Leeward Investments LLC MA Cuts Stock Position in Wintrust Financial Co. (NASDAQ:WTFC)

Leeward Investments LLC MA lessened its holdings in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 0.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 275,772 shares of the bank’s stock after selling 938 shares during the period. Wintrust Financial comprises approximately 1.4% of Leeward Investments LLC MA’s investment portfolio, making the stock its 9th biggest position. Leeward Investments LLC MA’s holdings in Wintrust Financial were worth $29,930,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Wintrust Financial by 3.9% in the first quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank’s stock valued at $673,603,000 after purchasing an additional 244,168 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Wintrust Financial by 5.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,017,295 shares of the bank’s stock valued at $297,376,000 after purchasing an additional 146,090 shares during the period. Capital International Investors increased its position in Wintrust Financial by 4.6% during the first quarter. Capital International Investors now owns 1,638,085 shares of the bank’s stock worth $171,000,000 after acquiring an additional 72,082 shares during the period. Federated Hermes Inc. raised its stake in Wintrust Financial by 1.8% during the 2nd quarter. Federated Hermes Inc. now owns 815,466 shares of the bank’s stock valued at $80,372,000 after purchasing an additional 14,087 shares during the last quarter. Finally, Reinhart Partners LLC. raised its stake in Wintrust Financial by 6.4% during the 3rd quarter. Reinhart Partners LLC. now owns 781,393 shares of the bank’s stock valued at $84,805,000 after purchasing an additional 47,242 shares during the last quarter. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Stock Up 14.1 %

WTFC opened at $131.43 on Thursday. The firm’s 50-day simple moving average is $109.79 and its 200-day simple moving average is $103.50. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.01 and a current ratio of 1.02. Wintrust Financial Co. has a twelve month low of $76.67 and a twelve month high of $131.66. The firm has a market cap of $8.74 billion, a price-to-earnings ratio of 13.76 and a beta of 1.15.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Monday, October 21st. The bank reported $2.47 EPS 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 company had revenue of $615.73 million for the quarter, compared to the consensus estimate of $623.45 million. During the same period in the prior year, the company earned $2.53 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. Equities research analysts anticipate that Wintrust Financial Co. will post 10.12 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, November 7th. Wintrust Financial’s dividend payout ratio is currently 18.85%.

Insiders Place Their Bets

In other Wintrust Financial news, CFO David L. Stoehr sold 1,607 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $113.46, for a total transaction of $182,330.22. Following the sale, the chief financial officer now owns 14,874 shares of the company’s stock, valued at $1,687,604.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Wintrust Financial news, insider Richard B. Murphy sold 4,099 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total transaction of $473,967.37. Following the transaction, the insider now directly owns 42,311 shares in the company, valued at approximately $4,892,420.93. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David L. Stoehr sold 1,607 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $113.46, for a total transaction of $182,330.22. Following the transaction, the chief financial officer now owns 14,874 shares in the company, valued at approximately $1,687,604.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,198 shares of company stock valued at $2,445,314 in the last 90 days. 1.47% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on WTFC shares. Raymond James upped their target price on shares of Wintrust Financial from $125.00 to $135.00 and gave the company a “strong-buy” rating in a research note on Wednesday, October 23rd. DA Davidson upped their target price on shares of Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Wedbush reiterated an “outperform” rating and set a $130.00 target price on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Citigroup upped their target price on shares of Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Truist Financial upped their target price on shares of Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Wintrust Financial presently has an average rating of “Moderate Buy” and an average price target of $123.00.

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.