UMB Bank n.a. Grows Stake in Wintrust Financial Co. (NASDAQ:WTFC)

UMB Bank n.a. increased its holdings in Wintrust Financial Co. (NASDAQ:WTFC) by 32.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 677 shares of the bank’s stock after buying an additional 165 shares during the period. UMB Bank n.a.’s holdings in Wintrust Financial were worth $84,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Jane Street Group LLC raised its holdings in shares of Wintrust Financial by 530.3% in the 3rd quarter. Jane Street Group LLC now owns 39,135 shares of the bank’s stock valued at $4,247,000 after acquiring an additional 32,926 shares in the last quarter. Retirement Systems of Alabama raised its stake in Wintrust Financial by 6.0% in the third quarter. Retirement Systems of Alabama now owns 80,782 shares of the bank’s stock valued at $8,767,000 after purchasing an additional 4,562 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Wintrust Financial by 36.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 802,841 shares of the bank’s stock valued at $87,132,000 after purchasing an additional 213,559 shares during the last quarter. State Street Corp grew its stake in Wintrust Financial by 5.1% in the 3rd quarter. State Street Corp now owns 2,627,561 shares of the bank’s stock worth $285,169,000 after buying an additional 126,724 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Wintrust Financial by 7.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 203,285 shares of the bank’s stock worth $22,063,000 after buying an additional 14,699 shares during the last quarter. Institutional investors own 93.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on WTFC shares. DA Davidson upped their target price on shares of Wintrust Financial from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada reiterated an “outperform” rating and set a $152.00 price objective on shares of Wintrust Financial in a research report on Thursday. Wedbush restated an “outperform” rating and issued a $130.00 target price on shares of Wintrust Financial in a research report on Tuesday, October 22nd. Truist Financial upgraded shares of Wintrust Financial to a “strong-buy” rating in a research report on Monday, January 6th. Finally, StockNews.com lowered shares of Wintrust Financial from a “hold” rating to a “sell” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $133.69.

Insider Activity

In other news, insider Richard B. Murphy sold 4,099 shares of Wintrust Financial stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total value of $473,967.37. Following the completion of the transaction, the insider now owns 42,311 shares of the company’s stock, valued at $4,892,420.93. The trade was a 8.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO David A. Dykstra sold 15,492 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following the sale, the chief operating officer now directly owns 197,591 shares in the company, valued at $22,817,808.68. This trade represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.47% of the company’s stock.

Wintrust Financial Stock Down 0.2 %

NASDAQ WTFC opened at $133.03 on Friday. Wintrust Financial Co. has a 1 year low of $89.68 and a 1 year high of $142.04. The stock has a market capitalization of $8.85 billion, a PE ratio of 12.90 and a beta of 1.20. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 1.01. The business’s 50-day moving average is $131.10 and its 200 day moving average is $116.44.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Tuesday, January 21st. The bank reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.11. Wintrust Financial had a return on equity of 12.92% and a net margin of 17.52%. During the same period last year, the company posted $1.87 EPS. Sell-side analysts forecast that Wintrust Financial Co. will post 10.17 earnings per share for the current year.

Wintrust Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th will be issued a $0.50 dividend. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 1.50%. Wintrust Financial’s dividend payout ratio is 17.46%.

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.