US Bancorp DE Has $2.86 Million Stake in Wintrust Financial Co. (NASDAQ:WTFC)

US Bancorp DE cut its position in shares of Wintrust Financial Co. (NASDAQ:WTFCFree Report) by 12.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,804 shares of the bank’s stock after selling 4,579 shares during the quarter. US Bancorp DE owned 0.05% of Wintrust Financial worth $2,857,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Journey Strategic Wealth LLC acquired a new position in shares of Wintrust Financial in the 4th quarter valued at about $204,000. Assetmark Inc. grew its holdings in Wintrust Financial by 210,500.0% during the fourth quarter. Assetmark Inc. now owns 2,106 shares of the bank’s stock valued at $195,000 after purchasing an additional 2,105 shares during the period. Corient Private Wealth LLC purchased a new stake in shares of Wintrust Financial during the fourth quarter worth $541,000. Clearbridge Investments LLC lifted its position in shares of Wintrust Financial by 5.9% during the fourth quarter. Clearbridge Investments LLC now owns 258,610 shares of the bank’s stock worth $23,986,000 after acquiring an additional 14,409 shares in the last quarter. Finally, Coldstream Capital Management Inc. lifted its position in shares of Wintrust Financial by 18.1% during the fourth quarter. Coldstream Capital Management Inc. now owns 4,374 shares of the bank’s stock worth $406,000 after acquiring an additional 670 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WTFC. Wedbush reiterated an “outperform” rating and issued a $116.00 price objective on shares of Wintrust Financial in a research report on Thursday, April 18th. raised Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th. Royal Bank of Canada lifted their price target on Wintrust Financial from $109.00 to $116.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. Truist Financial decreased their price objective on Wintrust Financial from $117.00 to $112.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Finally, Citigroup reduced their target price on Wintrust Financial from $115.00 to $113.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Wintrust Financial currently has a consensus rating of “Buy” and a consensus price target of $112.33.

Read Our Latest Report on WTFC

Wintrust Financial Stock Up 1.5 %

WTFC stock opened at $97.72 on Friday. The stock has a market capitalization of $6.03 billion, a P/E ratio of 10.11 and a beta of 1.21. The firm has a 50-day simple moving average of $99.70 and a 200-day simple moving average of $95.56. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.78. Wintrust Financial Co. has a 52 week low of $62.87 and a 52 week high of $105.29.

Wintrust Financial (NASDAQ:WTFCGet Free Report) last issued its quarterly earnings data on Thursday, April 18th. The bank reported $2.89 EPS for the quarter, topping the consensus estimate of $2.42 by $0.47. Wintrust Financial had a net margin of 17.86% and a return on equity of 13.09%. The firm had revenue of $604.77 million for the quarter, compared to analyst estimates of $577.80 million. During the same period in the prior year, the business posted $2.80 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities analysts forecast that Wintrust Financial Co. will post 10.14 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 9th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend was Wednesday, May 8th. Wintrust Financial’s dividend payout ratio is currently 18.61%.

Insider Buying and Selling

In related news, insider Edward J. Wehmer sold 9,500 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total value of $943,920.00. Following the completion of the sale, the insider now 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 can be accessed through the SEC website. 1.47% of the stock is owned by company insiders.

Wintrust Financial Company Profile

(Free Report)

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.

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

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