US Bancorp DE Sells 1,130 Shares of Wintrust Financial Corp (WTFC)

US Bancorp DE trimmed its position in Wintrust Financial Corp (NASDAQ:WTFC) by 2.7% in the fourth quarter, HoldingsChannel reports. The firm owned 40,103 shares of the bank’s stock after selling 1,130 shares during the period. US Bancorp DE’s holdings in Wintrust Financial were worth $3,304,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. HighTower Advisors LLC grew its position in Wintrust Financial by 11.5% in the second quarter. HighTower Advisors LLC now owns 6,421 shares of the bank’s stock valued at $492,000 after acquiring an additional 660 shares during the period. Sit Investment Associates Inc. grew its position in Wintrust Financial by 5.5% in the third quarter. Sit Investment Associates Inc. now owns 12,765 shares of the bank’s stock valued at $1,000,000 after acquiring an additional 665 shares during the period. Aperio Group LLC grew its position in Wintrust Financial by 8.0% in the fourth quarter. Aperio Group LLC now owns 10,383 shares of the bank’s stock valued at $855,000 after acquiring an additional 770 shares during the period. Cortina Asset Management LLC grew its position in Wintrust Financial by 0.9% in the third quarter. Cortina Asset Management LLC now owns 98,998 shares of the bank’s stock valued at $7,753,000 after acquiring an additional 869 shares during the period. Finally, Pacer Advisors Inc. grew its position in Wintrust Financial by 11.7% in the third quarter. Pacer Advisors Inc. now owns 8,345 shares of the bank’s stock valued at $653,000 after acquiring an additional 875 shares during the period. Institutional investors and hedge funds own 90.41% of the company’s stock.

A number of brokerages have weighed in on WTFC. FIG Partners upgraded Wintrust Financial from a “market perform” rating to an “outperform” rating in a research report on Friday, February 9th. Hovde Group reiterated a “market perform” rating and issued a $90.00 price target (up from $85.00) on shares of Wintrust Financial in a research report on Thursday, February 8th. BidaskClub cut Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, January 30th. DA Davidson upped their price target on Wintrust Financial to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Finally, SunTrust Banks restated a “hold” rating and set a $94.00 target price on shares of Wintrust Financial in a report on Tuesday, January 9th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $88.67.

In related news, EVP David A. Dykstra sold 11,235 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $87.56, for a total value of $983,736.60. Following the transaction, the executive vice president now owns 39,365 shares in the company, valued at $3,446,799.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Edward J. Wehmer sold 14,173 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $87.66, for a total value of $1,242,405.18. Following the completion of the transaction, the insider now owns 134,864 shares in the company, valued at approximately $11,822,178.24. The disclosure for this sale can be found here. Insiders have sold 30,676 shares of company stock worth $2,687,566 in the last 90 days. Company insiders own 1.97% of the company’s stock.

Shares of Wintrust Financial Corp (WTFC) opened at $83.03 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 1.01. The company has a market capitalization of $4,582.99, a price-to-earnings ratio of 18.61, a PEG ratio of 1.10 and a beta of 0.85. Wintrust Financial Corp has a 1-year low of $64.14 and a 1-year high of $89.34.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Monday, January 22nd. The bank reported $1.17 EPS for the quarter, topping the consensus estimate of $1.13 by $0.04. The company had revenue of $300.14 million for the quarter, compared to analysts’ expectations of $299.47 million. Wintrust Financial had a return on equity of 9.49% and a net margin of 20.35%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.94 earnings per share. research analysts expect that Wintrust Financial Corp will post 5.52 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Wednesday, February 7th. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.14. Wintrust Financial’s dividend payout ratio is presently 17.27%.

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About Wintrust Financial

Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.

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Institutional Ownership by Quarter for Wintrust Financial (NASDAQ:WTFC)

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