the third quarter. US Bancorp DE now owns 24,716 shares of the bank's stock valued at $2,682,000 after buying an additional 126 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its holdings in shares of Wintrust Financial by 1.4% in the second quarter. Concurrent Investment Advisors LLC now owns 10,304 shares of the bank's stock worth $1,016,000 after buying an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company's stock.

Insider Activity at Wintrust Financial

In other Wintrust Financial news, COO David A. Dykstra sold 15,492 shares of the firm's stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following the completion of the sale, the chief operating officer now directly owns 197,591 shares in the company, valued at approximately $22,817,808.68. This trade represents a 7.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Richard B. Murphy sold 4,099 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the insider now owns 42,311 shares in the company, valued at approximately $4,892,420.93. This represents a 8.83 % 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

A number of analysts recently weighed in on the stock. Piper Sandler upped their target price on shares of Wintrust Financial from $131.00 to $136.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. DA Davidson upped their price target on shares of Wintrust Financial from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Raymond James lifted their price objective on Wintrust Financial from $125.00 to $135.00 and gave the company a "strong-buy" rating in a research note on Wednesday, October 23rd. Wedbush restated an "outperform" rating and issued a $130.00 target price on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Finally, Citigroup lifted their price target on 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 assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $123.00.

Wintrust Financial Trading Down 0.2 %

WTFC opened at $130.83 on Thursday. The business has a 50 day moving average of $114.83 and a 200-day moving average of $105.75. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. The stock has a market cap of $8.70 billion, a PE ratio of 13.70 and a beta of 1.15. Wintrust Financial Co. has a 52 week low of $82.90 and a 52 week high of $136.08.

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

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be paid a $0.45 dividend. The ex-dividend date is Thursday, November 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.38%. Wintrust Financial's payout ratio is currently 18.85%.

Wintrust Financial 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.