Wintrust Financial Co. (NASDAQ:WTFC) Holdings Trimmed by Channing Capital Management LLC

Channing Capital Management LLC decreased its position in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 797,270 shares of the bank's stock after selling 42,216 shares during the period. Wintrust Financial makes up approximately 2.7% of Channing Capital Management LLC's holdings, making the stock its 5th biggest position. Channing Capital Management LLC owned 1.20% of Wintrust Financial worth $99,428,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Global Retirement Partners LLC increased its position in shares of Wintrust Financial by 63.5% during the 4th quarter. Global Retirement Partners LLC now owns 376 shares of the bank's stock valued at $47,000 after purchasing an additional 146 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Wintrust Financial by 32.1% during the 4th quarter. Versant Capital Management Inc now owns 539 shares of the bank's stock valued at $67,000 after purchasing an additional 131 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Wintrust Financial during the 3rd quarter valued at about $61,000. Covestor Ltd increased 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 purchasing an additional 286 shares during the last quarter. Finally, UMB Bank n.a. increased its position in shares of Wintrust Financial by 32.2% during the 4th quarter. UMB Bank n.a. now owns 677 shares of the bank's stock valued at $84,000 after purchasing an additional 165 shares during the last quarter. Institutional investors own 93.48% of the company's stock.

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Wintrust Financial Stock Up 0.6 %

Shares of Wintrust Financial stock traded up $0.60 during trading on Tuesday, hitting $108.36. 417,720 shares of the stock traded hands, compared to its average volume of 446,281. Wintrust Financial Co. has a 52-week low of $91.38 and a 52-week high of $142.04. The stock's fifty day simple moving average is $127.05 and its 200 day simple moving average is $121.78. The firm has a market cap of $7.23 billion, a P/E ratio of 10.51 and a beta of 1.16. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The bank reported $2.63 earnings per share for the quarter, beating analysts' consensus estimates of $2.52 by $0.11. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same quarter in the prior year, the company earned $1.87 EPS. On average, equities analysts predict that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Thursday, February 6th. This is an increase from Wintrust Financial's previous quarterly dividend of $0.45. Wintrust Financial's dividend payout ratio (DPR) is currently 19.40%.

Insiders Place Their Bets

In related news, COO David A. Dykstra sold 4,213 shares of Wintrust Financial stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $131.31, for a total transaction of $553,209.03. Following the completion of the sale, the chief operating officer now owns 206,294 shares of the company's stock, valued at $27,088,465.14. The trade was a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David L. Stoehr sold 2,363 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $131.32, for a total value of $310,309.16. Following the transaction, the chief financial officer now owns 19,858 shares of the company's stock, valued at approximately $2,607,752.56. This represents a 10.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,178 shares of company stock valued at $1,336,315. 1.47% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

WTFC has been the subject of several research reports. StockNews.com lowered shares of Wintrust Financial from a "hold" rating to a "sell" rating in a research report on Saturday, February 15th. Royal Bank of Canada reissued an "outperform" rating and issued a $152.00 target price on shares of Wintrust Financial in a report on Thursday, January 23rd. Truist Financial upgraded Wintrust Financial to a "strong-buy" rating in a research note on Monday, January 6th. Barclays upped their price target on Wintrust Financial from $151.00 to $155.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Finally, Piper Sandler upped their price target on Wintrust Financial from $151.00 to $156.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $133.69.

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.