Sanctuary Advisors LLC Has $2.25 Million Stock Position in Wintrust Financial Co. (NASDAQ:WTFC)

Sanctuary Advisors LLC boosted its holdings in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 34.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,081 shares of the bank’s stock after buying an additional 4,412 shares during the period. Sanctuary Advisors LLC’s holdings in Wintrust Financial were worth $2,253,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of WTFC. Chartwell Investment Partners LLC increased its holdings in shares of Wintrust Financial by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 11,049 shares of the bank’s stock valued at $1,200,000 after acquiring an additional 89 shares during the last quarter. Journey Strategic Wealth LLC increased its holdings in shares of Wintrust Financial by 3.6% during the 4th quarter. Journey Strategic Wealth LLC now owns 2,569 shares of the bank’s stock valued at $320,000 after acquiring an additional 89 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Wintrust Financial by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the bank’s stock valued at $2,307,000 after acquiring an additional 100 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of Wintrust Financial by 2.8% during the 3rd quarter. Captrust Financial Advisors now owns 3,859 shares of the bank’s stock valued at $419,000 after acquiring an additional 104 shares during the last quarter. Finally, MML Investors Services LLC increased its holdings in shares of Wintrust Financial by 1.7% during the 3rd quarter. MML Investors Services LLC now owns 6,201 shares of the bank’s stock valued at $673,000 after acquiring an additional 106 shares during the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO David A. Dykstra sold 4,213 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $131.31, for a total value 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 approximately $27,088,465.14. This represents a 2.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jeffrey D. Hahnfeld sold 416 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $130.95, for a total value of $54,475.20. Following the completion of the transaction, the executive vice president now directly 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. In the last quarter, insiders sold 10,178 shares of company stock worth $1,336,315. 1.47% of the stock is currently owned by company insiders.

Wintrust Financial Price Performance

Shares of WTFC stock opened at $123.80 on Friday. The stock has a 50 day moving average of $129.01 and a two-hundred day moving average of $120.17. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. Wintrust Financial Co. has a 12 month low of $91.38 and a 12 month high of $142.04. The company has a market capitalization of $8.23 billion, a P/E ratio of 12.01 and a beta of 1.19.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $2.63 EPS for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the company posted $1.87 earnings per share. As a group, equities analysts expect that Wintrust Financial Co. will post 10.36 EPS for the current year.

Wintrust Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.62%. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.45. Wintrust Financial’s dividend payout ratio (DPR) is currently 19.40%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WTFC. Piper Sandler increased their price objective on Wintrust Financial from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Barclays increased their price objective on Wintrust Financial from $151.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. UBS Group started coverage on Wintrust Financial in a research note on Tuesday, December 17th. They set a “buy” rating and a $157.00 target price for the company. Raymond James restated a “strong-buy” rating and set a $150.00 target price (up previously from $135.00) on shares of Wintrust Financial in a research note on Thursday, January 23rd. Finally, Truist Financial upgraded Wintrust Financial to a “strong-buy” rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $133.69.

Wintrust Financial Company 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.