Janney Montgomery Scott LLC increased its position in shares of Wintrust Financial Co. (NASDAQ:WTFC – Get Rating) by 23.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,236 shares of the bank’s stock after purchasing an additional 797 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Wintrust Financial were worth $345,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Pinebridge Investments L.P. lifted its position in Wintrust Financial by 307.0% during the second quarter. Pinebridge Investments L.P. now owns 407 shares of the bank’s stock worth $33,000 after purchasing an additional 307 shares during the period. Private Trust Co. NA lifted its position in Wintrust Financial by 48.9% during the third quarter. Private Trust Co. NA now owns 411 shares of the bank’s stock worth $34,000 after purchasing an additional 135 shares during the period. CoreCap Advisors LLC bought a new stake in Wintrust Financial during the second quarter worth about $76,000. Trust Co. of Vermont bought a new stake in Wintrust Financial during the second quarter worth about $80,000. Finally, Convergence Investment Partners LLC bought a new stake in Wintrust Financial during the second quarter worth about $125,000. Institutional investors own 89.47% of the company’s stock.
Insider Buying and Selling
In other Wintrust Financial news, CFO David L. Stoehr sold 2,215 shares of Wintrust Financial stock in a transaction on Friday, November 4th. The shares were sold at an average price of $92.45, for a total value of $204,776.75. Following the completion of the sale, the chief financial officer now directly owns 11,266 shares of the company’s stock, valued at $1,041,541.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.41% of the stock is owned by insiders.
Wintrust Financial Price Performance
Wintrust Financial Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, November 25th. Investors of record on Thursday, November 10th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend was Wednesday, November 9th. Wintrust Financial’s dividend payout ratio is presently 17.00%.
Wall Street Analysts Forecast Growth
Several research analysts have commented on WTFC shares. Raymond James lowered their target price on Wintrust Financial from $118.00 to $110.00 and set a “strong-buy” rating for the company in a research note on Friday, January 20th. Truist Financial lowered their target price on Wintrust Financial from $112.00 to $102.00 in a research note on Friday, December 9th. Royal Bank of Canada boosted their target price on Wintrust Financial from $109.00 to $115.00 and gave the stock an “outperform” rating in a research note on Thursday, October 20th. Wedbush boosted their target price on Wintrust Financial from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 19th. Finally, UBS Group boosted their target price on Wintrust Financial to $100.00 in a research note on Wednesday, November 16th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $108.78.
Wintrust Financial Profile
Wintrust Financial Corp. is a bank holding company, which engages in the provision of banking and financial services. It operates through the following segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment provides community-oriented, personal, and commercial banking services to customers located in its market area.
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