Wintrust Financial Corporation $WTFC Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its position in Wintrust Financial Corporation (NASDAQ:WTFC) by 1.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,273,042 shares of the bank’s stock after buying an additional 16,997 shares during the quarter. Geode Capital Management LLC’s holdings in Wintrust Financial were worth $178,038,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of WTFC. Wellington Management Group LLP acquired a new position in Wintrust Financial in the 3rd quarter valued at $90,187,000. Artemis Investment Management LLP acquired a new position in Wintrust Financial in the 4th quarter valued at $59,287,000. Verition Fund Management LLC increased its stake in Wintrust Financial by 172.4% in the 3rd quarter. Verition Fund Management LLC now owns 238,210 shares of the bank’s stock valued at $31,549,000 after buying an additional 150,768 shares during the period. M&T Bank Corp increased its stake in Wintrust Financial by 744.8% in the 4th quarter. M&T Bank Corp now owns 139,139 shares of the bank’s stock valued at $19,454,000 after buying an additional 122,669 shares during the period. Finally, Clark Capital Management Group Inc. increased its stake in Wintrust Financial by 27.1% in the 3rd quarter. Clark Capital Management Group Inc. now owns 572,816 shares of the bank’s stock valued at $75,864,000 after buying an additional 122,221 shares during the period. 93.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO David A. Dykstra sold 9,579 shares of the business’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $148.82, for a total value of $1,425,546.78. Following the sale, the chief operating officer directly owned 179,810 shares in the company, valued at $26,759,324.20. The trade was a 5.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Suzet M. Mckinney sold 500 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $148.96, for a total transaction of $74,480.00. Following the completion of the sale, the director owned 3,303 shares in the company, valued at $492,014.88. This represents a 13.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 13,099 shares of company stock worth $1,954,386 in the last three months. Corporate insiders own 1.24% of the company’s stock.

Wintrust Financial Price Performance

Wintrust Financial stock opened at $148.02 on Thursday. Wintrust Financial Corporation has a 52 week low of $116.57 and a 52 week high of $162.96. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62. The firm’s 50-day simple moving average is $146.23 and its 200 day simple moving average is $143.96. The firm has a market capitalization of $9.98 billion, a PE ratio of 12.41 and a beta of 0.84.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Monday, April 20th. The bank reported $3.22 EPS for the quarter, topping the consensus estimate of $2.96 by $0.26. Wintrust Financial had a net margin of 20.11% and a return on equity of 13.15%. The business had revenue of $713.17 million for the quarter, compared to analyst estimates of $707.23 million. During the same period in the previous year, the firm earned $2.69 EPS. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, equities research analysts predict that Wintrust Financial Corporation will post 13.07 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were given a $0.55 dividend. The ex-dividend date was Thursday, May 14th. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. Wintrust Financial’s payout ratio is currently 18.44%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WTFC. Piper Sandler reissued an “overweight” rating and issued a $188.00 price objective (up from $184.00) on shares of Wintrust Financial in a research note on Wednesday, April 22nd. Royal Bank Of Canada upped their price target on shares of Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Stephens assumed coverage on shares of Wintrust Financial in a research note on Friday, March 27th. They set an “equal weight” rating and a $160.00 price target on the stock. TD Cowen upped their price target on shares of Wintrust Financial from $173.00 to $176.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Finally, UBS Group reaffirmed a “buy” rating and set a $176.00 price target on shares of Wintrust Financial in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Wintrust Financial has an average rating of “Moderate Buy” and a consensus price target of $168.92.

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.