Truist Financial Corp Purchases 306 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Truist Financial Corp lifted its position in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 0.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,653 shares of the bank’s stock after buying an additional 306 shares during the quarter. Truist Financial Corp owned approximately 0.06% of Wintrust Financial worth $5,195,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Creative Planning boosted its stake in shares of Wintrust Financial by 21.7% in the third quarter. Creative Planning now owns 13,341 shares of the bank’s stock worth $1,448,000 after acquiring an additional 2,375 shares during the period. International Assets Investment Management LLC purchased a new position in Wintrust Financial in the 3rd quarter worth approximately $35,000. Louisiana State Employees Retirement System grew its holdings in Wintrust Financial by 5.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 18,400 shares of the bank’s stock valued at $1,997,000 after buying an additional 900 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Wintrust Financial by 16.7% during the third quarter. State of Alaska Department of Revenue now owns 7,718 shares of the bank’s stock valued at $837,000 after buying an additional 1,105 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Wintrust Financial by 1.1% during the third quarter. Nisa Investment Advisors LLC now owns 28,490 shares of the bank’s stock valued at $3,092,000 after buying an additional 315 shares during the last quarter. Institutional investors own 93.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. UBS Group began coverage on Wintrust Financial in a research note on Tuesday, December 17th. They set a “buy” rating and a $157.00 price target for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $152.00 price target on shares of Wintrust Financial in a research note on Thursday, January 23rd. Truist Financial raised Wintrust Financial to a “strong-buy” rating in a research report on Monday, January 6th. Barclays raised their target price on shares of Wintrust Financial from $151.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, StockNews.com cut Wintrust Financial from a “hold” rating to a “sell” rating in a report on Saturday, February 15th. 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $133.69.

Wintrust Financial Stock Performance

Shares of Wintrust Financial stock opened at $123.80 on Monday. Wintrust Financial Co. has a one year low of $91.38 and a one year high of $142.04. The company has a market capitalization of $8.23 billion, a PE ratio of 12.01 and a beta of 1.19. 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 has a 50-day simple moving average of $129.01 and a two-hundred day simple moving average of $120.33.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Tuesday, January 21st. The bank reported $2.63 EPS for the quarter, beating analysts’ consensus estimates 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 business earned $1.87 earnings per share. Research analysts expect that Wintrust Financial Co. will post 10.36 EPS for the current fiscal year.

Wintrust Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were given a $0.50 dividend. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, February 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.62%. Wintrust Financial’s dividend payout ratio (DPR) is presently 19.40%.

Insider Buying and Selling

In other Wintrust Financial news, EVP Jeffrey D. Hahnfeld sold 416 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was 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 owns 2,276 shares of the company’s stock, valued at approximately $298,042.20. This trade represents a 15.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David L. Stoehr sold 2,363 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $131.32, for a total transaction of $310,309.16. Following the transaction, the chief financial officer now owns 19,858 shares in the company, valued at approximately $2,607,752.56. This trade represents a 10.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,178 shares of company stock worth $1,336,315 in the last ninety days. 1.47% of the stock is owned by insiders.

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.