Rhumbline Advisers Increases Position in Wintrust Financial Corporation $WTFC

Rhumbline Advisers lifted its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 3.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 196,726 shares of the bank’s stock after acquiring an additional 6,915 shares during the quarter. Rhumbline Advisers owned 0.29% of Wintrust Financial worth $26,054,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Root Financial Partners LLC bought a new stake in shares of Wintrust Financial during the 3rd quarter worth $27,000. Advisors Asset Management Inc. purchased a new stake in Wintrust Financial during the first quarter worth about $27,000. Richardson Financial Services Inc. raised its position in Wintrust Financial by 75.3% in the third quarter. Richardson Financial Services Inc. now owns 312 shares of the bank’s stock worth $41,000 after acquiring an additional 134 shares during the period. Quent Capital LLC bought a new stake in Wintrust Financial in the third quarter worth about $41,000. Finally, State of Wyoming bought a new position in shares of Wintrust Financial during the 2nd quarter valued at approximately $41,000. 93.48% of the stock is currently owned by institutional investors.

Wintrust Financial Trading Up 2.1%

Shares of WTFC stock opened at $153.74 on Monday. The business’s fifty day moving average is $146.27 and its 200 day moving average is $136.45. Wintrust Financial Corporation has a 52-week low of $89.10 and a 52-week high of $162.96. The company has a market capitalization of $10.30 billion, a PE ratio of 13.49 and a beta of 0.88. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.99 and a current ratio of 1.00.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Tuesday, January 20th. The bank reported $3.15 EPS for the quarter, topping the consensus estimate of $2.93 by $0.22. The company had revenue of $714.26 million during the quarter, compared to analyst estimates of $700.85 million. Wintrust Financial had a return on equity of 12.95% and a net margin of 19.48%.During the same quarter in the previous year, the firm earned $2.63 earnings per share. On average, equities research analysts anticipate that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th will be given a dividend of $0.55 per share. The ex-dividend date is Thursday, February 5th. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.50. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. Wintrust Financial’s dividend payout ratio (DPR) is 19.30%.

Insider Activity at Wintrust Financial

In other Wintrust Financial news, insider Richard B. Murphy sold 3,291 shares of the business’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $146.05, for a total value of $480,650.55. Following the completion of the sale, the insider directly owned 46,049 shares of the company’s stock, valued at $6,725,456.45. The trade was a 6.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David Eric Lee sold 558 shares of the firm’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $147.42, for a total value of $82,260.36. Following the transaction, the insider directly owned 16,085 shares in the company, valued at $2,371,250.70. This trade represents a 3.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 11,662 shares of company stock worth $1,705,730 in the last quarter. 1.01% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

WTFC has been the topic of a number of research reports. TD Cowen lifted their price target on shares of Wintrust Financial from $170.00 to $177.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Wintrust Financial in a research note on Wednesday, January 21st. Royal Bank Of Canada increased their price target on Wintrust Financial from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. Jefferies Financial Group decreased their price objective on Wintrust Financial from $165.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday, October 21st. Finally, Piper Sandler upped their price objective on shares of Wintrust Financial from $161.00 to $184.00 and gave the company an “overweight” rating in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Wintrust Financial presently has a consensus rating of “Moderate Buy” and an average target price of $165.31.

Wintrust Financial Company Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.