Wintrust Financial Corporation $WTFC Shares Acquired by Aberdeen Group plc

Aberdeen Group plc raised its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 1.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 495,796 shares of the bank’s stock after purchasing an additional 8,026 shares during the period. Aberdeen Group plc owned 0.74% of Wintrust Financial worth $65,663,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Wintrust Financial during the second quarter worth approximately $87,418,000. Thrivent Financial for Lutherans raised its stake in Wintrust Financial by 417.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 506,766 shares of the bank’s stock valued at $67,116,000 after acquiring an additional 408,925 shares in the last quarter. Azora Capital LP acquired a new position in Wintrust Financial during the 2nd quarter worth $44,085,000. Jennison Associates LLC grew its stake in shares of Wintrust Financial by 16.0% in the second quarter. Jennison Associates LLC now owns 936,834 shares of the bank’s stock worth $116,149,000 after purchasing an additional 129,444 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. acquired a new position in shares of Wintrust Financial during the second quarter valued at $15,002,000. Institutional investors own 93.48% of the company’s stock.

Analysts Set New Price Targets

WTFC has been the subject of several research analyst reports. Barclays upped their price objective on shares of Wintrust Financial from $178.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. UBS Group restated a “buy” rating and set a $176.00 price target on shares of Wintrust Financial in a research report on Wednesday, February 4th. Royal Bank Of Canada increased their price objective 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. Piper Sandler raised their price objective on shares of Wintrust Financial from $161.00 to $184.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. Finally, Citigroup upped their target price on Wintrust Financial from $167.00 to $178.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $165.31.

Insider Buying and Selling

In other Wintrust Financial news, EVP Jeffrey D. Hahnfeld sold 314 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $145.43, for a total transaction of $45,665.02. Following the transaction, the executive vice president directly owned 1,947 shares in the company, valued at approximately $283,152.21. The trade was a 13.89% decrease in their position. 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 the business’s 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 sale, the executive vice president directly owned 22,883 shares in the company, valued at approximately $3,349,613.54. This trade represents a 17.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 11,662 shares of company stock valued at $1,705,730. Company insiders own 1.01% of the company’s stock.

Wintrust Financial Stock Performance

WTFC opened at $153.74 on Monday. 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 $10.30 billion, a PE ratio of 13.49 and a beta of 0.88. The business has a fifty day simple moving average of $146.27 and a 200-day simple moving average of $136.45. Wintrust Financial Corporation has a fifty-two week low of $89.10 and a fifty-two week high of $162.96.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Tuesday, January 20th. The bank reported $3.15 earnings per share (EPS) for the quarter, topping 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 company had revenue of $714.26 million for the quarter, compared to analyst estimates of $700.85 million. During the same period in the previous year, the firm earned $2.63 earnings per share. As a group, equities analysts predict that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th will be paid a dividend of $0.55 per share. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.50. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, February 5th. Wintrust Financial’s payout ratio is currently 19.30%.

Wintrust Financial Profile

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.