Vest Financial LLC Buys 1,931 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Vest Financial LLC increased its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 16.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,725 shares of the bank’s stock after buying an additional 1,931 shares during the quarter. Vest Financial LLC’s holdings in Wintrust Financial were worth $1,490,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Virtu Financial LLC acquired a new position in Wintrust Financial in the fourth quarter valued at about $234,000. PNC Financial Services Group Inc. increased its holdings in Wintrust Financial by 84.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,745 shares of the bank’s stock valued at $533,000 after purchasing an additional 2,623 shares in the last quarter. Park Avenue Securities LLC raised its position in Wintrust Financial by 17.8% in the 1st quarter. Park Avenue Securities LLC now owns 6,620 shares of the bank’s stock valued at $691,000 after purchasing an additional 998 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in Wintrust Financial in the 1st quarter valued at $27,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Wintrust Financial by 8.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,234 shares of the bank’s stock worth $651,000 after purchasing an additional 498 shares during the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Analyst Ratings Changes

WTFC has been the topic of several research reports. Truist Financial upped their price target on shares of Wintrust Financial from $118.00 to $123.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. DA Davidson increased their price target on shares of Wintrust Financial from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Piper Sandler boosted their price objective on shares of Wintrust Financial from $113.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Keefe, Bruyette & Woods lowered Wintrust Financial from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $110.00 to $115.00 in a research report on Friday, July 19th. Finally, Stephens restated an “overweight” rating and set a $115.00 target price on shares of Wintrust Financial in a research report on Thursday, July 18th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $118.23.

Wintrust Financial Trading Down 1.4 %

WTFC opened at $115.37 on Monday. The firm’s fifty day moving average is $106.20 and its two-hundred day moving average is $101.87. The firm has a market cap of $7.67 billion, a PE ratio of 12.01 and a beta of 1.16. Wintrust Financial Co. has a twelve month low of $71.86 and a twelve month high of $117.77. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.99 and a current ratio of 0.99.

Wintrust Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $1.80 annualized dividend and a yield of 1.56%. Wintrust Financial’s dividend payout ratio is presently 18.73%.

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.