Truist Financial Corp Sells 21,452 Shares of Wintrust Financial Corporation $WTFC

Truist Financial Corp decreased its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 47.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,707 shares of the bank’s stock after selling 21,452 shares during the quarter. Truist Financial Corp’s holdings in Wintrust Financial were worth $3,315,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in WTFC. Advisors Asset Management Inc. purchased a new position in Wintrust Financial in the 1st quarter worth approximately $27,000. Jones Financial Companies Lllp boosted its position in shares of Wintrust Financial by 49.0% during the first quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank’s stock worth $115,000 after acquiring an additional 335 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Wintrust Financial by 7.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 179,430 shares of the bank’s stock valued at $20,179,000 after acquiring an additional 12,103 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Wintrust Financial by 400.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 400 shares of the bank’s stock worth $50,000 after purchasing an additional 320 shares in the last quarter. Finally, Cerity Partners LLC grew its position in shares of Wintrust Financial by 1.6% during the second quarter. Cerity Partners LLC now owns 23,120 shares of the bank’s stock valued at $2,866,000 after purchasing an additional 355 shares in the last quarter. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Wintrust Financial Trading Down 0.8%

Shares of NASDAQ WTFC opened at $150.48 on Tuesday. The business’s 50 day moving average is $142.24 and its two-hundred day moving average is $141.62. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97. Wintrust Financial Corporation has a 1-year low of $114.73 and a 1-year high of $162.96. The stock has a market capitalization of $10.15 billion, a P/E ratio of 12.61 and a beta of 0.86.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Monday, April 20th. The bank reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.96 by $0.26. The business had revenue of $713.17 million during the quarter, compared to analyst estimates of $707.23 million. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.The company’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period last year, the company earned $2.69 EPS. As a group, research analysts expect that Wintrust Financial Corporation will post 13.07 EPS for the current year.

Wintrust Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 14th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.5%. The ex-dividend date is Thursday, May 14th. Wintrust Financial’s dividend payout ratio is presently 18.44%.

Insider Buying and Selling

In other Wintrust Financial news, CFO David L. Stoehr sold 3,020 shares of Wintrust Financial stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $150.45, for a total transaction of $454,359.00. Following the completion of the transaction, the chief financial officer directly owned 13,213 shares of the company’s stock, valued at $1,987,895.85. The trade was a 18.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Suzet M. Mckinney sold 500 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $148.96, for a total transaction of $74,480.00. Following the transaction, the director owned 3,303 shares in the company, valued at $492,014.88. This trade represents a 13.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 13,099 shares of company stock worth $1,954,386 over the last three months. 1.24% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

WTFC has been the topic of a number of research analyst reports. Citigroup boosted their target price on Wintrust Financial from $178.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. UBS Group reaffirmed a “buy” rating and issued a $176.00 price objective on shares of Wintrust Financial in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Wintrust Financial in a research report on Wednesday, January 21st. Royal Bank Of Canada raised their target price on shares of Wintrust Financial from $175.00 to $185.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Finally, Truist Financial reduced their price target on shares of Wintrust Financial from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Wintrust Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.92.

About Wintrust Financial

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.