Verition Fund Management LLC Has $28.46 Million Holdings in Wintrust Financial Corporation $WTFC

Verition Fund Management LLC decreased its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 14.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 203,554 shares of the bank’s stock after selling 34,656 shares during the period. Verition Fund Management LLC’s holdings in Wintrust Financial were worth $28,461,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Advisors Asset Management Inc. acquired a new stake in Wintrust Financial during the 1st quarter worth $27,000. Elyxium Wealth LLC bought a new stake in Wintrust Financial in the fourth quarter valued at about $31,000. Creative Financial Designs Inc. ADV boosted its holdings in Wintrust Financial by 231.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock worth $32,000 after buying an additional 160 shares during the last quarter. Harbour Investments Inc. grew its position in shares of Wintrust Financial by 72.7% during the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock worth $34,000 after buying an additional 101 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Wintrust Financial in the 4th quarter valued at about $41,000. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Piper Sandler reissued an “overweight” rating and set a $188.00 price objective (up from $184.00) on shares of Wintrust Financial in a research note on Wednesday, April 22nd. DA Davidson reissued a “buy” rating and set a $165.00 price target on shares of Wintrust Financial in a research report on Tuesday, April 21st. Citigroup boosted their price target on shares of Wintrust Financial from $178.00 to $182.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Truist Financial dropped their price objective on Wintrust Financial from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. Finally, Barclays boosted their target price on Wintrust Financial from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $168.92.

Wintrust Financial Price Performance

Shares of WTFC stock opened at $159.26 on Monday. Wintrust Financial Corporation has a 12-month low of $116.57 and a 12-month high of $162.96. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62. The firm has a fifty day moving average of $148.80 and a 200-day moving average of $145.27. The company has a market capitalization of $10.74 billion, a price-to-earnings ratio of 13.35 and a beta of 0.85.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Monday, April 20th. The bank reported $3.22 earnings per share for the quarter, topping the consensus estimate of $2.96 by $0.26. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.The company had revenue of $713.17 million during the quarter, compared to analysts’ expectations of $707.23 million. During the same period in the prior year, the firm earned $2.69 earnings per share. Wintrust Financial’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, equities research analysts predict that Wintrust Financial Corporation will post 13.07 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. Wintrust Financial’s payout ratio is 18.44%.

Insider Activity

In related news, COO David A. Dykstra sold 9,579 shares of the firm’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $148.82, for a total value of $1,425,546.78. Following the completion of the transaction, the chief operating officer directly owned 179,810 shares of the company’s stock, valued at approximately $26,759,324.20. This trade represents a 5.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Suzet M. Mckinney sold 500 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $148.96, for a total transaction of $74,480.00. Following the sale, the director directly owned 3,303 shares in the company, valued at $492,014.88. This trade represents a 13.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 13,099 shares of company stock valued at $1,954,386. 1.24% of the stock is owned by insiders.

Wintrust Financial Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.