Huntington National Bank Has $417,000 Stake in Wintrust Financial Co. (NASDAQ:WTFC)

Huntington National Bank increased its stake in Wintrust Financial Co. (NASDAQ:WTFC) by 675.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,844 shares of the bank’s stock after purchasing an additional 3,348 shares during the period. Huntington National Bank’s holdings in Wintrust Financial were worth $417,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC lifted its stake in Wintrust Financial by 508.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,952 shares of the bank’s stock valued at $212,000 after acquiring an additional 1,631 shares in the last quarter. Chartwell Investment Partners LLC lifted its position in shares of Wintrust Financial by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 11,049 shares of the bank’s stock worth $1,200,000 after purchasing an additional 89 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Wintrust Financial during the third quarter worth $304,000. Crossmark Global Holdings Inc. grew its position in Wintrust Financial by 66.2% in the third quarter. Crossmark Global Holdings Inc. now owns 5,353 shares of the bank’s stock valued at $581,000 after purchasing an additional 2,132 shares in the last quarter. Finally, Covestor Ltd increased its stake in Wintrust Financial by 77.9% in the 3rd quarter. Covestor Ltd now owns 653 shares of the bank’s stock valued at $71,000 after buying an additional 286 shares during the last quarter. Institutional investors own 93.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. DA Davidson increased their price objective on shares of Wintrust Financial from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Truist Financial raised their price target on Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Raymond James upped their price objective on Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 23rd. Wedbush reissued an “outperform” rating and issued a $130.00 target price on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Finally, Piper Sandler upped their price target on shares of Wintrust Financial from $131.00 to $136.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $123.00.

Insider Buying and Selling

In other news, COO David A. Dykstra sold 15,492 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $115.48, for a total value of $1,789,016.16. Following the completion of the sale, the chief operating officer now directly owns 197,591 shares in the company, valued at approximately $22,817,808.68. The trade was a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard B. Murphy sold 4,099 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total value of $473,967.37. Following the completion of the sale, the insider now owns 42,311 shares of the company’s stock, valued at approximately $4,892,420.93. This trade represents a 8.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,198 shares of company stock valued at $2,445,314. 1.47% of the stock is owned by company insiders.

Wintrust Financial Stock Up 0.6 %

Shares of WTFC opened at $131.76 on Friday. The firm’s 50-day simple moving average is $113.19 and its 200 day simple moving average is $105.08. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.01 and a current ratio of 1.02. The firm has a market cap of $8.76 billion, a P/E ratio of 13.80 and a beta of 1.15. Wintrust Financial Co. has a 52 week low of $82.90 and a 52 week high of $136.08.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The firm had revenue of $615.73 million for the quarter, compared to the consensus estimate of $623.45 million. During the same quarter last year, the business posted $2.53 EPS. Wintrust Financial’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, analysts forecast that Wintrust Financial Co. will post 10.12 earnings per share for the current year.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be paid a $0.45 dividend. The ex-dividend date is Thursday, November 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.37%. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.85%.

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.