Mount Yale Investment Advisors LLC Sells 107 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Mount Yale Investment Advisors LLC lessened its holdings in Wintrust Financial Co. (NASDAQ:WTFC) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,205 shares of the bank’s stock after selling 107 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Wintrust Financial were worth $649,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of WTFC. Chartwell Investment Partners LLC boosted its stake 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 acquiring an additional 89 shares during the last quarter. Shaker Investments LLC OH boosted its position in shares of Wintrust Financial by 0.3% in the 3rd quarter. Shaker Investments LLC OH now owns 28,928 shares of the bank’s stock worth $3,140,000 after purchasing an additional 96 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of 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 purchasing an additional 104 shares during the period. MML Investors Services LLC increased its holdings in Wintrust Financial by 1.7% in the third 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 during the last quarter. Finally, US Bancorp DE lifted its stake in Wintrust Financial by 0.5% in the third quarter. US Bancorp DE now owns 24,716 shares of the bank’s stock valued at $2,682,000 after buying an additional 126 shares during the period. Institutional investors and hedge funds own 93.48% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on WTFC. Wedbush reaffirmed an “outperform” rating and issued a $130.00 price target on shares of Wintrust Financial in a research note on Tuesday, October 22nd. UBS Group started coverage on shares of Wintrust Financial in a report on Tuesday, December 17th. They issued a “buy” rating and a $157.00 target price on the stock. Piper Sandler boosted their price target on shares of Wintrust Financial from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Barclays raised their price objective on Wintrust Financial from $151.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, StockNews.com cut Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wintrust Financial has a consensus rating of “Moderate Buy” and a consensus price target of $133.69.

Wintrust Financial Stock Up 1.7 %

NASDAQ:WTFC opened at $132.11 on Wednesday. The stock has a 50-day simple moving average of $131.07 and a 200 day simple moving average of $117.31. Wintrust Financial Co. has a 52-week low of $89.68 and a 52-week high of $142.04. The company has a market cap of $8.78 billion, a PE ratio of 12.81 and a beta of 1.20. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.11. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same quarter in the previous year, the company posted $1.87 earnings per share. On average, sell-side analysts expect that Wintrust Financial Co. will post 10.17 EPS for the current fiscal year.

Wintrust Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, February 6th. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 1.51%. Wintrust Financial’s payout ratio is 17.46%.

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.