Wintrust Financial Corporation $WTFC Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA cut its stake in Wintrust Financial Corporation (NASDAQ:WTFC) by 3.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 236,694 shares of the bank’s stock after selling 8,566 shares during the period. Wintrust Financial comprises approximately 1.6% of Leeward Investments LLC MA’s holdings, making the stock its 7th largest holding. Leeward Investments LLC MA owned approximately 0.35% of Wintrust Financial worth $29,345,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Maseco LLP acquired a new position in shares of Wintrust Financial in the 2nd quarter worth approximately $25,000. Park Place Capital Corp increased its holdings in Wintrust Financial by 1,264.7% during the 1st quarter. Park Place Capital Corp now owns 232 shares of the bank’s stock valued at $26,000 after purchasing an additional 215 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in Wintrust Financial during the 1st quarter valued at $27,000. AlphaQuest LLC acquired a new stake in Wintrust Financial during the 1st quarter valued at $33,000. Finally, Wayfinding Financial LLC acquired a new stake in Wintrust Financial during the 1st quarter valued at $36,000. 93.48% of the stock is owned by institutional investors and hedge funds.

Wintrust Financial Stock Up 2.3%

Shares of WTFC opened at $129.04 on Friday. The firm has a market capitalization of $8.64 billion, a price-to-earnings ratio of 11.86 and a beta of 0.83. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01. The business’s fifty day moving average price is $132.48 and its two-hundred day moving average price is $124.83. Wintrust Financial Corporation has a 52 week low of $89.10 and a 52 week high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, October 20th. The bank reported $3.06 EPS for the quarter, topping analysts’ consensus estimates of $2.63 by $0.43. Wintrust Financial had a return on equity of 13.05% and a net margin of 18.85%.The business had revenue of $697.84 million during the quarter, compared to analysts’ expectations of $689.10 million. During the same period in the previous year, the firm earned $2.47 earnings per share. On average, analysts predict that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.

Wintrust Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 6th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.5%. Wintrust Financial’s payout ratio is 18.38%.

Insider Activity at Wintrust Financial

In related news, COO David A. Dykstra sold 14,942 shares of Wintrust Financial stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $131.53, for a total transaction of $1,965,321.26. Following the completion of the sale, the chief operating officer directly owned 182,208 shares of the company’s stock, valued at $23,965,818.24. The trade was a 7.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.01% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on WTFC shares. Piper Sandler reaffirmed an “overweight” rating and set a $161.00 price target (up from $160.00) on shares of Wintrust Financial in a report on Wednesday. Keefe, Bruyette & Woods raised their price target on Wintrust Financial from $130.00 to $138.00 and gave the company a “market perform” rating in a report on Wednesday, July 23rd. Royal Bank Of Canada raised their price target on Wintrust Financial from $137.00 to $158.00 and gave the company an “outperform” rating in a report on Wednesday, July 23rd. Raymond James Financial reaffirmed a “strong-buy” rating and set a $157.00 price target (up from $155.00) on shares of Wintrust Financial in a report on Wednesday, July 23rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Wintrust Financial in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Wintrust Financial presently has a consensus rating of “Moderate Buy” and an average price target of $152.92.

About Wintrust Financial

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.