Thrivent Financial for Lutherans Has $23.98 Million Position in Wintrust Financial Co. (NASDAQ:WTFC)

Thrivent Financial for Lutherans lessened its holdings in Wintrust Financial Co. (NASDAQ:WTFC) by 3.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 220,931 shares of the bank’s stock after selling 7,930 shares during the period. Thrivent Financial for Lutherans owned about 0.33% of Wintrust Financial worth $23,978,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Mutual of America Capital Management LLC lifted its stake in Wintrust Financial by 3.2% in the 3rd quarter. Mutual of America Capital Management LLC now owns 107,377 shares of the bank’s stock worth $11,654,000 after acquiring an additional 3,359 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of Wintrust Financial by 16.8% in the third quarter. Natixis Advisors LLC now owns 47,788 shares of the bank’s stock worth $5,186,000 after purchasing an additional 6,880 shares in the last quarter. OneDigital Investment Advisors LLC boosted its holdings in shares of Wintrust Financial by 3.1% during the third quarter. OneDigital Investment Advisors LLC now owns 5,127 shares of the bank’s stock worth $556,000 after purchasing an additional 152 shares during the period. Huntington National Bank grew its position in Wintrust Financial by 675.0% during the third quarter. Huntington National Bank now owns 3,844 shares of the bank’s stock valued at $417,000 after purchasing an additional 3,348 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its stake in Wintrust Financial by 508.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,952 shares of the bank’s stock valued at $212,000 after buying an additional 1,631 shares during the period. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on WTFC shares. Truist Financial boosted their price target on shares of Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Piper Sandler upped their target price on Wintrust Financial from $131.00 to $136.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Wedbush reiterated an “outperform” rating and set a $130.00 price target on shares of Wintrust Financial in a report on Tuesday, October 22nd. DA Davidson increased their price objective on Wintrust Financial from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Raymond James lifted 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. Three 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $123.00.

Wintrust Financial Trading Down 0.9 %

Shares of NASDAQ:WTFC opened at $131.12 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.01 and a current ratio of 1.02. The stock’s 50-day moving average is $114.26 and its 200-day moving average is $105.57. The company has a market cap of $8.72 billion, a P/E ratio of 13.73 and a beta of 1.15. Wintrust Financial Co. has a 52-week low of $82.90 and a 52-week high of $136.08.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, October 21st. The bank reported $2.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The business had revenue of $615.73 million during the quarter, compared to analyst estimates of $623.45 million. During the same period last year, the business earned $2.53 EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities research analysts predict that Wintrust Financial Co. will post 10.12 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, November 7th. Wintrust Financial’s payout ratio is currently 18.85%.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial news, insider Richard B. Murphy sold 4,099 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now owns 42,311 shares in the company, valued at approximately $4,892,420.93. This trade represents a 8.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO David A. Dykstra sold 15,492 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $115.48, for a total value of $1,789,016.16. Following the sale, the chief operating officer now owns 197,591 shares in the company, valued at approximately $22,817,808.68. This represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,198 shares of company stock valued at $2,445,314 in the last ninety days. Company 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.