Venturi Wealth Management LLC Purchases 205 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Venturi Wealth Management LLC grew its position in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 10.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,157 shares of the bank’s stock after buying an additional 205 shares during the quarter. Venturi Wealth Management LLC’s holdings in Wintrust Financial were worth $269,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. FMR LLC lifted its position in Wintrust Financial by 14.1% during the 3rd quarter. FMR LLC now owns 5,153,999 shares of the bank’s stock worth $559,364,000 after buying an additional 637,072 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Wintrust Financial by 36.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 802,841 shares of the bank’s stock worth $87,132,000 after acquiring an additional 213,559 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Wintrust Financial by 11.3% during the third quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank’s stock valued at $141,981,000 after purchasing an additional 133,311 shares during the last quarter. State Street Corp increased its holdings in shares of Wintrust Financial by 5.1% in the third quarter. State Street Corp now owns 2,627,561 shares of the bank’s stock valued at $285,169,000 after purchasing an additional 126,724 shares in the last quarter. Finally, Lightrock Netherlands B.V. bought a new position in Wintrust Financial in the 4th quarter worth approximately $14,970,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on WTFC shares. Raymond James reiterated a “strong-buy” rating and issued a $150.00 price objective (up from $135.00) on shares of Wintrust Financial in a research report on Thursday, January 23rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $152.00 price target on shares of Wintrust Financial in a report on Thursday, January 23rd. Truist Financial raised Wintrust Financial to a “strong-buy” rating in a report on Monday, January 6th. Piper Sandler raised their target price on shares of Wintrust Financial from $151.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, StockNews.com downgraded shares of Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Saturday, February 15th. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $133.69.

Insider Transactions at Wintrust Financial

In other news, COO David A. Dykstra sold 4,213 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $131.31, for a total transaction of $553,209.03. Following the completion of the transaction, the chief operating officer now directly owns 206,294 shares of the company’s stock, valued at $27,088,465.14. This represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jeffrey D. Hahnfeld sold 416 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $130.95, for a total value of $54,475.20. Following the transaction, the executive vice president now owns 2,276 shares of the company’s stock, valued at approximately $298,042.20. The trade was a 15.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,178 shares of company stock valued at $1,336,315 over the last quarter. Corporate insiders own 1.47% of the company’s stock.

Wintrust Financial Stock Performance

Shares of Wintrust Financial stock opened at $128.82 on Friday. Wintrust Financial Co. has a 12 month low of $91.38 and a 12 month high of $142.04. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $8.57 billion, a PE ratio of 12.49 and a beta of 1.19. The stock’s fifty day simple moving average is $129.17 and its 200 day simple moving average is $119.82.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Tuesday, January 21st. The bank reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.11. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same quarter in the previous year, the firm posted $1.87 EPS. On average, research analysts predict that Wintrust Financial Co. will post 10.36 EPS for the current year.

Wintrust Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend was Thursday, February 6th. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.45. Wintrust Financial’s dividend payout ratio is 19.40%.

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.