US Bancorp DE Has $2.68 Million Stock Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

US Bancorp DE increased its position in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 0.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,716 shares of the bank’s stock after acquiring an additional 126 shares during the period. US Bancorp DE’s holdings in Wintrust Financial were worth $2,682,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Wintrust Financial by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank’s stock worth $673,603,000 after acquiring an additional 244,168 shares in the last quarter. Capital International Investors lifted its stake in Wintrust Financial by 4.6% in the 1st quarter. Capital International Investors now owns 1,638,085 shares of the bank’s stock valued at $171,000,000 after purchasing an additional 72,082 shares during the last quarter. Choreo LLC bought a new position in Wintrust Financial in the 2nd quarter valued at approximately $1,115,000. Allspring Global Investments Holdings LLC lifted its stake in Wintrust Financial by 7.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 203,285 shares of the bank’s stock valued at $22,063,000 after purchasing an additional 14,699 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in Wintrust Financial by 2.7% in the 2nd quarter. Raymond James & Associates now owns 207,944 shares of the bank’s stock valued at $20,495,000 after purchasing an additional 5,563 shares during the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Insiders Place Their Bets

In other news, insider Richard B. Murphy sold 4,099 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total value of $473,967.37. Following the transaction, the insider now owns 42,311 shares of the company’s stock, valued at $4,892,420.93. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Richard B. Murphy sold 4,099 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total transaction of $473,967.37. Following the transaction, the insider now owns 42,311 shares of the company’s stock, valued at approximately $4,892,420.93. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David L. Stoehr sold 1,607 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total transaction of $182,330.22. Following the transaction, the chief financial officer now directly owns 14,874 shares in the company, valued at approximately $1,687,604.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,198 shares of company stock worth $2,445,314 in the last three months. 1.47% of the stock is currently owned by corporate insiders.

Wintrust Financial Stock Performance

NASDAQ WTFC opened at $115.15 on Wednesday. The company’s 50 day moving average is $109.11 and its 200-day moving average is $103.18. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. The firm has a market cap of $7.66 billion, a P/E ratio of 12.06 and a beta of 1.15. Wintrust Financial Co. has a 12-month low of $76.67 and a 12-month high of $118.69.

Wintrust Financial (NASDAQ:WTFC) last posted its 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). Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The firm had revenue of $615.73 million during the quarter, compared to analysts’ expectations of $623.45 million. During the same quarter in the prior year, the company earned $2.53 earnings per share. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. Sell-side analysts predict that Wintrust Financial Co. will post 10.13 earnings per share for the current year.

Wintrust Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, November 7th. Wintrust Financial’s dividend payout ratio is presently 18.85%.

Analyst Upgrades and Downgrades

WTFC has been the subject of several research reports. Truist Financial increased their price objective on shares of Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Wedbush reissued an “outperform” rating and set a $130.00 target price on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Royal Bank of Canada raised their price target on shares of Wintrust Financial from $116.00 to $117.00 and gave the stock an “outperform” rating in a report on Tuesday, July 9th. Piper Sandler raised their price target on shares of Wintrust Financial from $131.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Citigroup lifted their price objective on shares of Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. 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, the stock has an average rating of “Moderate Buy” and an average target price of $123.00.

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.