Comprehensive Financial Consultants Institutional Inc. Lowers Stake in Wintrust Financial Co. (NASDAQ:WTFC)

Comprehensive Financial Consultants Institutional Inc. trimmed its position in Wintrust Financial Co. (NASDAQ:WTFC) by 5.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,889 shares of the bank’s stock after selling 576 shares during the quarter. Comprehensive Financial Consultants Institutional Inc.’s holdings in Wintrust Financial were worth $1,073,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Versant Capital Management Inc increased its position in shares of Wintrust Financial by 825.0% during the second quarter. Versant Capital Management Inc now owns 296 shares of the bank’s stock worth $29,000 after purchasing an additional 264 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Wintrust Financial in the third quarter worth about $35,000. UMB Bank n.a. boosted its holdings in Wintrust Financial by 62.0% during the third quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock worth $56,000 after buying an additional 196 shares in the last quarter. GAMMA Investing LLC raised its holdings in Wintrust Financial by 62.6% in the 2nd quarter. GAMMA Investing LLC now owns 818 shares of the bank’s stock worth $81,000 after purchasing an additional 315 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in shares of Wintrust Financial by 11.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 866 shares of the bank’s stock valued at $85,000 after buying an additional 91 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on WTFC. DA Davidson increased their price objective on shares of Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Stephens reaffirmed an “overweight” rating and issued a $115.00 price objective on shares of Wintrust Financial in a research note on Thursday, July 18th. Citigroup increased their target price on shares of Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Piper Sandler boosted their price objective on Wintrust Financial from $131.00 to $136.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Raymond James upped their price objective on Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $123.00.

Insider Transactions at Wintrust Financial

In other Wintrust Financial news, CFO David L. Stoehr sold 1,607 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total value of $182,330.22. Following the sale, the chief financial officer now directly owns 14,874 shares in the company, valued at $1,687,604.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, COO David A. Dykstra sold 15,492 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following the sale, the chief operating officer now directly owns 197,591 shares of the company’s stock, valued at $22,817,808.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO David L. Stoehr sold 1,607 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $113.46, for a total transaction of $182,330.22. Following the completion of the transaction, the chief financial officer now owns 14,874 shares of the company’s stock, valued at $1,687,604.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,198 shares of company stock worth $2,445,314. Insiders own 1.47% of the company’s stock.

Wintrust Financial Price Performance

Shares of NASDAQ WTFC opened at $127.13 on Friday. The company has a market capitalization of $8.45 billion, a price-to-earnings ratio of 13.31 and a beta of 1.15. Wintrust Financial Co. has a twelve month low of $76.67 and a twelve month high of $131.66. The firm has a 50-day moving average of $110.18 and a two-hundred day moving average of $103.67. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data 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). The business had revenue of $615.73 million during the quarter, compared to analysts’ expectations of $623.45 million. Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The firm’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.53 earnings per share. As a group, analysts expect that Wintrust Financial Co. will post 10.12 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.42%. The ex-dividend date is Thursday, November 7th. Wintrust Financial’s dividend payout ratio is currently 18.85%.

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.