Truist Financial Corp Decreases Stock Holdings in Wintrust Financial Corporation $WTFC

Truist Financial Corp lowered its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 2.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,061 shares of the bank’s stock after selling 980 shares during the period. Truist Financial Corp owned 0.07% of Wintrust Financial worth $5,587,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of WTFC. Maseco LLP purchased a new stake in Wintrust Financial during the 2nd quarter worth about $25,000. Park Place Capital Corp increased its holdings in shares of Wintrust Financial by 1,264.7% in the 1st quarter. Park Place Capital Corp now owns 232 shares of the bank’s stock valued at $26,000 after acquiring an additional 215 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of Wintrust Financial during the 1st quarter worth about $27,000. AlphaQuest LLC purchased a new stake in Wintrust Financial during the first quarter worth approximately $33,000. Finally, Wayfinding Financial LLC acquired a new position in Wintrust Financial in the first quarter valued at approximately $36,000. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $132.64 on Tuesday. The stock’s 50-day moving average price is $132.11 and its 200 day moving average price is $122.95. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $8.88 billion, a PE ratio of 12.55 and a beta of 0.83. Wintrust Financial Corporation has a 52-week low of $89.10 and a 52-week high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Monday, July 21st. The bank reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.19. The company had revenue of $670.78 million during the quarter, compared to analysts’ expectations of $661.43 million. Wintrust Financial had a return on equity of 12.08% and a net margin of 18.06%.During the same period last year, the firm earned $2.32 EPS. As a group, equities research analysts forecast that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Wintrust Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Thursday, August 7th. Wintrust Financial’s dividend payout ratio (DPR) is 18.92%.

Insiders Place Their Bets

In other Wintrust Financial news, COO David A. Dykstra sold 14,942 shares of the business’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $131.53, for a total value of $1,965,321.26. Following the transaction, the chief operating officer directly owned 182,208 shares of the company’s stock, valued at approximately $23,965,818.24. The trade was a 7.58% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Edward J. Wehmer bought 3,919 shares of Wintrust Financial stock in a transaction dated Friday, July 25th. The stock was purchased at an average price of $26.35 per share, with a total value of $103,265.65. Following the purchase, the insider directly owned 3,919 shares in the company, valued at approximately $103,265.65. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.01% of the company’s stock.

Wall Street Analysts Forecast Growth

WTFC has been the topic of a number of research analyst reports. Truist Financial raised their price objective on shares of Wintrust Financial from $137.00 to $151.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Wall Street Zen upgraded shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. Barclays reissued an “overweight” rating and issued a $162.00 price target (up from $145.00) on shares of Wintrust Financial in a research report on Tuesday, July 8th. TD Cowen assumed coverage on Wintrust Financial in a research report on Thursday, September 25th. They set a “buy” rating and a $166.00 target price on the stock. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Wintrust Financial in a report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.64.

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.