Comprehensive Financial Consultants Institutional Inc. Sells 576 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Comprehensive Financial Consultants Institutional Inc. lessened its stake in Wintrust Financial Co. (NASDAQ:WTFC) by 5.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,889 shares of the bank’s stock after selling 576 shares during the period. Comprehensive Financial Consultants Institutional Inc.’s holdings in Wintrust Financial were worth $1,073,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Wintrust Financial by 11.7% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 866 shares of the bank’s stock valued at $85,000 after buying an additional 91 shares in the last quarter. Shaker Investments LLC OH boosted its holdings in Wintrust Financial by 0.3% during the third quarter. Shaker Investments LLC OH now owns 28,928 shares of the bank’s stock valued at $3,140,000 after purchasing an additional 96 shares in the last quarter. US Bancorp DE grew its stake in shares of Wintrust Financial by 0.5% in the 3rd quarter. US Bancorp DE now owns 24,716 shares of the bank’s stock valued at $2,682,000 after purchasing an additional 126 shares during the period. Concurrent Investment Advisors LLC raised its holdings in shares of Wintrust Financial by 1.4% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 10,304 shares of the bank’s stock worth $1,016,000 after buying an additional 145 shares in the last quarter. Finally, Inspire Investing LLC lifted its position in shares of Wintrust Financial by 4.4% during the 2nd quarter. Inspire Investing LLC now owns 3,574 shares of the bank’s stock worth $352,000 after buying an additional 151 shares during the period. 93.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, COO David A. Dykstra sold 15,492 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total value of $1,789,016.16. Following the completion of the transaction, the chief operating officer now directly owns 197,591 shares in the company, valued at approximately $22,817,808.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO David A. Dykstra sold 15,492 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following the transaction, the chief operating officer now owns 197,591 shares in the company, valued at $22,817,808.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Richard B. Murphy sold 4,099 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total transaction of $473,967.37. Following the transaction, the insider now directly owns 42,311 shares in the company, valued at approximately $4,892,420.93. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,198 shares of company stock worth $2,445,314. 1.47% of the stock is currently owned by insiders.

Wintrust Financial Price Performance

Wintrust Financial stock opened at $127.13 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 1.01. The stock’s 50 day moving average is $110.18 and its 200 day moving average is $103.67. Wintrust Financial Co. has a one year low of $76.67 and a one year high of $131.66. The firm has a market cap of $8.45 billion, a P/E ratio of 13.31 and a beta of 1.15.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Monday, October 21st. The bank reported $2.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). The firm had revenue of $615.73 million for the quarter, compared to analysts’ expectations of $623.45 million. Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. Wintrust Financial’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.53 earnings per share. As a group, research analysts expect that Wintrust Financial Co. will post 10.12 EPS for the current year.

Wintrust Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, November 7th. Wintrust Financial’s payout ratio is 18.85%.

Wall Street Analyst Weigh In

WTFC has been the topic of a number of research analyst reports. Truist Financial increased their price target on Wintrust Financial from $123.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Citigroup raised their price objective on shares of Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. DA Davidson upped their price target on Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Piper Sandler boosted their target price on Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Stephens reissued an “overweight” rating and set a $115.00 price objective on shares of Wintrust Financial in a research report on Thursday, July 18th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $123.00.

Wintrust Financial Profile

Wintrust Financial Corporation operates as a financial holding company. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), online and mobile banking, and other services.