Sanctuary Advisors LLC Boosts Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

Sanctuary Advisors LLC lifted its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 23.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,669 shares of the bank’s stock after acquiring an additional 2,392 shares during the period. Sanctuary Advisors LLC’s holdings in Wintrust Financial were worth $1,375,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of WTFC. Chartwell Investment Partners LLC boosted its holdings in shares of Wintrust Financial by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 11,049 shares of the bank’s stock valued at $1,200,000 after purchasing an additional 89 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Wintrust Financial by 11.7% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 866 shares of the bank’s stock valued at $85,000 after acquiring an additional 91 shares during the last quarter. Shaker Investments LLC OH increased its stake in Wintrust Financial by 0.3% during the third quarter. Shaker Investments LLC OH now owns 28,928 shares of the bank’s stock worth $3,140,000 after acquiring an additional 96 shares during the last quarter. Captrust Financial Advisors increased its stake in Wintrust Financial by 2.8% during the third quarter. Captrust Financial Advisors now owns 3,859 shares of the bank’s stock worth $419,000 after acquiring an additional 104 shares during the last quarter. Finally, MML Investors Services LLC lifted its stake in shares of Wintrust Financial by 1.7% in the 3rd quarter. MML Investors Services LLC now owns 6,201 shares of the bank’s stock valued at $673,000 after purchasing an additional 106 shares in the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

Wintrust Financial Stock Up 1.2 %

WTFC stock opened at $124.17 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73. The firm has a 50 day simple moving average of $126.45 and a 200-day simple moving average of $110.71. The company has a market capitalization of $8.26 billion, a P/E ratio of 13.00 and a beta of 1.18. Wintrust Financial Co. has a twelve month low of $89.68 and a twelve month high of $142.04.

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

Wintrust Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 7th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.45%. The ex-dividend date was Thursday, November 7th. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.85%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. DA Davidson increased their target price 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. Truist Financial raised their target price on shares of Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. UBS Group initiated coverage on Wintrust Financial in a report on Tuesday. They issued a “buy” rating and a $157.00 price target for the company. Wedbush restated an “outperform” rating and set a $130.00 price objective on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Finally, Piper Sandler increased 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. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $128.00.

Insiders Place Their Bets

In other Wintrust Financial news, COO David A. Dykstra sold 15,492 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were 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 owns 197,591 shares in the company, valued at approximately $22,817,808.68. This represents a 7.27 % decrease in their position. The transaction 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 Wintrust Financial stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total value of $473,967.37. Following the sale, the insider now directly owns 42,311 shares in the company, valued at approximately $4,892,420.93. This trade represents a 8.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,198 shares of company stock valued at $2,445,314 over the last 90 days. 1.47% of the stock is owned by company insiders.

About Wintrust Financial

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.