Westfield Capital Management Co. LP Buys 28,727 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Westfield Capital Management Co. LP boosted its position in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 13.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 237,311 shares of the bank’s stock after buying an additional 28,727 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Wintrust Financial were worth $25,755,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its stake in shares of Wintrust Financial by 825.0% in the second quarter. Versant Capital Management Inc now owns 296 shares of the bank’s stock valued at $29,000 after purchasing an additional 264 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Wintrust Financial in the 3rd quarter valued at $35,000. UMB Bank n.a. raised its stake in shares of Wintrust Financial by 62.0% in the 3rd quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock valued at $56,000 after buying an additional 196 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Wintrust Financial by 77.9% during the 3rd quarter. Covestor Ltd now owns 653 shares of the bank’s stock worth $71,000 after acquiring an additional 286 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Wintrust Financial by 62.6% during the 2nd quarter. GAMMA Investing LLC now owns 818 shares of the bank’s stock valued at $81,000 after acquiring an additional 315 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wintrust Financial Price Performance

Wintrust Financial stock opened at $137.08 on Monday. The stock has a market cap of $9.11 billion, a price-to-earnings ratio of 14.35 and a beta of 1.15. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. Wintrust Financial Co. has a 12-month low of $82.90 and a 12-month high of $137.32. The business’s 50-day simple moving average is $116.10 and its 200 day simple moving average is $106.27.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data 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). The business had revenue of $615.73 million during the quarter, compared to the consensus estimate of $623.45 million. Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. Wintrust Financial’s revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.53 earnings per share. As a group, research analysts anticipate 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 was paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, November 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.31%. Wintrust Financial’s payout ratio is currently 18.85%.

Insider Activity

In related news, insider Richard B. Murphy sold 4,099 shares of Wintrust Financial 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 sale, the insider now owns 42,311 shares of the company’s stock, valued at approximately $4,892,420.93. This trade represents a 8.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO David A. Dykstra sold 15,492 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following the transaction, the chief operating officer now owns 197,591 shares of the company’s stock, valued at $22,817,808.68. The trade was a 7.27 % decrease in their position. 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. 1.47% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WTFC. Wedbush reissued an “outperform” rating and issued a $130.00 price target on shares of Wintrust Financial in a research report on Tuesday, October 22nd. DA Davidson raised their target price on Wintrust Financial from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Truist Financial upped their price target on Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Piper Sandler lifted their price objective on Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Citigroup increased their target price on shares of Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $123.00.

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.