Wintrust Financial Co. (NASDAQ:WTFC) Stake Boosted by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC grew its position in Wintrust Financial Co. (NASDAQ:WTFC) by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,662 shares of the bank’s stock after purchasing an additional 732 shares during the period. Oliver Luxxe Assets LLC’s holdings in Wintrust Financial were worth $2,577,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new stake in Wintrust Financial during the third quarter valued at approximately $35,000. UMB Bank n.a. lifted its holdings in shares of Wintrust Financial by 62.0% during the third quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock valued at $56,000 after purchasing an additional 196 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Wintrust Financial in the 3rd quarter valued at $61,000. Versant Capital Management Inc increased its stake in Wintrust Financial by 32.1% in the 4th quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock worth $67,000 after purchasing an additional 131 shares in the last quarter. Finally, Covestor Ltd raised its holdings in Wintrust Financial by 77.9% during the 3rd quarter. Covestor Ltd now owns 653 shares of the bank’s stock worth $71,000 after buying an additional 286 shares during the period. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, COO David A. Dykstra sold 15,492 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $22,817,808.68. This trade represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David L. Stoehr sold 1,607 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $113.46, for a total value of $182,330.22. Following the completion of the transaction, the chief financial officer now directly owns 14,874 shares of the company’s stock, valued at approximately $1,687,604.04. The trade was a 9.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,198 shares of company stock valued at $2,445,314. 1.47% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WTFC. 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. Truist Financial boosted 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. Raymond James raised their target price on Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 23rd. Citigroup upped their price target on Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Piper Sandler raised their price objective on Wintrust Financial from $131.00 to $136.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $128.00.

Wintrust Financial Stock Up 1.3 %

Shares of NASDAQ WTFC traded up $1.68 during mid-day trading on Monday, reaching $127.49. 231,349 shares of the company traded hands, compared to its average volume of 278,856. The company’s fifty day moving average is $128.94 and its two-hundred day moving average is $113.35. 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 fifty-two week low of $89.68 and a fifty-two week high of $142.04. The stock has a market cap of $8.48 billion, a PE ratio of 13.35 and a beta of 1.20.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing the consensus estimate of $2.50 by ($0.03). The company had revenue of $615.73 million for 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%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the business earned $2.53 EPS. On average, analysts expect that Wintrust Financial Co. will post 10.12 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Thursday, November 7th. Wintrust Financial’s dividend payout ratio (DPR) is 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.