Stieven Capital Advisors L.P. Sells 10,400 Shares of Wintrust Financial Corporation $WTFC

Stieven Capital Advisors L.P. lowered its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 7.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,983 shares of the bank’s stock after selling 10,400 shares during the period. Wintrust Financial accounts for about 3.2% of Stieven Capital Advisors L.P.’s investment portfolio, making the stock its 12th largest position. Stieven Capital Advisors L.P.’s holdings in Wintrust Financial were worth $17,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Principal Financial Group Inc. lifted its position in shares of Wintrust Financial by 6.1% during the third quarter. Principal Financial Group Inc. now owns 1,300,234 shares of the bank’s stock worth $172,204,000 after purchasing an additional 75,155 shares during the last quarter. Cornerstone Planning Group LLC raised its holdings in shares of Wintrust Financial by 73,013.8% in the third quarter. Cornerstone Planning Group LLC now owns 42,406 shares of the bank’s stock valued at $5,616,000 after acquiring an additional 42,348 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Wintrust Financial by 417.9% in the third quarter. Thrivent Financial for Lutherans now owns 506,766 shares of the bank’s stock valued at $67,116,000 after acquiring an additional 408,925 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Wintrust Financial by 3.0% in the third quarter. Envestnet Asset Management Inc. now owns 405,599 shares of the bank’s stock worth $53,718,000 after purchasing an additional 11,644 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in Wintrust Financial by 5.4% in the third quarter. First Trust Advisors LP now owns 1,992,906 shares of the bank’s stock worth $263,940,000 after purchasing an additional 102,833 shares in the last quarter. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Trading Up 0.2%

Shares of WTFC stock opened at $149.89 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97. The company has a market cap of $10.11 billion, a price-to-earnings ratio of 12.56 and a beta of 0.86. The stock has a 50 day simple moving average of $143.39 and a 200-day simple moving average of $142.73. Wintrust Financial Corporation has a 1-year low of $114.73 and a 1-year high of $162.96.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results 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. The business had revenue of $713.17 million during the quarter, compared to the consensus estimate of $707.23 million. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.69 EPS. On average, equities research analysts expect that Wintrust Financial Corporation will post 13.07 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, May 14th. Wintrust Financial’s dividend payout ratio is presently 18.44%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. DA Davidson reiterated a “buy” rating and issued a $165.00 target price on shares of Wintrust Financial in a report on Tuesday, April 21st. TD Cowen boosted their price target on Wintrust Financial from $173.00 to $176.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Stephens started coverage on Wintrust Financial in a research note on Friday, March 27th. They set an “equal weight” rating and a $160.00 price target on the stock. Barclays boosted their price target on Wintrust Financial from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Finally, Royal Bank Of Canada boosted their price target on Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $168.92.

Insider Transactions at Wintrust Financial

In other Wintrust Financial news, 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 value of $74,480.00. Following the completion of the sale, the director directly owned 3,303 shares in the company, valued at $492,014.88. This represents a 13.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David L. Stoehr sold 3,020 shares of the company’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $150.45, for a total value of $454,359.00. Following the completion of the sale, the chief financial officer owned 13,213 shares of the company’s stock, valued at approximately $1,987,895.85. The trade was a 18.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 13,099 shares of company stock valued at $1,954,386 in the last three months. 1.24% of the stock is currently owned by company insiders.

Wintrust Financial Company 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.