Mount Yale Investment Advisors LLC Sells 107 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Mount Yale Investment Advisors LLC reduced its holdings in Wintrust Financial Co. (NASDAQ:WTFC) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,205 shares of the bank’s stock after selling 107 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Wintrust Financial were worth $649,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of WTFC. International Assets Investment Management LLC bought a new position in Wintrust Financial during the third quarter worth $35,000. UMB Bank n.a. increased its holdings in shares of Wintrust Financial by 62.0% during the 3rd quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock worth $56,000 after purchasing an additional 196 shares during the period. Brooklyn Investment Group acquired a new position in shares of Wintrust Financial during the third quarter valued at about $61,000. Versant Capital Management Inc lifted its stake in shares of Wintrust Financial by 32.1% in the fourth quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock valued at $67,000 after buying an additional 131 shares during the period. Finally, Covestor Ltd grew its position in Wintrust Financial by 77.9% during the third quarter. Covestor Ltd now owns 653 shares of the bank’s stock worth $71,000 after buying an additional 286 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Trading Up 1.7 %

WTFC stock opened at $132.11 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $8.78 billion, a price-to-earnings ratio of 12.81 and a beta of 1.20. The business has a fifty day moving average price of $131.07 and a 200 day moving average price of $117.31. Wintrust Financial Co. has a fifty-two week low of $89.68 and a fifty-two week high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.11. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same period in the previous year, the business earned $1.87 earnings per share. Analysts expect that Wintrust Financial Co. will post 10.17 EPS for the current fiscal year.

Wintrust Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be issued a $0.50 dividend. The ex-dividend date is Thursday, February 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.51%. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.45. Wintrust Financial’s dividend payout ratio (DPR) is currently 17.46%.

Wall Street Analyst Weigh In

WTFC has been the subject of several recent research reports. DA Davidson upped their price target on Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Truist Financial raised Wintrust Financial to a “strong-buy” rating in a research report on Monday, January 6th. Raymond James reissued a “strong-buy” rating and issued a $150.00 price target (up previously from $135.00) on shares of Wintrust Financial in a report on Thursday, January 23rd. Wedbush reaffirmed an “outperform” rating and set a $130.00 price objective on shares of Wintrust Financial in a report on Tuesday, October 22nd. Finally, StockNews.com cut shares of Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $133.69.

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.