Wintrust Financial Co. (NASDAQ:WTFC) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its position in shares of Wintrust Financial Co. (NASDAQ:WTFCGet Rating) by 2.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,751 shares of the bank’s stock after selling 2,541 shares during the period. California Public Employees Retirement System owned approximately 0.21% of Wintrust Financial worth $10,159,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of WTFC. Pinebridge Investments L.P. increased its position in shares of Wintrust Financial by 307.0% during the second quarter. Pinebridge Investments L.P. now owns 407 shares of the bank’s stock worth $33,000 after acquiring an additional 307 shares during the period. Quadrant Capital Group LLC increased its position in shares of Wintrust Financial by 31.8% during the first quarter. Quadrant Capital Group LLC now owns 730 shares of the bank’s stock worth $68,000 after acquiring an additional 176 shares during the period. Trust Co. of Vermont purchased a new stake in shares of Wintrust Financial during the second quarter worth $80,000. Convergence Investment Partners LLC purchased a new stake in shares of Wintrust Financial during the second quarter worth $125,000. Finally, Journey Strategic Wealth LLC purchased a new stake in shares of Wintrust Financial during the first quarter worth $204,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Insider Transactions at Wintrust Financial

In other news, CFO David L. Stoehr sold 2,215 shares of the stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $92.45, for a total transaction of $204,776.75. Following the completion of the sale, the chief financial officer now owns 11,266 shares in the company, valued at $1,041,541.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on WTFC shares. DA Davidson reaffirmed a “buy” rating on shares of Wintrust Financial in a research report on Wednesday, July 27th. UBS Group upped their price objective on Wintrust Financial to $100.00 in a research report on Wednesday, November 16th. StockNews.com lowered Wintrust Financial from a “buy” rating to a “hold” rating in a report on Saturday. Truist Financial increased their target price on Wintrust Financial from $100.00 to $112.00 and gave the company a “buy” rating in a report on Thursday, October 20th. Finally, Wedbush increased their target price on Wintrust Financial from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, October 19th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Wintrust Financial currently has an average rating of “Moderate Buy” and a consensus price target of $110.88.

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $89.42 on Tuesday. The stock’s 50-day moving average is $88.61 and its two-hundred day moving average is $85.83. The firm has a market cap of $5.43 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 0.62 and a beta of 1.21. Wintrust Financial Co. has a 1 year low of $76.13 and a 1 year high of $105.56. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.99 and a current ratio of 1.00.

Wintrust Financial (NASDAQ:WTFCGet Rating) last issued its quarterly earnings data on Wednesday, October 19th. The bank reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.14. The company had revenue of $502.93 million for the quarter, compared to analyst estimates of $497.95 million. Wintrust Financial had a return on equity of 11.10% and a net margin of 23.23%. The business’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.77 earnings per share. Analysts predict that Wintrust Financial Co. will post 8.39 earnings per share for the current year.

Wintrust Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 25th. Shareholders of record on Thursday, November 10th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Wednesday, November 9th. Wintrust Financial’s payout ratio is 18.50%.

Wintrust Financial Company Profile

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for Wintrust Financial (NASDAQ:WTFC)

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