Coldstream Capital Management Inc. Purchases 396 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Coldstream Capital Management Inc. boosted its position in Wintrust Financial Co. (NASDAQ:WTFC) by 6.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,243 shares of the bank’s stock after acquiring an additional 396 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Wintrust Financial were worth $680,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in shares of Wintrust Financial by 36.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 802,841 shares of the bank’s stock valued at $87,132,000 after purchasing an additional 213,559 shares during the last quarter. Choreo LLC acquired a new position in Wintrust Financial during the second quarter worth about $1,115,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Wintrust Financial by 7.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 203,285 shares of the bank’s stock valued at $22,063,000 after purchasing an additional 14,699 shares in the last quarter. State Street Corp grew its holdings in shares of Wintrust Financial by 5.1% during the 3rd quarter. State Street Corp now owns 2,627,561 shares of the bank’s stock valued at $285,169,000 after purchasing an additional 126,724 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its position in Wintrust Financial by 13.8% during the 3rd quarter. Westfield Capital Management Co. LP now owns 237,311 shares of the bank’s stock worth $25,755,000 after purchasing an additional 28,727 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Wintrust Financial news, CFO David L. Stoehr sold 1,607 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total value of $182,330.22. Following the transaction, the chief financial officer now directly owns 14,874 shares of the company’s stock, valued at approximately $1,687,604.04. This trade represents a 9.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard B. Murphy sold 4,099 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total transaction of $473,967.37. Following the sale, the insider now directly 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. Over the last quarter, insiders have sold 21,198 shares of company stock worth $2,445,314. Corporate insiders own 1.47% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. 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. Barclays upped their target price on Wintrust Financial from $130.00 to $151.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Truist Financial lifted their price target on Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Wedbush reaffirmed an “outperform” rating and issued a $130.00 price objective on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Finally, DA Davidson lifted 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. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $124.62.

Wintrust Financial Price Performance

Wintrust Financial stock opened at $131.41 on Friday. The stock’s 50 day moving average price is $124.79 and its two-hundred day moving average price is $109.88. The stock has a market capitalization of $8.74 billion, a price-to-earnings ratio of 13.76 and a beta of 1.18. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.01 and a current ratio of 1.02. Wintrust Financial Co. has a 52-week low of $89.68 and a 52-week high of $142.04.

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

Wintrust Financial Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Thursday, November 7th. Wintrust Financial’s dividend payout ratio (DPR) is currently 18.85%.

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.