Wintrust Financial Co. (NASDAQ:WTFC) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. raised its position in Wintrust Financial Co. (NASDAQ:WTFC) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 788,615 shares of the bank’s stock after acquiring an additional 11,969 shares during the period. Federated Hermes Inc. owned approximately 1.29% of Wintrust Financial worth $73,144,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of Wintrust Financial by 2.0% during the first quarter. BlackRock Inc. now owns 6,156,440 shares of the bank’s stock worth $449,112,000 after purchasing an additional 119,790 shares during the last quarter. Vanguard Group Inc. increased its holdings in Wintrust Financial by 1.9% in the third quarter. Vanguard Group Inc. now owns 5,928,458 shares of the bank’s stock valued at $483,466,000 after buying an additional 109,995 shares in the last quarter. FMR LLC increased its holdings in Wintrust Financial by 11.5% in the third quarter. FMR LLC now owns 4,651,381 shares of the bank’s stock valued at $351,179,000 after buying an additional 480,942 shares in the last quarter. State Street Corp raised its position in shares of Wintrust Financial by 4.2% during the 2nd quarter. State Street Corp now owns 2,795,528 shares of the bank’s stock worth $203,011,000 after purchasing an additional 112,337 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Wintrust Financial by 4.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,913,872 shares of the bank’s stock worth $139,616,000 after purchasing an additional 75,040 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Wintrust Financial news, insider Edward J. Wehmer sold 9,500 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total transaction of $943,920.00. Following the sale, the insider now directly owns 177,124 shares in the company, valued at approximately $17,599,040.64. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Wintrust Financial news, EVP Jeffrey D. Hahnfeld sold 588 shares of the 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 approximately $333,770.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Edward J. Wehmer sold 9,500 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total transaction of $943,920.00. Following the completion of the sale, the insider now owns 177,124 shares in the company, valued at $17,599,040.64. The disclosure for this sale can be found here. 1.47% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WTFC. Stephens restated an “overweight” rating and set a $110.00 price target on shares of Wintrust Financial in a research report on Tuesday. Jefferies Financial Group upped their price objective on shares of Wintrust Financial from $114.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Barclays assumed coverage on shares of Wintrust Financial in a research note on Friday, March 8th. They issued an “overweight” rating and a $135.00 price target for the company. UBS Group increased their price target on shares of Wintrust Financial from $105.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Finally, Royal Bank of Canada increased their price target on shares of Wintrust Financial from $109.00 to $116.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Wintrust Financial presently has an average rating of “Buy” and a consensus price target of $113.33.

Wintrust Financial Stock Performance

NASDAQ:WTFC opened at $95.30 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $5.88 billion, a P/E ratio of 9.86 and a beta of 1.21. The company has a 50 day moving average price of $98.11 and a 200 day moving average price of $90.57. Wintrust Financial Co. has a fifty-two week low of $58.12 and a fifty-two week high of $105.29.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Thursday, April 18th. The bank reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.47. The firm had revenue of $604.77 million during the quarter, compared to analysts’ expectations of $577.80 million. Wintrust Financial had a net margin of 17.86% and a return on equity of 13.29%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the company posted $2.80 EPS. Equities research analysts forecast that Wintrust Financial Co. will post 9.9 EPS for the current year.

Wintrust Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, February 7th. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 1.89%. Wintrust Financial’s dividend payout ratio is 18.61%.

Wintrust Financial 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.