Versant Capital Management Inc Boosts Stock Position in Wintrust Financial Co. (NASDAQ:WTFC)

Versant Capital Management Inc grew its holdings in Wintrust Financial Co. (NASDAQ:WTFC) by 32.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 539 shares of the bank’s stock after purchasing an additional 131 shares during the period. Versant Capital Management Inc’s holdings in Wintrust Financial were worth $67,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. FMR LLC increased its stake in Wintrust Financial by 14.1% in the 3rd quarter. FMR LLC now owns 5,153,999 shares of the bank’s stock worth $559,364,000 after buying an additional 637,072 shares during the period. Dimensional Fund Advisors LP grew its stake in Wintrust Financial by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,017,295 shares of the bank’s stock worth $297,376,000 after acquiring an additional 146,090 shares in the last quarter. State Street Corp increased its position in shares of Wintrust Financial by 5.1% during the third quarter. State Street Corp now owns 2,627,561 shares of the bank’s stock worth $285,169,000 after acquiring an additional 126,724 shares during the period. Principal Financial Group Inc. raised its stake in shares of Wintrust Financial by 11.3% during the third quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank’s stock valued at $141,981,000 after acquiring an additional 133,311 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Wintrust Financial by 8.8% in the third quarter. Geode Capital Management LLC now owns 1,155,726 shares of the bank’s stock valued at $125,464,000 after purchasing an additional 92,995 shares during the period. 93.48% of the stock is currently owned by institutional investors.

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $125.81 on Monday. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73. The company has a market cap of $8.37 billion, a PE ratio of 13.17 and a beta of 1.18. Wintrust Financial Co. has a 12-month low of $89.68 and a 12-month high of $142.04. The business’s fifty day simple moving average is $128.94 and its 200-day simple moving average is $113.35.

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

Wintrust Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Thursday, November 7th. Wintrust Financial’s dividend payout ratio is presently 18.85%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Citigroup raised their price objective on Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Wedbush restated an “outperform” rating and set a $130.00 price target on shares of Wintrust Financial in a research note on Tuesday, October 22nd. UBS Group started coverage on shares of Wintrust Financial in a research note on Tuesday, December 17th. They issued a “buy” rating and a $157.00 price objective for the company. Truist Financial raised their target price on shares of Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Raymond James boosted their price target on shares of Wintrust Financial from $125.00 to $135.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $128.00.

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.