Wintrust Financial Corporation $WTFC Shares Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in Wintrust Financial Corporation (NASDAQ:WTFC) by 50.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,000 shares of the bank’s stock after buying an additional 4,357 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Wintrust Financial were worth $1,844,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of Wintrust Financial during the 2nd quarter worth about $1,058,088,000. Bank of America Corp DE acquired a new stake in shares of Wintrust Financial in the second quarter worth approximately $168,021,000. Jupiter Topco LLC acquired a new stake in shares of Wintrust Financial in the second quarter worth approximately $92,734,000. Bank of New York Mellon Corp purchased a new stake in Wintrust Financial in the second quarter valued at approximately $92,391,000. Finally, First Trust Advisors LP grew its holdings in Wintrust Financial by 26.6% in the first quarter. First Trust Advisors LP now owns 1,830,268 shares of the bank’s stock valued at $254,297,000 after purchasing an additional 385,069 shares during the period. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Insider Activity at Wintrust Financial

In other Wintrust Financial news, COO David Dykstra sold 13,515 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $162.77, for a total transaction of $2,199,836.55. Following the completion of the sale, the chief operating officer directly owned 166,449 shares in the company, valued at $27,092,903.73. The trade was a 7.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard Murphy sold 7,136 shares of the stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $148.66, for a total value of $1,060,837.76. Following the completion of the sale, the insider owned 30,107 shares of the company’s stock, valued at approximately $4,475,706.62. This represents a 19.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.24% of the stock is owned by insiders.

Wintrust Financial Stock Performance

NASDAQ WTFC opened at $155.37 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.98 and a quick ratio of 0.97. Wintrust Financial Corporation has a 1-year low of $122.00 and a 1-year high of $167.21. The firm has a market capitalization of $10.48 billion, a P/E ratio of 11.91, a P/E/G ratio of 1.15 and a beta of 0.86. The business’s 50-day simple moving average is $148.19 and its 200-day simple moving average is $150.31.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Monday, October 19th. The bank reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.06. The firm had revenue of $757.88 million during the quarter, compared to the consensus estimate of $754.54 million. Wintrust Financial had a net margin of 21.03% and a return on equity of 13.31%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.06 EPS. Equities analysts predict that Wintrust Financial Corporation will post 13.29 EPS for the current year.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Thursday, November 5th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, November 5th. Wintrust Financial’s payout ratio is 16.87%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on WTFC shares. Wells Fargo & Company initiated coverage on shares of Wintrust Financial in a research report on Thursday, September 24th. They set an “equal weight” rating and a $160.00 price target for the company. Raymond James Financial set a $165.00 price target on shares of Wintrust Financial in a report on Wednesday, October 21st. TD Cowen boosted their price objective on shares of Wintrust Financial from $173.00 to $174.00 and gave the company a “buy” rating in a research note on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft initiated coverage on Wintrust Financial in a report on Monday, October 12th. They set a “buy” rating and a $175.00 price objective for the company. Finally, UBS Group upgraded Wintrust Financial from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $160.00 to $180.00 in a report on Thursday, October 29th. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Wintrust Financial presently has a consensus rating of “Moderate Buy” and an average price target of $175.50.

Wintrust Financial Profile

Wintrust Financial Corporation (NASDAQ: WTFC) is a financial holding company headquartered in Rosemont, Illinois. Through its network of community banking subsidiaries, the company provides banking and financial services to individuals, families, businesses and institutions.

Its offerings include checking and savings accounts, commercial and consumer lending, residential mortgages, treasury management, cash management and other deposit services. Wintrust also provides wealth management, investment services, insurance-related products and specialized finance solutions, including equipment finance and premium finance.

Founded in 1991, Wintrust has built its business through a community banking model that combines local decision-making and relationship-based service with the resources of a larger financial organization.