PNC Financial Services Group Inc. Purchases 842 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

PNC Financial Services Group Inc. boosted its position in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 18.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,393 shares of the bank’s stock after acquiring an additional 842 shares during the period. PNC Financial Services Group Inc.’s holdings in Wintrust Financial were worth $673,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WTFC. Global Retirement Partners LLC lifted its stake in shares of Wintrust Financial by 63.5% in the 4th quarter. Global Retirement Partners LLC now owns 376 shares of the bank’s stock valued at $47,000 after purchasing an additional 146 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Wintrust Financial in the 3rd quarter valued at approximately $61,000. Versant Capital Management Inc lifted its stake in shares of Wintrust Financial by 32.1% in the 4th quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock valued at $67,000 after purchasing an additional 131 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Wintrust Financial by 32.2% in the 4th quarter. UMB Bank n.a. now owns 677 shares of the bank’s stock valued at $84,000 after purchasing an additional 165 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of Wintrust Financial by 920.9% in the 4th quarter. Jones Financial Companies Lllp now owns 684 shares of the bank’s stock valued at $85,000 after purchasing an additional 617 shares during the last quarter. 93.48% of the stock is owned by institutional investors.

Insider Transactions at Wintrust Financial

In other news, CFO David L. Stoehr sold 2,363 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $131.32, for a total value of $310,309.16. Following the completion of the transaction, the chief financial officer now directly owns 19,858 shares of the company’s stock, valued at approximately $2,607,752.56. The trade was a 10.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jeffrey D. Hahnfeld sold 416 shares of the company’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 transaction, the executive vice president now directly owns 2,276 shares in the company, valued at $298,042.20. This represents a 15.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 10,178 shares of company stock valued at $1,336,315. Corporate insiders own 1.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on WTFC. Raymond James reaffirmed a “strong-buy” rating and issued a $150.00 price objective (up from $135.00) on shares of Wintrust Financial in a research note on Thursday, January 23rd. StockNews.com lowered Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Saturday, February 15th. UBS Group began coverage on Wintrust Financial in a report on Tuesday, December 17th. They set a “buy” rating and a $157.00 price objective for the company. Barclays boosted their price objective on Wintrust Financial from $151.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Piper Sandler boosted their price objective on Wintrust Financial from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $133.69.

Wintrust Financial Trading Down 0.5 %

Shares of NASDAQ WTFC opened at $112.00 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The business has a fifty day simple moving average of $125.52 and a two-hundred day simple moving average of $121.91. The firm has a market cap of $7.47 billion, a PE ratio of 10.86 and a beta of 1.16. Wintrust Financial Co. has a twelve month low of $91.38 and a twelve month high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Tuesday, January 21st. The bank reported $2.63 EPS for the quarter, topping the consensus estimate 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 period last year, the business posted $1.87 earnings per share. Analysts expect that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.79%. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, February 6th. Wintrust Financial’s payout ratio is presently 19.40%.

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.