Thrivent Financial for Lutherans Sells 7,930 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Thrivent Financial for Lutherans reduced its stake in Wintrust Financial Co. (NASDAQ:WTFC) by 3.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 220,931 shares of the bank’s stock after selling 7,930 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Wintrust Financial were worth $23,978,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of WTFC. Chartwell Investment Partners LLC boosted its position in Wintrust Financial by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 11,049 shares of the bank’s stock valued at $1,200,000 after buying an additional 89 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in Wintrust Financial by 11.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 866 shares of the bank’s stock worth $85,000 after acquiring an additional 91 shares during the last quarter. Shaker Investments LLC OH increased its holdings in Wintrust Financial by 0.3% during the 3rd 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 raised its position in 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 last quarter. Finally, Concurrent Investment Advisors LLC boosted its stake in Wintrust Financial by 1.4% in the second quarter. Concurrent Investment Advisors LLC now owns 10,304 shares of the bank’s stock worth $1,016,000 after purchasing an additional 145 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on WTFC shares. Wedbush restated an “outperform” rating and issued a $130.00 target price on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Raymond James boosted their target price on shares of Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 23rd. Citigroup increased their price target 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 boosted their price objective on shares of Wintrust Financial from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Truist Financial increased their price objective on Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Three equities research 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $123.00.

Wintrust Financial Stock Down 0.9 %

Wintrust Financial stock opened at $131.12 on Wednesday. The firm has a market capitalization of $8.72 billion, a price-to-earnings ratio of 13.73 and a beta of 1.15. The company’s 50 day simple moving average is $114.26 and its 200 day simple moving average is $105.57. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 1.01. Wintrust Financial Co. has a fifty-two week low of $82.90 and a fifty-two week high of $136.08.

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

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Thursday, November 7th. Wintrust Financial’s dividend payout ratio is currently 18.85%.

Insider Activity

In other news, CFO David L. Stoehr sold 1,607 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $113.46, for a total value of $182,330.22. Following the sale, the chief financial officer now directly owns 14,874 shares in the company, valued at $1,687,604.04. The trade was a 9.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Richard B. Murphy sold 4,099 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total value of $473,967.37. Following the transaction, the insider now owns 42,311 shares of the company’s stock, valued at approximately $4,892,420.93. The trade was a 8.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,198 shares of company stock worth $2,445,314 in the last 90 days. Corporate insiders own 1.47% of the company’s stock.

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.