Greenleaf Trust Invests $247,000 in Wintrust Financial Co. (NASDAQ:WTFC)

Greenleaf Trust acquired a new stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 2,659 shares of the bank’s stock, valued at approximately $247,000.

Other hedge funds also recently bought and sold shares of the company. Quent Capital LLC boosted its holdings in shares of Wintrust Financial by 120.8% during the 4th quarter. Quent Capital LLC now owns 351 shares of the bank’s stock worth $33,000 after purchasing an additional 192 shares during the last quarter. McGlone Suttner Wealth Management Inc. acquired a new position in Wintrust Financial during the fourth quarter worth $46,000. Huntington National Bank grew its holdings in Wintrust Financial by 30.6% in the 3rd quarter. Huntington National Bank now owns 725 shares of the bank’s stock valued at $55,000 after buying an additional 170 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Wintrust Financial by 21.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,028 shares of the bank’s stock worth $78,000 after acquiring an additional 183 shares during the last quarter. Finally, Covestor Ltd raised its holdings in shares of Wintrust Financial by 23.1% during the 3rd quarter. Covestor Ltd now owns 1,040 shares of the bank’s stock worth $79,000 after acquiring an additional 195 shares during the period. Institutional investors and hedge funds own 93.48% of the company’s stock.

Insiders Place Their Bets

In other Wintrust Financial news, insider Edward J. Wehmer sold 9,500 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total value of $943,920.00. Following the completion of the transaction, the insider now owns 177,124 shares in the company, valued at $17,599,040.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Jeffrey D. Hahnfeld sold 588 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total transaction of $57,553.44. Following the sale, the executive vice president now directly owns 3,410 shares in the company, valued at $333,770.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Edward J. Wehmer sold 9,500 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $99.36, for a total transaction of $943,920.00. Following the completion of the transaction, the insider now owns 177,124 shares of the company’s stock, valued at approximately $17,599,040.64. The disclosure for this sale can be found here. Insiders have sold a total of 10,309 shares of company stock worth $1,023,730 in the last ninety days. 1.47% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on WTFC shares. Barclays cut their price objective on shares of Wintrust Financial from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Royal Bank of Canada raised their price target on shares of Wintrust Financial from $109.00 to $116.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. StockNews.com upgraded Wintrust Financial from a “sell” rating to a “hold” rating in a report on Thursday, April 18th. UBS Group raised their target price on Wintrust Financial from $105.00 to $113.00 and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Finally, Jefferies Financial Group lifted their target price on Wintrust Financial from $114.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, April 8th. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $112.33.

Wintrust Financial Price Performance

WTFC stock opened at $100.13 on Thursday. The business’s fifty day moving average price is $98.49 and its 200 day moving average price is $91.40. Wintrust Financial Co. has a 12-month low of $58.12 and a 12-month high of $105.29. The company has a market capitalization of $6.18 billion, a PE ratio of 10.35 and a beta of 1.21. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.78.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Thursday, April 18th. The bank reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.47. Wintrust Financial had a net margin of 17.86% and a return on equity of 13.09%. The business had revenue of $604.77 million for the quarter, compared to analysts’ expectations of $577.80 million. During the same quarter in the prior year, the company earned $2.80 earnings per share. The business’s quarterly revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts anticipate that Wintrust Financial Co. will post 10.12 EPS for the current year.

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.