Wintrust Financial Corporation $WTFC Shares Purchased by Clearstead Advisors LLC

Clearstead Advisors LLC increased its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 695.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,860 shares of the bank’s stock after acquiring an additional 3,375 shares during the period. Clearstead Advisors LLC’s holdings in Wintrust Financial were worth $540,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Clearwater Capital Advisors LLC acquired a new position in Wintrust Financial during the fourth quarter worth $208,000. Hantz Financial Services Inc. grew its holdings in Wintrust Financial by 40.2% during the fourth quarter. Hantz Financial Services Inc. now owns 555 shares of the bank’s stock worth $78,000 after acquiring an additional 159 shares during the period. Hartline Investment Corp acquired a new position in Wintrust Financial during the fourth quarter worth $210,000. Coldstream Capital Management Inc. grew its holdings in Wintrust Financial by 13.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 6,712 shares of the bank’s stock valued at $938,000 after purchasing an additional 799 shares during the last quarter. Finally, Jefferies Financial Group Inc. acquired a new stake in Wintrust Financial in the fourth quarter valued at $9,450,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wall Street Analysts Forecast Growth

WTFC has been the topic of several research reports. Royal Bank Of Canada upped their target price on Wintrust Financial from $175.00 to $185.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. DA Davidson reissued a “buy” rating and issued a $165.00 target price on shares of Wintrust Financial in a report on Tuesday, April 21st. Citigroup upped their target price on Wintrust Financial from $178.00 to $182.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Truist Financial lowered their target price on Wintrust Financial from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. Finally, Piper Sandler reissued an “overweight” rating and issued a $188.00 target price (up from $184.00) on shares of Wintrust Financial in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.92.

Wintrust Financial Stock Down 0.3%

Shares of NASDAQ:WTFC opened at $150.23 on Friday. The stock’s fifty day simple moving average is $145.33 and its 200-day simple moving average is $143.48. Wintrust Financial Corporation has a 52-week low of $116.57 and a 52-week high of $162.96. The company has a market capitalization of $10.13 billion, a P/E ratio of 12.59 and a beta of 0.86. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, April 20th. The bank reported $3.22 earnings per share 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 firm had revenue of $713.17 million for the quarter, compared to the consensus estimate of $707.23 million. During the same period in the prior year, the business posted $2.69 earnings per share. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, equities research analysts forecast that Wintrust Financial Corporation will post 13.07 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were given a dividend of $0.55 per share. The ex-dividend date was Thursday, May 14th. This represents a $2.20 annualized dividend and a yield of 1.5%. Wintrust Financial’s dividend payout ratio is 18.44%.

Insider Buying and Selling

In related news, Director Suzet M. Mckinney sold 500 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $148.96, for a total transaction of $74,480.00. Following the transaction, the director directly owned 3,303 shares in the company, valued at approximately $492,014.88. This represents a 13.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO David A. Dykstra sold 9,579 shares of the stock in a transaction dated 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 transaction, the chief operating officer owned 179,810 shares in the company, valued at $26,759,324.20. This trade represents a 5.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 13,099 shares of company stock worth $1,954,386. 1.24% of the stock is owned by company 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.