Wintrust Financial Corporation $WTFC Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC trimmed its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 39.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,977 shares of the bank’s stock after selling 10,537 shares during the period. Calamos Advisors LLC’s holdings in Wintrust Financial were worth $1,981,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in WTFC. Millennium Management LLC lifted its stake in shares of Wintrust Financial by 539.2% during the first quarter. Millennium Management LLC now owns 594,711 shares of the bank’s stock worth $66,881,000 after purchasing an additional 501,669 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Wintrust Financial during the 1st quarter valued at about $47,769,000. Jennison Associates LLC raised its holdings in shares of Wintrust Financial by 53.3% during the 1st quarter. Jennison Associates LLC now owns 807,390 shares of the bank’s stock valued at $90,799,000 after buying an additional 280,568 shares during the period. Northern Trust Corp lifted its position in Wintrust Financial by 20.2% during the 1st quarter. Northern Trust Corp now owns 852,583 shares of the bank’s stock worth $95,881,000 after acquiring an additional 143,401 shares in the last quarter. Finally, CHICAGO TRUST Co NA boosted its holdings in Wintrust Financial by 591.9% in the 2nd quarter. CHICAGO TRUST Co NA now owns 137,664 shares of the bank’s stock worth $17,068,000 after acquiring an additional 117,768 shares during the period. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on WTFC. Weiss Ratings reiterated a “buy (b-)” rating on shares of Wintrust Financial in a research note on Wednesday, October 8th. Cowen reaffirmed a “buy” rating on shares of Wintrust Financial in a research note on Wednesday, October 22nd. Jefferies Financial Group cut their price objective on shares of Wintrust Financial from $165.00 to $160.00 and set a “buy” rating on the stock in a report on Tuesday, October 21st. Raymond James Financial restated a “strong-buy” rating and set a $157.00 target price (up from $155.00) on shares of Wintrust Financial in a research note on Wednesday, July 23rd. Finally, TD Cowen initiated coverage on Wintrust Financial in a research report on Thursday, September 25th. They set a “buy” rating and a $166.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $152.92.

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $128.03 on Friday. The stock has a market capitalization of $8.57 billion, a price-to-earnings ratio of 11.77 and a beta of 0.91. Wintrust Financial Corporation has a one year low of $89.10 and a one year high of $142.04. The company’s 50-day simple moving average is $131.09 and its 200-day simple moving average is $127.32. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Thursday, November 6th. The bank reported $3.06 earnings per share for the quarter. Wintrust Financial had a return on equity of 13.05% and a net margin of 18.85%.The firm had revenue of $1.26 billion during the quarter. Equities analysts anticipate that Wintrust Financial Corporation will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 6th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, November 6th. Wintrust Financial’s dividend payout ratio is currently 18.38%.

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.