Shaker Investments LLC OH Has $3.58 Million Stock Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

Shaker Investments LLC OH reduced its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,697 shares of the bank’s stock after selling 231 shares during the quarter. Wintrust Financial accounts for 1.5% of Shaker Investments LLC OH’s holdings, making the stock its 22nd biggest holding. Shaker Investments LLC OH’s holdings in Wintrust Financial were worth $3,579,000 as of its most recent filing with the SEC.

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

Wintrust Financial Stock Down 0.7 %

Shares of NASDAQ WTFC opened at $129.07 on Tuesday. Wintrust Financial Co. has a 52-week low of $90.29 and a 52-week high of $142.04. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01. The company’s 50 day moving average price is $129.91 and its 200-day moving average price is $118.68. The company has a market capitalization of $8.58 billion, a P/E ratio of 12.52 and a beta of 1.19.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share (EPS) for the quarter, beating 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 period last year, the business earned $1.87 EPS. Equities analysts forecast that Wintrust Financial Co. will post 10.33 earnings per share for the current year.

Wintrust Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, February 6th. This represents a $2.00 annualized dividend and a yield of 1.55%. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.45. Wintrust Financial’s dividend payout ratio (DPR) is currently 19.40%.

Insiders Place Their Bets

In other news, insider Richard B. Murphy sold 3,186 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $131.30, for a total value of $418,321.80. Following the completion of the sale, the insider now directly owns 48,814 shares in the company, valued at $6,409,278.20. This trade represents a 6.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Jeffrey D. Hahnfeld sold 416 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $130.95, for a total value of $54,475.20. Following the completion of the sale, the executive vice president now directly owns 2,276 shares of the company’s stock, valued at $298,042.20. The trade was a 15.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,178 shares of company stock worth $1,336,315. 1.47% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on WTFC shares. Wedbush restated an “outperform” rating and issued a $130.00 price target on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Piper Sandler boosted their target price on shares of Wintrust Financial from $151.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Barclays increased their price target on Wintrust Financial from $151.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Raymond James restated a “strong-buy” rating and set a $150.00 price objective (up previously from $135.00) on shares of Wintrust Financial in a research report on Thursday, January 23rd. Finally, DA Davidson increased their target price on Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.69.

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.