Barclays PLC Has $21.97 Million Position in Wintrust Financial Corporation $WTFC

Barclays PLC increased its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 13.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 165,883 shares of the bank’s stock after purchasing an additional 19,688 shares during the quarter. Barclays PLC owned 0.25% of Wintrust Financial worth $21,970,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of WTFC. Advisors Asset Management Inc. bought a new position in shares of Wintrust Financial in the 1st quarter worth about $27,000. Jones Financial Companies Lllp grew its stake in 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 purchasing an additional 335 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Wintrust Financial by 7.2% in 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 purchasing an additional 12,103 shares in the last quarter. Bank of Montreal Can increased its holdings in Wintrust Financial by 1.2% in the second quarter. Bank of Montreal Can now owns 35,578 shares of the bank’s stock worth $4,411,000 after purchasing an additional 411 shares in the last quarter. Finally, Savant Capital LLC lifted its stake in Wintrust Financial by 201.9% in the second quarter. Savant Capital LLC now owns 6,060 shares of the bank’s stock valued at $751,000 after buying an additional 4,053 shares during the period. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Price Performance

Shares of NASDAQ WTFC opened at $134.67 on Thursday. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.66. The stock has a fifty day simple moving average of $148.23 and a two-hundred day simple moving average of $138.91. Wintrust Financial Corporation has a 1-year low of $89.10 and a 1-year high of $162.96. The firm has a market cap of $9.06 billion, a price-to-earnings ratio of 11.81 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 for the quarter, beating the consensus estimate of $2.93 by $0.22. The company 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 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 declared a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 5th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.6%. The ex-dividend date was Thursday, February 5th. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.50. Wintrust Financial’s dividend payout ratio is 19.30%.

Analyst Ratings Changes

Several research firms have recently weighed in on WTFC. DA Davidson lifted their price objective on shares of Wintrust Financial from $165.00 to $172.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Piper Sandler raised their price target on shares of Wintrust Financial from $161.00 to $184.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. Stephens lifted their price target on shares of Wintrust Financial from $158.00 to $162.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. UBS Group reiterated a “buy” rating and set a $176.00 price objective on shares of Wintrust Financial in a report on Wednesday, February 4th. Finally, Barclays raised their target price on Wintrust Financial from $178.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.31.

Insider Buying and Selling at Wintrust Financial

In related news, CFO David L. Stoehr sold 2,499 shares of the company’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $146.16, for a total transaction of $365,253.84. Following the completion of the sale, the chief financial officer directly owned 18,638 shares in the company, valued at $2,724,130.08. This represents a 11.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jeffrey D. Hahnfeld sold 314 shares of the stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $145.43, for a total value of $45,665.02. Following the completion of the sale, the executive vice president owned 1,947 shares of the company’s stock, valued at approximately $283,152.21. This trade represents a 13.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 11,662 shares of company stock worth $1,705,730 over the last quarter. Company insiders own 1.01% of the company’s stock.

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.