Sanctuary Advisors LLC Takes Position in Wintrust Financial Corporation $WTFC

Sanctuary Advisors LLC bought a new stake in Wintrust Financial Corporation (NASDAQ:WTFC) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 18,465 shares of the bank’s stock, valued at approximately $2,968,000.

Other institutional investors have also added to or reduced their stakes in the company. Deutsche Bank AG bought a new position in shares of Wintrust Financial in the 2nd quarter worth $8,320,000. GSA Capital Partners LLP bought a new stake in Wintrust Financial during the 2nd quarter valued at $1,437,000. Simplicity Wealth LLC bought a new stake in Wintrust Financial during the 2nd quarter valued at $866,000. F m Investments LLC increased its stake in Wintrust Financial by 61.6% during the 4th quarter. F m Investments LLC now owns 70,857 shares of the bank’s stock valued at $9,907,000 after purchasing an additional 27,013 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its holdings in Wintrust Financial by 22.5% during the fourth quarter. Westfield Capital Management Co. LP now owns 559,762 shares of the bank’s stock worth $78,266,000 after buying an additional 102,798 shares during the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

Wintrust Financial Price Performance

Shares of NASDAQ:WTFC opened at $151.09 on Wednesday. The company has a market capitalization of $10.19 billion, a P/E ratio of 12.14 and a beta of 0.85. The company’s 50-day moving average is $159.57 and its 200 day moving average is $151.26. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.97 and a current ratio of 0.98. Wintrust Financial Corporation has a fifty-two week low of $119.61 and a fifty-two week high of $167.21.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Monday, July 20th. The bank reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.15. The business had revenue of $738.63 million during the quarter, compared to the consensus estimate of $735.36 million. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.78 earnings per share. On average, equities research analysts forecast that Wintrust Financial Corporation will post 13.04 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were paid a dividend of $0.55 per share. The ex-dividend date was Thursday, August 6th. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. Wintrust Financial’s dividend payout ratio (DPR) is presently 17.67%.

Insider Activity at Wintrust Financial

In related news, COO David A. Dykstra sold 13,515 shares of Wintrust Financial stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $162.77, for a total value of $2,199,836.55. Following the sale, the chief operating officer owned 166,449 shares of the company’s stock, valued at approximately $27,092,903.73. The trade was a 7.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of Wintrust Financial from $190.00 to $192.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. Citigroup lowered shares of Wintrust Financial from a “buy” rating to a “hold” rating in a report on Tuesday, July 21st. Piper Sandler set a $186.00 price objective on Wintrust Financial in a research note on Wednesday, July 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Wintrust Financial in a report on Monday, June 29th. Finally, Raymond James Financial started coverage on Wintrust Financial in a research report on Tuesday, July 7th. They set an “outperform” rating and a $180.00 target price on the stock. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $177.77.

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.