Handelsbanken Fonder AB Sells 400 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Handelsbanken Fonder AB lessened its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 3.0% during the 4th quarter, HoldingsChannel reports. The firm owned 12,823 shares of the bank’s stock after selling 400 shares during the quarter. Handelsbanken Fonder AB’s holdings in Wintrust Financial were worth $1,189,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Signaturefd LLC grew its stake in Wintrust Financial by 14.9% in the 4th quarter. Signaturefd LLC now owns 3,479 shares of the bank’s stock valued at $323,000 after buying an additional 451 shares during the last quarter. Greenleaf Trust bought a new stake in Wintrust Financial during the fourth quarter valued at about $247,000. Knights of Columbus Asset Advisors LLC grew its position in shares of Wintrust Financial by 94.6% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 58,682 shares of the bank’s stock valued at $5,443,000 after purchasing an additional 28,521 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of Wintrust Financial by 1.5% in the fourth quarter. Federated Hermes Inc. now owns 788,615 shares of the bank’s stock worth $73,144,000 after purchasing an additional 11,969 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Wintrust Financial by 8.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,786 shares of the bank’s stock worth $1,279,000 after purchasing an additional 1,061 shares during the period. Institutional investors own 93.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods raised their target price 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 reduced their price objective on Wintrust Financial from $117.00 to $112.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Royal Bank of Canada boosted their target price on shares of Wintrust Financial from $109.00 to $116.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. Citigroup reduced their price target on shares of Wintrust Financial from $115.00 to $113.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Finally, Jefferies Financial Group boosted their price objective 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. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $112.33.

Wintrust Financial Trading Down 0.2 %

Shares of Wintrust Financial stock opened at $99.01 on Monday. Wintrust Financial Co. has a 52-week low of $58.12 and a 52-week high of $105.29. The firm has a market capitalization of $6.11 billion, a PE ratio of 10.24 and a beta of 1.21. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.98 and a quick ratio of 0.97. The company’s fifty day moving average price is $98.56 and its two-hundred day moving average price is $91.84.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Thursday, April 18th. The bank reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.47. The business had revenue of $604.77 million for the quarter, compared to analysts’ expectations of $577.80 million. Wintrust Financial had a net margin of 17.86% and a return on equity of 13.09%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.80 earnings per share. On average, analysts expect that Wintrust Financial Co. will post 10.17 EPS for the current year.

Wintrust Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.82%. Wintrust Financial’s payout ratio is presently 18.61%.

Insider Buying and Selling

In other Wintrust Financial news, insider Edward J. Wehmer sold 9,500 shares of the company’s stock in a transaction 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 directly owns 177,124 shares in the company, valued at $17,599,040.64. The sale 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 stock in a transaction dated 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 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 is available at the SEC website. Also, insider Edward J. Wehmer sold 9,500 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 177,124 shares in the company, valued at $17,599,040.64. The disclosure for this sale can be found here. Insiders sold 10,309 shares of company stock worth $1,023,730 in the last 90 days. 1.47% of the stock is owned by company insiders.

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.