Victory Capital Management Inc. Has $117.04 Million Stake in Wintrust Financial Co. (NASDAQ:WTFC)

Victory Capital Management Inc. lowered its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 29.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 938,483 shares of the bank’s stock after selling 397,156 shares during the period. Victory Capital Management Inc. owned approximately 1.41% of Wintrust Financial worth $117,038,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC bought a new position in shares of Wintrust Financial during the 3rd quarter worth approximately $35,000. Global Retirement Partners LLC lifted its position in shares of Wintrust Financial by 63.5% during the 4th quarter. Global Retirement Partners LLC now owns 376 shares of the bank’s stock worth $47,000 after buying an additional 146 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Wintrust Financial during the 3rd quarter worth approximately $61,000. Versant Capital Management Inc lifted its position in shares of Wintrust Financial by 32.1% during the 4th quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock worth $67,000 after buying an additional 131 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of Wintrust Financial by 77.9% during the 3rd quarter. Covestor Ltd now owns 653 shares of the bank’s stock worth $71,000 after buying an additional 286 shares in the last quarter. Institutional investors own 93.48% of the company’s stock.

Insider Activity

In other news, CFO David L. Stoehr sold 2,363 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $131.32, for a total transaction of $310,309.16. Following the completion of the transaction, the chief financial officer now directly owns 19,858 shares in the company, valued at $2,607,752.56. The trade was a 10.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO David A. Dykstra sold 4,213 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $131.31, for a total transaction of $553,209.03. Following the transaction, the chief operating officer now owns 206,294 shares of the company’s stock, valued at $27,088,465.14. This trade represents a 2.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,178 shares of company stock worth $1,336,315 in the last three months. Corporate insiders own 1.47% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on WTFC. Piper Sandler lifted their target price on shares of Wintrust Financial from $151.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Raymond James reaffirmed a “strong-buy” rating and issued a $150.00 price target (up previously from $135.00) on shares of Wintrust Financial in a report on Thursday, January 23rd. StockNews.com cut shares of Wintrust Financial from a “hold” rating to a “sell” rating in a report on Saturday, February 15th. Truist Financial raised shares of Wintrust Financial to a “strong-buy” rating in a report on Monday, January 6th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $152.00 price target on shares of Wintrust Financial in a report on Thursday, January 23rd. 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. According to data from MarketBeat, Wintrust Financial presently has an average rating of “Moderate Buy” and a consensus price target of $133.69.

Wintrust Financial Trading Up 0.1 %

Shares of WTFC stock opened at $115.84 on Thursday. The company’s fifty day simple moving average is $128.23 and its two-hundred day simple moving average is $121.45. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.00. Wintrust Financial Co. has a 1 year low of $91.38 and a 1 year high of $142.04. The stock has a market capitalization of $7.73 billion, a price-to-earnings ratio of 11.24 and a beta of 1.16.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.11. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same quarter in the previous year, the business posted $1.87 EPS. As a group, analysts anticipate that Wintrust Financial Co. will post 10.36 earnings per share for the current year.

Wintrust Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were given a dividend of $0.50 per share. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Thursday, February 6th. Wintrust Financial’s 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.