Victory Capital Management Inc. Sells 397,156 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Victory Capital Management Inc. lessened its stake in Wintrust Financial Co. (NASDAQ:WTFC) by 29.7% in the fourth quarter, HoldingsChannel reports. The firm owned 938,483 shares of the bank’s stock after selling 397,156 shares during the period. Victory Capital Management Inc.’s holdings in Wintrust Financial were worth $117,038,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the business. FMR LLC grew its position in shares of Wintrust Financial by 14.1% during the 3rd quarter. FMR LLC now owns 5,153,999 shares of the bank’s stock valued at $559,364,000 after acquiring an additional 637,072 shares during the period. State Street Corp lifted 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 purchasing an additional 126,724 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Wintrust Financial by 11.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank’s stock worth $141,981,000 after purchasing an additional 133,311 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Wintrust Financial by 8.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,155,726 shares of the bank’s stock worth $125,464,000 after buying an additional 92,995 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Wintrust Financial by 36.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 802,841 shares of the bank’s stock worth $87,132,000 after buying an additional 213,559 shares during the last quarter. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Stock Up 0.1 %

WTFC stock opened at $115.84 on Thursday. The firm has a market cap of $7.73 billion, a PE ratio of 11.24 and a beta of 1.16. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01. The firm’s fifty day moving average is $128.23 and its 200 day moving average is $121.45. Wintrust Financial Co. has a one year low of $91.38 and a one year high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Tuesday, January 21st. The bank reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.11. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same quarter in the prior year, the business earned $1.87 EPS. On average, research analysts forecast that Wintrust Financial Co. will post 10.36 EPS for the current year.

Wintrust Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.73%. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, February 6th. Wintrust Financial’s dividend payout ratio (DPR) is presently 19.40%.

Analysts Set New Price Targets

Several brokerages recently commented on WTFC. UBS Group began coverage on shares of Wintrust Financial in a report on Tuesday, December 17th. They set a “buy” rating and a $157.00 price target on the stock. Truist Financial raised shares of Wintrust Financial to a “strong-buy” rating in a research report on Monday, January 6th. Piper Sandler upped their price target on shares of Wintrust Financial from $151.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Raymond James reissued a “strong-buy” rating and set a $150.00 target price (up previously from $135.00) on shares of Wintrust Financial in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $152.00 price target on shares of Wintrust Financial in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wintrust Financial has a consensus rating of “Moderate Buy” and a consensus 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 stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $131.30, for a total transaction of $418,321.80. Following the transaction, the insider now directly owns 48,814 shares of the company’s stock, valued at $6,409,278.20. This trade represents a 6.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David L. Stoehr sold 2,363 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $131.32, for a total transaction of $310,309.16. Following the transaction, the chief financial officer now directly owns 19,858 shares in the company, valued at approximately $2,607,752.56. The trade was a 10.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,178 shares of company stock valued at $1,336,315 over the last ninety days. Corporate insiders own 1.47% of the company’s stock.

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.