Wintrust Financial Co. (NASDAQ:WTFC) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 2,131.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 73,913 shares of the bank’s stock after purchasing an additional 70,601 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Wintrust Financial were worth $6,855,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of WTFC. Northwestern Mutual Wealth Management Co. grew its position in Wintrust Financial by 4.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,015 shares of the bank’s stock worth $255,000 after purchasing an additional 123 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Wintrust Financial by 6.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,048 shares of the bank’s stock worth $172,000 after buying an additional 126 shares during the period. Advisor Group Holdings Inc. grew its holdings in shares of Wintrust Financial by 3.4% during the fourth quarter. Advisor Group Holdings Inc. now owns 4,135 shares of the bank’s stock valued at $351,000 after buying an additional 135 shares during the last quarter. Treasurer of the State of North Carolina increased its position in shares of Wintrust Financial by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 26,713 shares of the bank’s stock valued at $2,017,000 after acquiring an additional 140 shares during the period. Finally, Signaturefd LLC raised its stake in Wintrust Financial by 5.3% in the 3rd quarter. Signaturefd LLC now owns 3,028 shares of the bank’s stock worth $229,000 after acquiring an additional 153 shares during the last quarter. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wintrust Financial Trading Up 0.5 %

WTFC stock opened at $94.96 on Thursday. Wintrust Financial Co. has a 52-week low of $58.12 and a 52-week high of $105.29. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.73. The firm has a market cap of $5.86 billion, a P/E ratio of 9.91 and a beta of 1.21. The company’s 50-day simple moving average is $98.06 and its 200-day simple moving average is $90.54.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Thursday, January 18th. The bank reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.55). Wintrust Financial had a return on equity of 13.23% and a net margin of 18.71%. The business had revenue of $570.80 million for the quarter, compared to analysts’ expectations of $578.89 million. During the same quarter in the prior year, the company posted $2.23 EPS. As a group, equities analysts forecast that Wintrust Financial Co. will post 9.9 EPS for the current fiscal year.

Wintrust Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were given a dividend of $0.45 per share. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.90%. Wintrust Financial’s dividend payout ratio (DPR) is 18.79%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on WTFC shares. Truist Financial boosted their price target on Wintrust Financial from $111.00 to $117.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Jefferies Financial Group increased their price target on shares of Wintrust Financial from $114.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, April 8th. StockNews.com cut shares of Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Sunday, March 31st. Royal Bank of Canada increased their price objective on shares of Wintrust Financial from $109.00 to $116.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. Finally, Wedbush restated an “outperform” rating and set a $110.00 target price on shares of Wintrust Financial in a research report on Thursday, January 18th. One equities research 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.83.

Insider Activity at Wintrust Financial

In other Wintrust Financial news, EVP Jeffrey D. Hahnfeld sold 588 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total transaction of $57,553.44. Following the completion of the transaction, the executive vice president now directly owns 3,410 shares in the company, valued at $333,770.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Jeffrey D. Hahnfeld sold 588 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total value of $57,553.44. Following the transaction, the executive vice president now directly owns 3,410 shares of the company’s stock, valued at approximately $333,770.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Edward J. Wehmer sold 9,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was 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 of the company’s stock, valued at $17,599,040.64. The disclosure for this sale can be found here. 1.47% of the stock is owned by corporate insiders.

Wintrust Financial Company 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.