State of Alaska Department of Revenue Sells 660 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

State of Alaska Department of Revenue lessened its holdings in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 9.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 6,613 shares of the bank’s stock after selling 660 shares during the period. State of Alaska Department of Revenue’s holdings in Wintrust Financial were worth $613,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Belpointe Asset Management LLC raised its position in Wintrust Financial by 106.2% during the first quarter. Belpointe Asset Management LLC now owns 365 shares of the bank’s stock valued at $27,000 after acquiring an additional 188 shares in the last quarter. Coppell Advisory Solutions Corp. acquired a new position in Wintrust Financial during the fourth quarter valued at approximately $44,000. McGlone Suttner Wealth Management Inc. acquired a new position in Wintrust Financial during the fourth quarter valued at approximately $46,000. Quarry LP grew its holdings in Wintrust Financial by 36.1% during the first quarter. Quarry LP now owns 663 shares of the bank’s stock valued at $48,000 after purchasing an additional 176 shares during the last quarter. Finally, Huntington National Bank grew its holdings in Wintrust Financial by 30.6% during the third quarter. Huntington National Bank now owns 725 shares of the bank’s stock valued at $55,000 after purchasing an additional 170 shares during the last quarter. Institutional investors own 93.48% of the company’s stock.

Insider Buying and Selling at Wintrust Financial

In other news, insider Edward J. Wehmer sold 9,500 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total value of $943,920.00. Following the sale, the insider now owns 177,124 shares in the company, valued at approximately $17,599,040.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Jeffrey D. Hahnfeld sold 588 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total value of $57,553.44. Following the sale, the executive vice president now owns 3,410 shares in the company, valued at approximately $333,770.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward J. Wehmer sold 9,500 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total transaction of $943,920.00. Following the completion of the sale, the insider now owns 177,124 shares in the company, valued at approximately $17,599,040.64. The disclosure for this sale can be found here. Insiders own 1.39% of the company’s stock.

Wintrust Financial Trading Down 0.7 %

Shares of Wintrust Financial stock opened at $97.59 on Friday. The firm has a market capitalization of $6.03 billion, a PE ratio of 10.19 and a beta of 1.21. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.99 and a quick ratio of 0.99. The company’s fifty day moving average price is $97.80 and its two-hundred day moving average price is $89.88. Wintrust Financial Co. has a 52-week low of $58.12 and a 52-week high of $105.29.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Thursday, January 18th. The bank reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.42 by ($0.55). The business had revenue of $570.80 million during the quarter, compared to the consensus estimate of $578.89 million. Wintrust Financial had a net margin of 18.71% and a return on equity of 13.23%. During the same period last year, the firm earned $2.23 EPS. On average, analysts expect that Wintrust Financial Co. will post 9.93 EPS for the current year.

Wintrust Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.84%. The ex-dividend date was Wednesday, February 7th. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.40. Wintrust Financial’s payout ratio is 18.79%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on WTFC shares. Raymond James increased their price target on Wintrust Financial from $95.00 to $115.00 and gave the company a “strong-buy” rating in a report on Friday, January 19th. UBS Group increased their price target on Wintrust Financial from $105.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. Keefe, Bruyette & Woods increased their price target on Wintrust Financial from $103.00 to $106.00 and gave the company an “outperform” rating in a report on Friday, January 19th. Truist Financial increased their price target on Wintrust Financial from $111.00 to $117.00 and gave the company a “buy” rating in a report on Monday, April 1st. Finally, StockNews.com lowered shares of Wintrust Financial from a “hold” rating to a “sell” rating in a research report on Sunday, March 31st. One investment analyst has rated the stock with a sell rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $111.17.

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.