Clark Capital Management Group Inc. Has $82.46 Million Position in Wintrust Financial Corporation $WTFC

Clark Capital Management Group Inc. boosted its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 3.0% in the fourth quarter, Holdings Channel reports. The firm owned 589,731 shares of the bank’s stock after purchasing an additional 16,915 shares during the period. Clark Capital Management Group Inc.’s holdings in Wintrust Financial were worth $82,456,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of WTFC. Advisors Asset Management Inc. acquired a new position in Wintrust Financial during the first quarter valued at approximately $27,000. Elyxium Wealth LLC acquired a new position in Wintrust Financial during the fourth quarter valued at approximately $31,000. Creative Financial Designs Inc. ADV grew its holdings in Wintrust Financial by 231.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock valued at $32,000 after purchasing an additional 160 shares during the period. Harbour Investments Inc. grew its holdings in Wintrust Financial by 72.7% during the fourth quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock valued at $34,000 after purchasing an additional 101 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in Wintrust Financial during the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wintrust Financial Stock Up 0.3%

Wintrust Financial stock opened at $157.19 on Wednesday. The stock has a market capitalization of $10.60 billion, a PE ratio of 13.18 and a beta of 0.84. Wintrust Financial Corporation has a twelve month low of $116.57 and a twelve month high of $162.96. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62. The company has a 50 day moving average of $149.50 and a 200-day moving average of $145.57.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Monday, April 20th. The bank reported $3.22 earnings per share for the quarter, beating the consensus estimate of $2.96 by $0.26. The company had revenue of $713.17 million during the quarter, compared to analysts’ expectations of $707.23 million. Wintrust Financial had a net margin of 20.11% and a return on equity of 13.15%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.69 earnings per share. On average, equities research analysts anticipate that Wintrust Financial Corporation will post 13.07 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, May 14th. Wintrust Financial’s payout ratio is currently 18.44%.

Analyst Upgrades and Downgrades

WTFC has been the subject of a number of analyst reports. Citigroup boosted their price objective on shares of Wintrust Financial from $178.00 to $182.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Barclays upped their price target on shares of Wintrust Financial from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Truist Financial reduced their price target on shares of Wintrust Financial from $170.00 to $150.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Stephens assumed coverage on shares of Wintrust Financial in a report on Friday, March 27th. They issued an “equal weight” rating and a $160.00 price target for the company. Finally, TD Cowen upped their price target on shares of Wintrust Financial from $173.00 to $176.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Wintrust Financial currently has a consensus rating of “Moderate Buy” and an average target price of $168.92.

Insider Transactions at Wintrust Financial

In other news, CFO David L. Stoehr sold 3,020 shares of the business’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $150.45, for a total value of $454,359.00. Following the sale, the chief financial officer 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO David A. Dykstra sold 9,579 shares of the business’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $148.82, for a total transaction of $1,425,546.78. Following the completion of the sale, the chief operating officer directly owned 179,810 shares in the company, valued at approximately $26,759,324.20. This represents a 5.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 13,099 shares of company stock valued at $1,954,386 over the last 90 days. 1.24% of the stock is owned by corporate insiders.

Wintrust Financial Company Profile

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.