Cornerstone Planning Group LLC Increases Position in Wintrust Financial Corporation $WTFC

Cornerstone Planning Group LLC increased its holdings in Wintrust Financial Corporation (NASDAQ:WTFC) by 73,013.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 42,406 shares of the bank’s stock after purchasing an additional 42,348 shares during the quarter. Wintrust Financial accounts for about 0.7% of Cornerstone Planning Group LLC’s holdings, making the stock its 23rd largest holding. Cornerstone Planning Group LLC owned 0.06% of Wintrust Financial worth $5,616,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Advisors Asset Management Inc. purchased a new stake in Wintrust Financial during the 1st quarter valued at about $27,000. Root Financial Partners LLC acquired a new position in shares of Wintrust Financial during the 3rd quarter worth approximately $27,000. REAP Financial Group LLC grew its position in shares of Wintrust Financial by 196.0% in the second quarter. REAP Financial Group LLC now owns 296 shares of the bank’s stock valued at $37,000 after purchasing an additional 196 shares in the last quarter. State of Wyoming acquired a new stake in shares of Wintrust Financial in the second quarter valued at approximately $41,000. Finally, Quent Capital LLC purchased a new position in Wintrust Financial during the third quarter worth approximately $41,000. 93.48% of the stock is owned by institutional investors and hedge funds.

Wintrust Financial Trading Up 1.5%

Shares of Wintrust Financial stock opened at $149.71 on Tuesday. Wintrust Financial Corporation has a fifty-two week low of $89.10 and a fifty-two week high of $155.99. The business’s fifty day moving average is $142.57 and its two-hundred day moving average is $134.96. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The firm has a market cap of $10.03 billion, a PE ratio of 13.13 and a beta of 0.88.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Tuesday, January 20th. The bank reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. Wintrust Financial had a return on equity of 12.95% and a net margin of 19.48%.The business had revenue of $586.67 million during the quarter, compared to the consensus estimate of $700.85 million. During the same quarter in the previous year, the business earned $2.63 earnings per share. Analysts anticipate that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.

Wintrust Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.50. Wintrust Financial’s dividend payout ratio is currently 19.30%.

Insider Activity at Wintrust Financial

In other Wintrust Financial news, insider Richard B. Murphy sold 3,291 shares of the stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $146.05, for a total transaction of $480,650.55. Following the transaction, the insider owned 46,049 shares of the company’s stock, valued at $6,725,456.45. This trade represents a 6.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kathleen M. Boege sold 5,000 shares of Wintrust Financial stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $146.38, for a total transaction of $731,900.00. Following the completion of the transaction, the executive vice president owned 22,883 shares in the company, valued at approximately $3,349,613.54. This trade represents a 17.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 11,104 shares of company stock valued at $1,623,469. Insiders own 1.01% of the company’s stock.

Analyst Upgrades and Downgrades

WTFC has been the subject of several analyst reports. Barclays upped their target price on Wintrust Financial from $178.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, January 22nd. DA Davidson boosted their price target on shares of Wintrust Financial from $165.00 to $172.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Truist Financial raised their price objective on shares of Wintrust Financial from $158.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Royal Bank Of Canada boosted their target price on shares of Wintrust Financial from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Wintrust Financial in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $164.42.

About Wintrust Financial

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.