Parkside Financial Bank & Trust Has $168,000 Stock Position in Wintrust Financial Co. (NASDAQ:WTFC)

Parkside Financial Bank & Trust lowered its stake in Wintrust Financial Co. (NASDAQ:WTFC) by 12.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,345 shares of the bank’s stock after selling 193 shares during the period. Parkside Financial Bank & Trust’s holdings in Wintrust Financial were worth $168,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in shares of Wintrust Financial during the 3rd quarter worth approximately $35,000. Global Retirement Partners LLC grew its position in shares of Wintrust Financial by 63.5% during the 4th quarter. Global Retirement Partners LLC now owns 376 shares of the bank’s stock worth $47,000 after purchasing an additional 146 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Wintrust Financial during the 3rd quarter worth approximately $61,000. Versant Capital Management Inc grew its position in shares of Wintrust Financial by 32.1% during the 4th quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock worth $67,000 after purchasing an additional 131 shares in the last quarter. Finally, Covestor Ltd grew its position 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 purchasing an additional 286 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wall Street Analysts Forecast Growth

WTFC has been the topic of a number of analyst reports. Truist Financial upgraded shares of Wintrust Financial to a “strong-buy” rating in a research report on Monday, January 6th. UBS Group assumed coverage on shares of Wintrust Financial in a research report on Tuesday, December 17th. They set a “buy” rating and a $157.00 target price on the stock. Barclays increased their price target on shares of Wintrust Financial from $151.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Royal Bank of Canada reiterated an “outperform” rating and set a $152.00 price target on shares of Wintrust Financial in a research report on Thursday, January 23rd. Finally, Raymond James reiterated a “strong-buy” rating and set a $150.00 price target (up previously from $135.00) on shares of Wintrust Financial in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $133.69.

Insider Activity

In other news, COO David A. Dykstra sold 4,213 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $131.31, for a total transaction of $553,209.03. Following the completion of the transaction, the chief operating officer now owns 206,294 shares of the company’s stock, valued at approximately $27,088,465.14. This trade represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David L. Stoehr sold 2,363 shares of the firm’s 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 of the company’s stock, valued at $2,607,752.56. The trade was a 10.63 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,178 shares of company stock valued at $1,336,315. Insiders own 1.47% of the company’s stock.

Wintrust Financial Price Performance

Shares of NASDAQ:WTFC opened at $124.47 on Friday. The company has a market cap of $8.28 billion, a price-to-earnings ratio of 12.07 and a beta of 1.19. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.00. The firm has a 50 day simple moving average of $128.69 and a 200 day simple moving average of $121.07. Wintrust Financial Co. has a one year low of $91.38 and a one year high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Tuesday, January 21st. The bank reported $2.63 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 period in the prior year, the business posted $1.87 earnings per share. Research analysts predict that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $2.00 annualized dividend and a dividend yield of 1.61%. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.45. Wintrust Financial’s dividend payout ratio (DPR) is presently 19.40%.

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.