Wintrust Financial Co. (NASDAQ:WTFC) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 26.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,423 shares of the bank's stock after buying an additional 3,641 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Wintrust Financial were worth $2,173,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of WTFC. FMR LLC increased its holdings in Wintrust Financial by 14.1% during the 3rd quarter. FMR LLC now owns 5,153,999 shares of the bank's stock worth $559,364,000 after purchasing an additional 637,072 shares during the period. Raymond James Financial Inc. purchased a new position in Wintrust Financial during the 4th quarter worth $40,562,000. Charles Schwab Investment Management Inc. increased its holdings in Wintrust Financial by 36.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 802,841 shares of the bank's stock worth $87,132,000 after purchasing an additional 213,559 shares during the period. Principal Financial Group Inc. increased its holdings in Wintrust Financial by 11.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank's stock worth $141,981,000 after purchasing an additional 133,311 shares during the period. Finally, State Street Corp increased its holdings in Wintrust Financial by 5.1% during the 3rd quarter. State Street Corp now owns 2,627,561 shares of the bank's stock worth $285,169,000 after purchasing an additional 126,724 shares during the period. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

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

Wintrust Financial Stock Up 0.1 %

Shares of Wintrust Financial stock traded up $0.14 during trading on Thursday, reaching $114.04. The company's stock had a trading volume of 601,848 shares, compared to its average volume of 385,297. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The company has a market cap of $7.61 billion, a price-to-earnings ratio of 11.06 and a beta of 1.16. Wintrust Financial Co. has a 1-year low of $91.38 and a 1-year high of $142.04. The company has a 50-day simple moving average of $125.23 and a two-hundred day simple moving average of $121.86.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued 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 quarter in the previous year, the company posted $1.87 earnings per share. As a group, equities analysts forecast that Wintrust Financial Co. will post 10.36 earnings per share for the current year.

Wintrust Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $2.00 dividend on an annualized basis and a yield of 1.75%. This is a boost from Wintrust Financial's previous quarterly dividend of $0.45. Wintrust Financial's payout ratio is currently 19.40%.

Insiders Place Their Bets

In other Wintrust Financial news, CFO David L. Stoehr sold 2,363 shares of Wintrust Financial stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $131.32, for a total transaction of $310,309.16. Following the completion of the sale, the chief financial officer now 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO David A. Dykstra sold 4,213 shares of Wintrust Financial stock in a transaction dated 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 directly owns 206,294 shares of the company's stock, valued at approximately $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 90 days, insiders sold 10,178 shares of company stock valued at $1,336,315. 1.47% of the stock is owned by company 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.