Trust Co. of Vermont Has $87,000 Stock Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

Trust Co. of Vermont reduced its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 18.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 696 shares of the bank’s stock after selling 155 shares during the quarter. Trust Co. of Vermont’s holdings in Wintrust Financial were worth $87,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. International Assets Investment Management LLC bought a new position in Wintrust Financial in the 3rd quarter valued at about $35,000. UMB Bank n.a. increased its stake in Wintrust Financial by 62.0% in the third quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock valued at $56,000 after acquiring an additional 196 shares during the last quarter. Versant Capital Management Inc raised its position in Wintrust Financial by 32.1% during the fourth quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock valued at $67,000 after purchasing an additional 131 shares in the last quarter. Brooklyn Investment Group bought a new stake in Wintrust Financial during the third quarter worth $61,000. Finally, Covestor Ltd boosted its holdings in shares of Wintrust Financial by 77.9% in the 3rd quarter. Covestor Ltd now owns 653 shares of the bank’s stock valued at $71,000 after purchasing an additional 286 shares in the last quarter. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Price Performance

Shares of WTFC opened at $135.05 on Monday. The business has a 50-day moving average of $130.94 and a 200-day moving average of $115.65. 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 company has a market capitalization of $8.98 billion, a price-to-earnings ratio of 14.14 and a beta of 1.20. Wintrust Financial Co. has a 1 year low of $89.68 and a 1 year high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last released 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). Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The firm had revenue of $615.73 million for the quarter, compared to the consensus estimate of $623.45 million. During the same quarter in the previous year, the business posted $2.53 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Wintrust Financial Co. will post 10.13 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, November 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.33%. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.85%.

Insider Activity

In related news, COO David A. Dykstra sold 15,492 shares of Wintrust Financial stock in a transaction on 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 sale, the chief operating officer now owns 197,591 shares of the company’s stock, valued at approximately $22,817,808.68. This trade represents a 7.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David L. Stoehr sold 1,607 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $113.46, for a total transaction of $182,330.22. Following the transaction, the chief financial officer now owns 14,874 shares in the company, valued at approximately $1,687,604.04. The trade was a 9.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,198 shares of company stock worth $2,445,314 in the last three months. Company insiders own 1.47% of the company’s stock.

Analyst Ratings Changes

WTFC has been the subject of a number of research analyst reports. UBS Group began coverage on Wintrust Financial in a report on Tuesday, December 17th. They set a “buy” rating and a $157.00 price target for the company. Piper Sandler increased their target price on shares of Wintrust Financial from $131.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Truist Financial raised shares of Wintrust Financial to a “strong-buy” rating in a report on Monday, January 6th. StockNews.com raised shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, DA Davidson boosted their target price on shares of Wintrust Financial from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $128.00.

Wintrust Financial Company 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.