Stieven Capital Advisors L.P. Sells 47,000 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Stieven Capital Advisors L.P. trimmed its holdings in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 22.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 166,060 shares of the bank's stock after selling 47,000 shares during the quarter. Wintrust Financial makes up approximately 3.4% of Stieven Capital Advisors L.P.'s holdings, making the stock its 9th biggest position. Stieven Capital Advisors L.P. owned 0.25% of Wintrust Financial worth $18,022,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Versant Capital Management Inc lifted its position in shares of Wintrust Financial by 825.0% in the second quarter. Versant Capital Management Inc now owns 296 shares of the bank's stock worth $29,000 after buying an additional 264 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Wintrust Financial in the 3rd quarter worth approximately $35,000. UMB Bank n.a. raised its holdings in shares of Wintrust Financial by 62.0% during the 3rd quarter. UMB Bank n.a. now owns 512 shares of the bank's stock worth $56,000 after acquiring an additional 196 shares in the last quarter. Covestor Ltd boosted its position in shares of Wintrust Financial by 77.9% during the 3rd quarter. Covestor Ltd now owns 653 shares of the bank's stock valued at $71,000 after acquiring an additional 286 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Wintrust Financial by 62.6% in the second quarter. GAMMA Investing LLC now owns 818 shares of the bank's stock valued at $81,000 after purchasing an additional 315 shares in the last quarter. 93.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WTFC has been the topic of a number of recent research reports. Truist Financial upped their price target 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. Wedbush restated an "outperform" rating and set a $130.00 target price on shares of Wintrust Financial in a research report on Tuesday, October 22nd. Raymond James lifted their price target on Wintrust Financial from $125.00 to $135.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, October 23rd. Piper Sandler upped their price objective on Wintrust Financial from $131.00 to $136.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Finally, DA Davidson raised their price objective on Wintrust Financial from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Wintrust Financial presently has an average rating of "Moderate Buy" and a consensus target price of $123.00.

Insider Activity at Wintrust Financial

In other Wintrust Financial news, insider Richard B. Murphy sold 4,099 shares of the firm'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 owns 42,311 shares of the company's stock, valued at approximately $4,892,420.93. This trade represents a 8.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO David A. Dykstra sold 15,492 shares of the business's stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following the completion of the sale, the chief operating officer now owns 197,591 shares of the company's stock, valued at approximately $22,817,808.68. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,198 shares of company stock worth $2,445,314. Company insiders own 1.47% of the company's stock.

Wintrust Financial Trading Up 0.6 %

WTFC stock traded up $0.81 during midday trading on Friday, reaching $131.76. The company's stock had a trading volume of 508,971 shares, compared to its average volume of 449,477. Wintrust Financial Co. has a 1 year low of $82.90 and a 1 year high of $136.08. The firm has a market capitalization of $8.76 billion, a price-to-earnings ratio of 13.80 and a beta of 1.15. The stock has a fifty day simple moving average of $113.19 and a two-hundred day simple moving average of $105.13. 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 (NASDAQ:WTFC - Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing the consensus estimate of $2.50 by ($0.03). The company had revenue of $615.73 million during the quarter, compared to analysts' expectations of $623.45 million. Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The company's quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.53 EPS. On average, equities research analysts predict that Wintrust Financial Co. will post 10.12 EPS for the current year.

Wintrust Financial Dividend Announcement

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

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.