Aptus Capital Advisors LLC Boosts Stock Position in Wintrust Financial Corporation $WTFC

Aptus Capital Advisors LLC increased its stake in Wintrust Financial Corporation (NASDAQ:WTFC) by 15.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 86,852 shares of the bank’s stock after purchasing an additional 11,420 shares during the quarter. Aptus Capital Advisors LLC owned about 0.13% of Wintrust Financial worth $11,503,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in WTFC. First Horizon Advisors Inc. grew its holdings in Wintrust Financial by 14.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 689 shares of the bank’s stock valued at $86,000 after buying an additional 86 shares in the last quarter. Cresset Asset Management LLC grew its stake in Wintrust Financial by 2.4% during the third quarter. Cresset Asset Management LLC now owns 3,730 shares of the bank’s stock valued at $494,000 after acquiring an additional 88 shares in the last quarter. Allworth Financial LP increased its holdings in Wintrust Financial by 28.2% during the 2nd quarter. Allworth Financial LP now owns 450 shares of the bank’s stock worth $56,000 after acquiring an additional 99 shares during the period. State of Michigan Retirement System lifted its stake in Wintrust Financial by 0.6% in the 2nd quarter. State of Michigan Retirement System now owns 16,063 shares of the bank’s stock worth $1,991,000 after purchasing an additional 100 shares in the last quarter. Finally, MAI Capital Management boosted its holdings in Wintrust Financial by 13.7% in the 2nd quarter. MAI Capital Management now owns 828 shares of the bank’s stock valued at $103,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wintrust Financial Price Performance

Shares of Wintrust Financial stock opened at $138.07 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.99. Wintrust Financial Corporation has a one year low of $89.10 and a one year high of $162.96. The business’s 50 day simple moving average is $148.51 and its two-hundred day simple moving average is $138.71. The stock has a market capitalization of $9.29 billion, a P/E ratio of 12.11 and a beta of 0.85.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly 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. The business had revenue of $714.26 million for the quarter, compared to analyst estimates of $700.85 million. Wintrust Financial had a net margin of 19.48% and a return on equity of 12.95%. During the same quarter last year, the firm earned $2.63 EPS. Analysts forecast that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Wintrust Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 5th were issued a dividend of $0.55 per share. The ex-dividend date was Thursday, February 5th. This represents a $2.20 dividend on an annualized basis and a yield of 1.6%. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.50. Wintrust Financial’s dividend payout ratio (DPR) is presently 19.30%.

Wall Street Analysts Forecast Growth

WTFC has been the topic of several research analyst reports. Stephens upped their price target on shares of Wintrust Financial from $158.00 to $162.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. DA Davidson boosted their target price on Wintrust Financial from $165.00 to $172.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. TD Cowen upped their target price on Wintrust Financial from $170.00 to $177.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. UBS Group reaffirmed a “buy” rating and issued a $176.00 price target on shares of Wintrust Financial in a report on Wednesday, February 4th. Finally, Truist Financial lifted their price target on Wintrust Financial from $158.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Wintrust Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.31.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial news, CFO David L. Stoehr sold 2,499 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $146.16, for a total transaction of $365,253.84. Following the completion of the transaction, the chief financial officer owned 18,638 shares of the company’s stock, valued at $2,724,130.08. This represents a 11.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David Eric Lee sold 558 shares of Wintrust Financial stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $147.42, for a total value of $82,260.36. Following the completion of the sale, the insider owned 16,085 shares in the company, valued at approximately $2,371,250.70. This represents a 3.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,662 shares of company stock worth $1,705,730 over the last three months. 1.01% of the stock is owned by corporate insiders.

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.