Wintrust Financial Co. (NASDAQ:WTFC) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC boosted its position in Wintrust Financial Co. (NASDAQ:WTFC) by 16.8% in the third quarter, HoldingsChannel.com reports. The firm owned 47,788 shares of the bank’s stock after purchasing an additional 6,880 shares during the quarter. Natixis Advisors LLC’s holdings in Wintrust Financial were worth $5,186,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Chartwell Investment Partners LLC lifted its position in Wintrust Financial by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 11,049 shares of the bank’s stock worth $1,200,000 after purchasing an additional 89 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in Wintrust Financial by 11.7% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 866 shares of the bank’s stock worth $85,000 after purchasing an additional 91 shares during the period. Shaker Investments LLC OH lifted its position in Wintrust Financial by 0.3% in the third quarter. Shaker Investments LLC OH now owns 28,928 shares of the bank’s stock worth $3,140,000 after purchasing an additional 96 shares during the period. US Bancorp DE lifted its position in Wintrust Financial by 0.5% in the third quarter. US Bancorp DE now owns 24,716 shares of the bank’s stock worth $2,682,000 after purchasing an additional 126 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its position in shares of Wintrust Financial by 1.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 10,304 shares of the bank’s stock valued at $1,016,000 after acquiring an additional 145 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Trading Up 2.6 %

NASDAQ WTFC opened at $137.08 on Friday. Wintrust Financial Co. has a 1-year low of $82.90 and a 1-year high of $137.32. 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 market capitalization of $9.11 billion, a PE ratio of 14.35 and a beta of 1.15. The firm’s fifty day simple moving average is $116.10 and its 200-day simple moving average is $106.19.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $623.45 million. During the same period last year, the company posted $2.53 earnings per share. The company’s revenue was up 7.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Wintrust Financial Co. will post 10.12 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently announced 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 1.31%. The ex-dividend date of this dividend was Thursday, November 7th. Wintrust Financial’s payout ratio is 18.85%.

Insiders Place Their Bets

In other Wintrust Financial news, insider Richard B. Murphy sold 4,099 shares of the stock in a transaction 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 transaction, the insider now directly owns 42,311 shares of the company’s stock, valued at $4,892,420.93. This represents a 8.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO David L. Stoehr sold 1,607 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $113.46, for a total transaction of $182,330.22. Following the transaction, the chief financial officer now directly owns 14,874 shares in the company, valued at $1,687,604.04. The trade was a 9.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,198 shares of company stock valued at $2,445,314 over the last three months. 1.47% of the stock is currently owned by insiders.

Analyst Ratings Changes

WTFC has been the subject of a number of recent research reports. Truist Financial increased their price objective on Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Piper Sandler increased their price objective on Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Citigroup increased their price objective on Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Raymond James boosted their target price on shares of Wintrust Financial from $125.00 to $135.00 and gave the company a “strong-buy” rating in a research note on Wednesday, October 23rd. Finally, Wedbush reissued an “outperform” rating and set a $130.00 target price on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $123.00.

Wintrust Financial 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.