Fiera Capital Corp Decreases Position in Wintrust Financial Corporation $WTFC

Fiera Capital Corp reduced its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 402,823 shares of the bank’s stock after selling 8,828 shares during the period. Fiera Capital Corp owned 0.60% of Wintrust Financial worth $53,350,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. purchased a new stake in shares of Wintrust Financial during the first quarter worth approximately $27,000. Jones Financial Companies Lllp grew its holdings in shares of Wintrust Financial by 49.0% during the first quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank’s stock worth $115,000 after buying an additional 335 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Wintrust Financial by 7.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 179,430 shares of the bank’s stock worth $20,179,000 after buying an additional 12,103 shares in the last quarter. CWM LLC raised its position in shares of Wintrust Financial by 13.8% in the second quarter. CWM LLC now owns 1,398 shares of the bank’s stock valued at $173,000 after buying an additional 169 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Wintrust Financial in the second quarter worth about $675,000. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Royal Bank Of Canada upped their price objective on shares of Wintrust Financial from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Wintrust Financial in a research report on Wednesday, January 21st. Citigroup increased their price target on Wintrust Financial from $167.00 to $178.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Stephens lifted their price objective on Wintrust Financial from $158.00 to $162.00 and gave the stock an “overweight” rating in a research report on Thursday, January 22nd. Finally, Piper Sandler upped their target price on Wintrust Financial from $161.00 to $184.00 and gave the company an “overweight” rating in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $165.31.

Wintrust Financial Price Performance

WTFC stock opened at $153.49 on Friday. Wintrust Financial Corporation has a 52-week low of $89.10 and a 52-week high of $162.96. 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 stock has a market cap of $10.28 billion, a price-to-earnings ratio of 13.46 and a beta of 0.88. The business has a fifty day moving average of $147.46 and a two-hundred day moving average of $137.08.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Tuesday, January 20th. The bank reported $3.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.93 by $0.22. The business had revenue of $714.26 million during the quarter, compared to analysts’ expectations of $700.85 million. Wintrust Financial had a return on equity of 12.95% and a net margin of 19.48%.During the same period in the prior year, the business posted $2.63 EPS. As a group, research 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 declared a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th were given 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 dividend yield of 1.4%. The ex-dividend date was Thursday, February 5th. Wintrust Financial’s dividend payout ratio (DPR) is 19.30%.

Insiders Place Their Bets

In other news, insider David Eric Lee sold 558 shares of the firm’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $147.42, for a total transaction of $82,260.36. Following the completion of the transaction, the insider directly owned 16,085 shares in the company, valued at $2,371,250.70. This trade represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 value of $731,900.00. Following the completion of the sale, the executive vice president directly owned 22,883 shares of the company’s stock, valued at $3,349,613.54. The trade was a 17.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 11,662 shares of company stock worth $1,705,730. Insiders own 1.01% of the company’s stock.

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.