Wintrust Financial Co. (NASDAQ:WTFC) Shares Sold by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury lessened its stake in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 11.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,005 shares of the bank's stock after selling 3,353 shares during the period. State of Tennessee Department of Treasury's holdings in Wintrust Financial were worth $3,118,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Barclays PLC increased its holdings in shares of Wintrust Financial by 3.5% in the third quarter. Barclays PLC now owns 81,737 shares of the bank's stock valued at $8,870,000 after purchasing an additional 2,748 shares during the period. World Investment Advisors LLC increased its stake in Wintrust Financial by 16.8% in the 3rd quarter. World Investment Advisors LLC now owns 2,479 shares of the bank's stock valued at $269,000 after buying an additional 356 shares during the period. Tidal Investments LLC raised its position in Wintrust Financial by 2.0% during the 3rd quarter. Tidal Investments LLC now owns 8,656 shares of the bank's stock worth $939,000 after buying an additional 172 shares during the last quarter. Retirement Systems of Alabama lifted its stake in shares of Wintrust Financial by 6.0% in the 3rd quarter. Retirement Systems of Alabama now owns 80,782 shares of the bank's stock worth $8,767,000 after acquiring an additional 4,562 shares during the period. Finally, Lord Abbett & CO. LLC boosted its holdings in shares of Wintrust Financial by 6.2% in the third quarter. Lord Abbett & CO. LLC now owns 286,341 shares of the bank's stock valued at $31,076,000 after acquiring an additional 16,668 shares in the last quarter. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wintrust Financial Stock Performance

NASDAQ WTFC opened at $110.79 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $7.41 billion, a PE ratio of 10.75 and a beta of 0.94. The business's 50-day moving average price is $110.76 and its 200 day moving average price is $121.70. Wintrust Financial Co. has a twelve month low of $89.10 and a twelve month high of $142.04.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its quarterly earnings results on Monday, April 21st. The bank reported $2.69 EPS for the quarter, topping the consensus estimate of $2.52 by $0.17. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. The firm had revenue of $643.11 million during the quarter, compared to analyst estimates of $643.11 million. During the same quarter in the prior year, the business posted $2.89 earnings per share. On average, research analysts predict that Wintrust Financial Co. will post 10.36 earnings per share for the current year.

Wintrust Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, May 8th. Wintrust Financial's dividend payout ratio is currently 19.78%.

Wall Street Analysts Forecast Growth

WTFC has been the subject of a number of recent analyst reports. Piper Sandler restated an "above average" rating on shares of Wintrust Financial in a research report on Wednesday. Raymond James set a $143.00 target price on Wintrust Financial and gave the company a "strong-buy" rating in a report on Wednesday. DA Davidson reduced their price objective on shares of Wintrust Financial from $140.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday. StockNews.com lowered shares of Wintrust Financial from a "hold" rating to a "sell" rating in a research report on Saturday, February 15th. Finally, Stephens decreased their price target on Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $133.54.

Insider Buying and Selling

In related news, CFO David L. Stoehr sold 2,363 shares of the business'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 transaction of $310,309.16. Following the transaction, the chief financial officer now directly owns 19,858 shares of the company's stock, valued at approximately $2,607,752.56. The trade was a 10.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO David A. Dykstra sold 4,213 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $131.31, for a total transaction of $553,209.03. Following the sale, the chief operating officer now owns 206,294 shares in the company, valued at $27,088,465.14. This represents a 2.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,178 shares of company stock valued at $1,336,315. 1.01% of the stock is currently owned by corporate insiders.

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.

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