Rhumbline Advisers Has $23.74 Million Position in Wintrust Financial Co. (NASDAQ:WTFC)

Rhumbline Advisers reduced its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 190,398 shares of the bank’s stock after selling 1,816 shares during the quarter. Rhumbline Advisers’ holdings in Wintrust Financial were worth $23,744,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. CWM LLC grew its holdings in shares of Wintrust Financial by 387.1% during the third quarter. CWM LLC now owns 1,135 shares of the bank’s stock worth $123,000 after purchasing an additional 902 shares during the last quarter. Creative Planning grew its holdings in shares of Wintrust Financial by 21.7% during the third quarter. Creative Planning now owns 13,341 shares of the bank’s stock worth $1,448,000 after purchasing an additional 2,375 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Wintrust Financial by 5.2% during the third quarter. Raymond James & Associates now owns 218,733 shares of the bank’s stock worth $23,739,000 after purchasing an additional 10,789 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Wintrust Financial by 7.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 203,285 shares of the bank’s stock worth $22,063,000 after purchasing an additional 14,699 shares during the last quarter. Finally, DHJJ Financial Advisors Ltd. grew its holdings in shares of Wintrust Financial by 111.7% during the third quarter. DHJJ Financial Advisors Ltd. now owns 1,033 shares of the bank’s stock worth $112,000 after purchasing an additional 545 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the company. Citigroup increased their target price on Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Piper Sandler increased their target price on Wintrust Financial from $151.00 to $156.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Raymond James restated a “strong-buy” rating and set a $150.00 target price (up previously from $135.00) on shares of Wintrust Financial in a report on Thursday, January 23rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $152.00 price target on shares of Wintrust Financial in a report on Thursday, January 23rd. Finally, Truist Financial upgraded Wintrust Financial to a “strong-buy” rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $133.69.

Wintrust Financial Price Performance

Shares of WTFC opened at $130.80 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. Wintrust Financial Co. has a 1 year low of $91.38 and a 1 year high of $142.04. The stock has a market cap of $8.70 billion, a P/E ratio of 12.69 and a beta of 1.19. The stock’s 50-day moving average price is $129.25 and its two-hundred day moving average price is $119.76.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.11. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same quarter in the previous year, the company earned $1.87 EPS. On average, equities analysts predict that Wintrust Financial Co. will post 10.36 earnings per share for the current year.

Wintrust Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.53%. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.45. Wintrust Financial’s dividend payout ratio (DPR) is currently 19.40%.

Insider Transactions at Wintrust Financial

In other news, COO David A. Dykstra sold 4,213 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $131.31, for a total transaction of $553,209.03. Following the sale, the chief operating officer now owns 206,294 shares of the company’s stock, valued at $27,088,465.14. This trade represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 sale, the insider now directly owns 48,814 shares in the company, valued at approximately $6,409,278.20. This represents a 6.13 % 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 valued at $1,336,315 over the last 90 days. 1.47% of the stock is owned by company insiders.

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.