Leeward Investments LLC MA Trims Holdings in Wintrust Financial Corporation $WTFC

Leeward Investments LLC MA trimmed its holdings in Wintrust Financial Corporation (NASDAQ:WTFC) by 1.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,932 shares of the bank’s stock after selling 3,328 shares during the quarter. Wintrust Financial comprises about 1.2% of Leeward Investments LLC MA’s investment portfolio, making the stock its 17th biggest holding. Leeward Investments LLC MA owned about 0.25% of Wintrust Financial worth $23,471,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of WTFC. Advisors Asset Management Inc. purchased a new stake in Wintrust Financial in the first quarter worth about $27,000. Elyxium Wealth LLC purchased a new position in shares of Wintrust Financial during the fourth quarter valued at approximately $31,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of Wintrust Financial by 231.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock valued at $32,000 after purchasing an additional 160 shares during the last quarter. Harbour Investments Inc. boosted its position in shares of Wintrust Financial by 72.7% in the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock worth $34,000 after purchasing an additional 101 shares in the last quarter. Finally, Strive Financial Group LLC purchased a new stake in shares of Wintrust Financial in the 4th quarter worth approximately $39,000. 93.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WTFC has been the subject of a number of analyst reports. Truist Financial reduced their price objective on Wintrust Financial from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, March 23rd. Stephens started coverage on Wintrust Financial in a report on Friday, March 27th. They issued an “equal weight” rating and a $160.00 target price on the stock. Royal Bank Of Canada increased their target price on Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Piper Sandler reiterated an “overweight” rating and issued a $188.00 price target (up from $184.00) on shares of Wintrust Financial in a research note on Wednesday, April 22nd. Finally, Citigroup increased their price objective on shares of Wintrust Financial from $178.00 to $182.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. One equities research 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $168.92.

Wintrust Financial Stock Performance

WTFC stock opened at $157.47 on Wednesday. The stock has a market capitalization of $10.62 billion, a PE ratio of 13.20 and a beta of 0.85. Wintrust Financial Corporation has a 12-month low of $119.61 and a 12-month high of $162.96. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.62. The stock’s 50 day simple moving average is $150.61 and its 200 day simple moving average is $146.27.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Monday, April 20th. The bank reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $0.26. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.The business had revenue of $713.17 million during the quarter, compared to analyst estimates of $707.23 million. During the same quarter last year, the company earned $2.69 EPS. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. As a group, research analysts forecast that Wintrust Financial Corporation will post 13.07 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. Wintrust Financial’s dividend payout ratio (DPR) is 18.44%.

Insider Buying and Selling

In other Wintrust Financial news, Director Suzet M. Mckinney sold 500 shares of the business’s stock in a transaction dated 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 transaction, the director owned 3,303 shares of the company’s stock, valued at approximately $492,014.88. The trade was a 13.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David L. Stoehr sold 3,020 shares of Wintrust Financial stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $150.45, for a total transaction 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 $1,987,895.85. This represents a 18.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 13,099 shares of company stock worth $1,954,386. 1.24% of the stock is owned by corporate insiders.

About Wintrust Financial

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.