Zacks Investment Management Has $12.88 Million Stock Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

Zacks Investment Management grew its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 14.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,659 shares of the bank's stock after purchasing an additional 14,722 shares during the quarter. Zacks Investment Management owned approximately 0.18% of Wintrust Financial worth $12,878,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in WTFC. International Assets Investment Management LLC acquired a new position in Wintrust Financial during the 3rd quarter valued at about $35,000. UMB Bank n.a. raised its holdings in shares of Wintrust Financial by 62.0% during the third quarter. UMB Bank n.a. now owns 512 shares of the bank's stock valued at $56,000 after buying an additional 196 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Wintrust Financial during the third quarter worth approximately $61,000. Covestor Ltd grew its holdings 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 buying an additional 286 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position 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 valued at $85,000 after acquiring an additional 91 shares during the period. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Price Performance

Shares of NASDAQ WTFC traded up $0.29 during mid-day trading on Friday, reaching $136.75. The company had a trading volume of 237,128 shares, compared to its average volume of 388,596. Wintrust Financial Co. has a 1-year low of $89.29 and a 1-year high of $142.04. The stock has a market cap of $9.09 billion, a PE ratio of 14.32 and a beta of 1.18. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73. The company has a 50-day moving average price of $122.08 and a two-hundred day moving average price of $108.74.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $615.73 million for the quarter, compared to analyst estimates of $623.45 million. During the same quarter in the previous year, the firm posted $2.53 EPS. Wintrust Financial's quarterly revenue was up 7.1% on a year-over-year basis. On average, equities analysts anticipate that Wintrust Financial Co. will post 10.12 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Thursday, November 7th. Wintrust Financial's payout ratio is 18.85%.

Insider Buying and Selling at Wintrust Financial

In related news, CFO David L. Stoehr sold 1,607 shares of the firm's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total transaction of $182,330.22. Following the completion of the sale, the chief financial officer now directly owns 14,874 shares in the company, valued at approximately $1,687,604.04. This trade represents a 9.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Richard B. Murphy sold 4,099 shares of the company's stock in a transaction that occurred on Tuesday, October 29th. The shares were 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 have sold a total of 21,198 shares of company stock valued at $2,445,314 in the last three months. 1.47% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on WTFC shares. Citigroup boosted their price target on Wintrust Financial from $126.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. DA Davidson upped their price objective 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. Piper Sandler raised their target price on shares of Wintrust Financial from $131.00 to $136.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Wedbush reaffirmed an "outperform" rating and issued a $130.00 price target on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Finally, Truist Financial raised their price objective on shares of Wintrust Financial from $123.00 to $127.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Wintrust Financial has a consensus rating of "Moderate Buy" and a consensus price target of $124.62.

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.