Premier Fund Managers Ltd Sells 29,128 Shares of Wintrust Financial Corporation $WTFC

Premier Fund Managers Ltd lowered its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 7.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 374,994 shares of the bank’s stock after selling 29,128 shares during the period. Wintrust Financial comprises about 2.0% of Premier Fund Managers Ltd’s portfolio, making the stock its 12th biggest position. Premier Fund Managers Ltd owned about 0.56% of Wintrust Financial worth $49,720,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of WTFC. Intrust Bank NA boosted its stake in shares of Wintrust Financial by 4.3% during the third quarter. Intrust Bank NA now owns 5,325 shares of the bank’s stock valued at $705,000 after purchasing an additional 218 shares in the last quarter. Tredje AP fonden increased its stake in shares of Wintrust Financial by 15.9% in the third quarter. Tredje AP fonden now owns 14,215 shares of the bank’s stock valued at $1,883,000 after buying an additional 1,952 shares during the period. Syon Capital LLC bought a new position in Wintrust Financial in the 3rd quarter valued at approximately $219,000. Beirne Wealth Consulting Services LLC acquired a new stake in Wintrust Financial during the 3rd quarter worth approximately $259,000. Finally, State of New Jersey Common Pension Fund D grew its holdings in Wintrust Financial by 6.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 16,894 shares of the bank’s stock worth $2,237,000 after acquiring an additional 1,028 shares during the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Insider Transactions at Wintrust Financial

In other news, EVP Jeffrey D. Hahnfeld sold 314 shares of Wintrust Financial stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $145.43, for a total value of $45,665.02. Following the completion of the sale, the executive vice president owned 1,947 shares in the company, valued at $283,152.21. The trade was a 13.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kathleen M. Boege sold 5,000 shares of the business’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $146.38, for a total transaction of $731,900.00. Following the transaction, the executive vice president owned 22,883 shares in the company, valued at $3,349,613.54. The trade was a 17.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 11,662 shares of company stock valued at $1,705,730. 1.01% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on WTFC. Piper Sandler raised their price target on shares of Wintrust Financial from $161.00 to $184.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Wintrust Financial in a report on Wednesday, January 21st. Citigroup raised their target price on Wintrust Financial from $167.00 to $178.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Truist Financial upped their price target on Wintrust Financial from $158.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Finally, UBS Group reissued a “buy” rating and issued a $176.00 price target on shares of Wintrust Financial in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $165.31.

Wintrust Financial Price Performance

WTFC stock opened at $156.30 on Friday. The firm has a market cap of $10.47 billion, a price-to-earnings ratio of 13.71 and a beta of 0.88. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. Wintrust Financial Corporation has a 12-month low of $89.10 and a 12-month high of $162.96. The company’s fifty day simple moving average is $147.77 and its 200 day simple moving average is $137.38.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Tuesday, January 20th. The bank reported $3.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.93 by $0.22. Wintrust Financial had a return on equity of 12.95% and a net margin of 19.48%.The firm had revenue of $714.26 million during the quarter, compared to the consensus estimate of $700.85 million. During the same period last year, the business posted $2.63 EPS. On average, analysts expect that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.

Wintrust Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th were issued a $0.55 dividend. The ex-dividend date was Thursday, February 5th. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.50. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. Wintrust Financial’s dividend payout ratio is presently 19.30%.

Wintrust Financial Company Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.