Strs Ohio Trims Stake in Wintrust Financial Corporation $WTFC

Strs Ohio cut its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 22.6% in the first quarter, HoldingsChannel reports. The firm owned 60,579 shares of the bank’s stock after selling 17,702 shares during the period. Strs Ohio’s holdings in Wintrust Financial were worth $8,417,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in WTFC. Advisors Asset Management Inc. purchased a new position in shares of Wintrust Financial during the first quarter valued at $27,000. Elyxium Wealth LLC purchased a new stake in Wintrust Financial in the fourth quarter worth about $31,000. Creative Financial Designs Inc. ADV grew its holdings in Wintrust Financial by 231.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock worth $32,000 after acquiring an additional 160 shares in the last quarter. Harbour Investments Inc. increased its position in Wintrust Financial by 72.7% during the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock valued at $34,000 after purchasing an additional 101 shares during the period. Finally, Strive Financial Group LLC purchased a new position in Wintrust Financial during the 4th quarter valued at about $39,000. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Wintrust Financial

In other news, Director Suzet M. Mckinney sold 500 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $148.96, for a total transaction of $74,480.00. Following the sale, the director owned 3,303 shares in the company, valued at approximately $492,014.88. The trade was a 13.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO David A. Dykstra sold 9,579 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $148.82, for a total transaction of $1,425,546.78. Following the transaction, the chief operating officer owned 179,810 shares in the company, valued at approximately $26,759,324.20. This trade represents a 5.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 13,099 shares of company stock worth $1,954,386. Insiders own 1.24% of the company’s stock.

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $161.19 on Monday. Wintrust Financial Corporation has a 12-month low of $119.61 and a 12-month high of $164.00. The business’s fifty day simple moving average is $152.82 and its 200-day simple moving average is $147.51. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.62. The company has a market cap of $10.87 billion, a PE ratio of 13.51 and a beta of 0.84.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Monday, April 20th. The bank reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.96 by $0.26. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.The firm had revenue of $713.17 million during the quarter, compared to analysts’ expectations of $707.23 million. During the same quarter last year, the firm earned $2.69 EPS. The business’s quarterly revenue was up 10.9% on a year-over-year basis. Analysts expect that Wintrust Financial Corporation will post 13.09 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, May 14th. Wintrust Financial’s dividend payout ratio (DPR) is currently 18.44%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wintrust Financial in a research report on Monday, June 29th. Royal Bank Of Canada lifted their price objective on shares of Wintrust Financial from $175.00 to $185.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. DA Davidson reissued a “buy” rating and issued a $185.00 price objective on shares of Wintrust Financial in a research note on Tuesday, June 30th. Truist Financial dropped their target price on Wintrust Financial from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Finally, Stephens began coverage on Wintrust Financial in a report on Friday, March 27th. They issued an “equal weight” rating and a $160.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Wintrust Financial has an average rating of “Moderate Buy” and a consensus price target of $170.58.

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.