Janney Montgomery Scott LLC Grows Stake in Wintrust Financial Co. (NASDAQ:WTFC)

Janney Montgomery Scott LLC grew its holdings in Wintrust Financial Co. (NASDAQ:WTFCGet Rating) by 23.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,236 shares of the bank’s stock after purchasing an additional 797 shares during the period. Janney Montgomery Scott LLC’s holdings in Wintrust Financial were worth $345,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Texas Permanent School Fund raised its position in shares of Wintrust Financial by 0.3% in the third quarter. Texas Permanent School Fund now owns 43,685 shares of the bank’s stock valued at $3,563,000 after purchasing an additional 128 shares during the period. AE Wealth Management LLC bought a new stake in shares of Wintrust Financial in the third quarter valued at approximately $562,000. John W. Rosenthal Capital Management Inc. bought a new stake in shares of Wintrust Financial in the third quarter valued at approximately $6,346,000. Eqis Capital Management Inc. raised its position in shares of Wintrust Financial by 8.3% in the third quarter. Eqis Capital Management Inc. now owns 3,686 shares of the bank’s stock valued at $301,000 after purchasing an additional 283 shares during the period. Finally, Granite Investment Partners LLC raised its position in shares of Wintrust Financial by 0.5% in the third quarter. Granite Investment Partners LLC now owns 85,014 shares of the bank’s stock valued at $6,933,000 after purchasing an additional 443 shares during the period. Institutional investors own 89.47% of the company’s stock.

Insiders Place Their Bets

In other Wintrust Financial news, CFO David L. Stoehr sold 2,215 shares of the business’s stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $92.45, for a total value of $204,776.75. Following the completion of the transaction, the chief financial officer now owns 11,266 shares of the company’s stock, valued at approximately $1,041,541.70. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.41% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. StockNews.com lowered shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Saturday, November 19th. Stephens upped their target price on shares of Wintrust Financial from $107.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, October 20th. Truist Financial decreased their target price on shares of Wintrust Financial from $112.00 to $102.00 in a report on Friday, December 9th. Raymond James decreased their target price on shares of Wintrust Financial from $118.00 to $110.00 and set a “strong-buy” rating on the stock in a report on Friday, January 20th. Finally, Royal Bank of Canada upped their target price on shares of Wintrust Financial from $109.00 to $115.00 and gave the stock an “outperform” rating in a report on Thursday, October 20th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $108.78.

Wintrust Financial Price Performance

WTFC stock opened at $88.06 on Wednesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.99 and a quick ratio of 0.98. Wintrust Financial Co. has a one year low of $76.13 and a one year high of $105.56. The stock has a market cap of $5.35 billion, a PE ratio of 11.01, a P/E/G ratio of 0.48 and a beta of 1.19. The firm has a 50 day simple moving average of $85.94 and a two-hundred day simple moving average of $86.67.

Wintrust Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 25th. Shareholders of record on Thursday, November 10th were paid a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, November 9th. This represents a $1.36 dividend on an annualized basis and a yield of 1.54%. Wintrust Financial’s dividend payout ratio is presently 17.00%.

About Wintrust Financial

(Get Rating)

Wintrust Financial Corp. is a bank holding company, which engages in the provision of banking and financial services. It operates through the following segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment provides community-oriented, personal, and commercial banking services to customers located in its market area.

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

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