Hsbc Holdings PLC Invests $1.57 Million in Wintrust Financial Corporation $WTFC

Hsbc Holdings PLC purchased a new position in Wintrust Financial Corporation (NASDAQ:WTFC) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 11,198 shares of the bank’s stock, valued at approximately $1,570,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WTFC. Advisors Asset Management Inc. acquired a new stake in Wintrust Financial during the first quarter valued at approximately $27,000. Elyxium Wealth LLC acquired a new position in shares of Wintrust Financial in the 4th quarter worth approximately $31,000. Creative Financial Designs Inc. ADV increased its holdings in shares of Wintrust Financial by 231.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock valued at $32,000 after acquiring an additional 160 shares during the last quarter. Harbour Investments Inc. increased its holdings in shares of Wintrust Financial by 72.7% in the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock valued at $34,000 after acquiring an additional 101 shares during the last quarter. Finally, Strive Financial Group LLC acquired a new stake in shares of Wintrust Financial during the 4th quarter valued at approximately $39,000. 93.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WTFC. Stephens initiated coverage on Wintrust Financial in a research note on Friday, March 27th. They set an “equal weight” rating and a $160.00 price objective on the stock. Royal Bank Of Canada increased their target price on shares of Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Citigroup raised their price target on shares of Wintrust Financial from $178.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Truist Financial decreased 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. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $188.00 price objective (up from $184.00) on shares of Wintrust Financial in a research report on Wednesday, April 22nd. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $170.58.

Insider Transactions at Wintrust Financial

In other news, COO David A. Dykstra sold 9,579 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $148.82, for a total value of $1,425,546.78. Following the completion of the transaction, the chief operating officer owned 179,810 shares of the company’s stock, valued at approximately $26,759,324.20. This represents a 5.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Suzet M. Mckinney sold 500 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $148.96, for a total value of $74,480.00. Following the transaction, the director directly owned 3,303 shares in the company, valued at $492,014.88. This trade represents a 13.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 13,099 shares of company stock valued at $1,954,386. 1.24% of the stock is currently owned by corporate insiders.

Wintrust Financial Price Performance

Shares of NASDAQ:WTFC opened at $160.72 on Wednesday. The firm’s 50 day moving average is $152.05 and its two-hundred day moving average is $147.08. Wintrust Financial Corporation has a 52 week low of $119.61 and a 52 week high of $163.36. The firm has a market capitalization of $10.84 billion, a P/E ratio of 13.47 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.62.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Monday, April 20th. The bank reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.96 by $0.26. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.The business had revenue of $713.17 million during the quarter, compared to the consensus estimate of $707.23 million. During the same period in the previous year, the firm posted $2.69 earnings per share. The business’s revenue was up 10.9% on a year-over-year basis. Analysts anticipate that Wintrust Financial Corporation will post 13.09 earnings per share for the current year.

Wintrust Financial Dividend Announcement

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

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.