Atria Investments Inc Buys 402 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Atria Investments Inc boosted its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 5.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 8,122 shares of the bank’s stock after buying an additional 402 shares during the quarter. Atria Investments Inc’s holdings in Wintrust Financial were worth $881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc raised its position in shares of Wintrust Financial by 825.0% during the second quarter. Versant Capital Management Inc now owns 296 shares of the bank’s stock valued at $29,000 after buying an additional 264 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Wintrust Financial in the 3rd quarter worth approximately $35,000. UMB Bank n.a. grew its holdings 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 purchasing an additional 196 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Wintrust Financial by 62.6% during the second quarter. GAMMA Investing LLC now owns 818 shares of the bank’s stock valued at $81,000 after purchasing an additional 315 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of Wintrust Financial by 11.7% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 866 shares of the bank’s stock valued at $85,000 after purchasing an additional 91 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO David A. Dykstra sold 15,492 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total value of $1,789,016.16. Following the completion of the sale, the chief operating officer now directly owns 197,591 shares of the company’s stock, valued at $22,817,808.68. This represents a 7.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Richard B. Murphy sold 4,099 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total transaction of $473,967.37. Following the transaction, the insider now directly owns 42,311 shares in the company, valued at $4,892,420.93. The trade was a 8.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,198 shares of company stock valued at $2,445,314 over the last ninety days. Insiders own 1.47% of the company’s stock.

Wintrust Financial Stock Up 0.6 %

NASDAQ:WTFC opened at $131.76 on Monday. The stock’s fifty day moving average price is $113.19 and its two-hundred day moving average price is $105.13. The company has a market cap of $8.76 billion, a price-to-earnings ratio of 13.80 and a beta of 1.15. Wintrust Financial Co. has a 52-week low of $82.90 and a 52-week high of $136.08. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.01 and a current ratio of 1.02.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Monday, October 21st. The bank reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.50 by ($0.03). The firm had revenue of $615.73 million for the quarter, compared to analyst estimates of $623.45 million. Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The company’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $2.53 EPS. On average, analysts anticipate that Wintrust Financial Co. will post 10.12 EPS for the current year.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, November 7th. Wintrust Financial’s dividend payout ratio is 18.85%.

Analyst Upgrades and Downgrades

WTFC has been the topic of several analyst reports. Piper Sandler boosted their price target on shares of Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Citigroup upped their target price on shares of Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Truist Financial raised their price target on shares of Wintrust Financial from $123.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. DA Davidson boosted their price target on Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Raymond James increased their price objective on Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Wintrust Financial currently has an average rating of “Moderate Buy” and a consensus target price of $123.00.

Wintrust Financial Company 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.