Chartwell Investment Partners LLC Has $1.20 Million Stake in Wintrust Financial Co. (NASDAQ:WTFC)

Chartwell Investment Partners LLC boosted its position in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 0.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,049 shares of the bank’s stock after purchasing an additional 89 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Wintrust Financial were worth $1,200,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Wintrust Financial by 3.9% during the first 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. Dimensional Fund Advisors LP grew its stake in Wintrust Financial by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 3,017,295 shares of the bank’s stock worth $297,376,000 after buying an additional 146,090 shares in the last quarter. Capital International Investors grew its stake in Wintrust Financial by 4.6% during the first quarter. Capital International Investors now owns 1,638,085 shares of the bank’s stock worth $171,000,000 after buying an additional 72,082 shares in the last quarter. Principal Financial Group Inc. grew its stake in Wintrust Financial by 11.3% during the third quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank’s stock worth $141,981,000 after buying an additional 133,311 shares in the last quarter. Finally, Federated Hermes Inc. grew its stake in Wintrust Financial by 1.8% during the second quarter. Federated Hermes Inc. now owns 815,466 shares of the bank’s stock worth $80,372,000 after buying an additional 14,087 shares in 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 stock was sold at an average price of $115.63, for a total value of $473,967.37. Following the sale, the insider now directly owns 42,311 shares of the company’s stock, valued at approximately $4,892,420.93. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Wintrust Financial news, COO David A. Dykstra sold 15,492 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following the completion of the sale, the chief operating officer now directly owns 197,591 shares in the company, valued at $22,817,808.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed 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 dated 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 directly owns 42,311 shares in the company, valued at approximately $4,892,420.93. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,198 shares of company stock worth $2,445,314. 1.47% of the stock is owned by corporate insiders.

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $133.66 on Wednesday. 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 Co. has a fifty-two week low of $77.16 and a fifty-two week high of $134.82. The stock has a 50 day moving average price of $111.58 and a two-hundred day moving average price of $104.41. The company has a market capitalization of $8.89 billion, a P/E ratio of 14.00 and a beta of 1.15.

Wintrust Financial (NASDAQ:WTFC) last announced its 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). The business had revenue of $615.73 million for the quarter, compared to the consensus estimate of $623.45 million. Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. Wintrust Financial’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.53 EPS. Analysts expect that Wintrust Financial Co. will post 10.12 earnings per share for the current year.

Wintrust Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.80 dividend on an annualized basis and a yield of 1.35%. Wintrust Financial’s dividend payout ratio (DPR) is 18.85%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Wedbush reissued an “outperform” rating and issued a $130.00 target price on shares of Wintrust Financial in a report on Tuesday, October 22nd. Piper Sandler raised their price objective 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. Stephens reiterated an “overweight” rating and issued a $115.00 price objective on shares of Wintrust Financial in a report on Thursday, July 18th. Truist Financial lifted their price target 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, Citigroup lifted their price target on shares of Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a research 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. According to MarketBeat.com, Wintrust Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.00.

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.