Greenleaf Trust Buys 3,098 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Greenleaf Trust boosted its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 112.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,848 shares of the bank’s stock after purchasing an additional 3,098 shares during the quarter. Greenleaf Trust’s holdings in Wintrust Financial were worth $729,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in WTFC. International Assets Investment Management LLC bought a new stake in Wintrust Financial during the third quarter valued at about $35,000. UMB Bank n.a. boosted its position in Wintrust Financial by 62.0% during the third quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock valued at $56,000 after purchasing an additional 196 shares in the last quarter. Brooklyn Investment Group bought a new stake in Wintrust Financial during the third quarter valued at about $61,000. Versant Capital Management Inc boosted its position in Wintrust Financial by 32.1% during the fourth quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock valued at $67,000 after purchasing an additional 131 shares in the last quarter. Finally, Covestor Ltd boosted its position in Wintrust Financial by 77.9% during the third quarter. Covestor Ltd now owns 653 shares of the bank’s stock valued at $71,000 after purchasing an additional 286 shares in the last quarter. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Stock Up 1.5 %

Shares of WTFC stock opened at $129.13 on Wednesday. The stock has a 50 day moving average of $130.55 and a 200 day moving average of $118.08. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The stock has a market cap of $8.59 billion, a P/E ratio of 12.52 and a beta of 1.19. Wintrust Financial Co. has a twelve month low of $89.68 and a twelve month high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the company earned $1.87 earnings per share. As a group, sell-side analysts expect that Wintrust Financial Co. will post 10.3 EPS for the current year.

Wintrust Financial Increases Dividend

The firm 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 1.55%. The ex-dividend date of this dividend is Thursday, February 6th. Wintrust Financial’s dividend payout ratio (DPR) is presently 17.46%.

Analyst Ratings Changes

WTFC has been the subject of a number of research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $152.00 price target on shares of Wintrust Financial in a research note on Thursday, January 23rd. DA Davidson increased their price target on Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Truist Financial upgraded Wintrust Financial to a “strong-buy” rating in a research note on Monday, January 6th. Piper Sandler increased their price target on Wintrust Financial from $151.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Barclays raised their price objective on Wintrust Financial from $151.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Wintrust Financial presently has a consensus rating of “Moderate Buy” and an average target price of $133.69.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial news, insider Richard B. Murphy sold 3,186 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $131.30, for a total value of $418,321.80. Following the sale, the insider now directly owns 48,814 shares of the company’s stock, valued at approximately $6,409,278.20. This trade represents a 6.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jeffrey D. Hahnfeld sold 416 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $130.95, for a total value of $54,475.20. Following the completion of the sale, the executive vice president now directly owns 2,276 shares in the company, valued at $298,042.20. This represents a 15.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,178 shares of company stock valued at $1,336,315. Company insiders own 1.47% of the company’s stock.

Wintrust Financial Company 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.