US Bancorp DE Sells 4,731 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

US Bancorp DE cut its position in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 19.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,985 shares of the bank's stock after selling 4,731 shares during the period. US Bancorp DE's holdings in Wintrust Financial were worth $2,492,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in shares of Wintrust Financial in the third quarter valued at $35,000. Global Retirement Partners LLC lifted its position in 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 acquiring an additional 146 shares in the last quarter. Brooklyn Investment Group acquired a new position in Wintrust Financial during the 3rd quarter valued at about $61,000. Versant Capital Management Inc increased its holdings 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 purchasing an additional 131 shares in the last quarter. Finally, Covestor Ltd raised its stake in shares of Wintrust Financial by 77.9% in the third quarter. Covestor Ltd now owns 653 shares of the bank's stock worth $71,000 after purchasing an additional 286 shares during the last quarter. 93.48% of the stock is owned by institutional investors.

Insider Activity

In related news, COO David A. Dykstra sold 4,213 shares of the stock in a transaction 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 owns 206,294 shares in the company, valued at approximately $27,088,465.14. This trade represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Richard B. Murphy sold 3,186 shares of the business's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $131.30, for a total value of $418,321.80. Following the transaction, the insider now owns 48,814 shares of the company's stock, valued at approximately $6,409,278.20. The trade was a 6.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,178 shares of company stock worth $1,336,315. 1.47% of the stock is owned by company insiders.

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Wintrust Financial Stock Performance

WTFC traded down $5.10 on Monday, hitting $107.76. The company's stock had a trading volume of 565,399 shares, compared to its average volume of 446,918. The company's 50 day simple moving average is $127.71 and its 200-day simple moving average is $121.75. 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 Co. has a 12 month low of $91.38 and a 12 month high of $142.04. The firm has a market cap of $7.19 billion, a P/E ratio of 10.45 and a beta of 1.16.

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, 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 company earned $1.87 earnings per share. Analysts forecast that Wintrust Financial Co. will post 10.36 EPS for the current year.

Wintrust Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.86%. This is an increase from Wintrust Financial's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, February 6th. Wintrust Financial's dividend payout ratio is presently 19.40%.

Analyst Ratings Changes

WTFC has been the topic of several analyst reports. Piper Sandler lifted their target price on Wintrust Financial from $151.00 to $156.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. UBS Group began coverage on shares of Wintrust Financial in a report on Tuesday, December 17th. They issued a "buy" rating and a $157.00 target price for the company. Barclays raised their price target on shares of Wintrust Financial from $151.00 to $155.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. StockNews.com downgraded shares of Wintrust Financial from a "hold" rating to a "sell" rating in a research report on Saturday, February 15th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $152.00 target price on shares of Wintrust Financial in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $133.69.

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.