Van Lanschot Kempen Investment Management N.V. Purchases 42,804 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Van Lanschot Kempen Investment Management N.V. grew its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 6.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 665,367 shares of the bank's stock after acquiring an additional 42,804 shares during the period. Wintrust Financial comprises about 0.8% of Van Lanschot Kempen Investment Management N.V.'s portfolio, making the stock its 29th largest holding. Van Lanschot Kempen Investment Management N.V. owned 1.00% of Wintrust Financial worth $82,978,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Norges Bank acquired a new stake in shares of Wintrust Financial during the fourth quarter valued at approximately $94,906,000. Sei Investments Co. lifted its holdings in shares of Wintrust Financial by 261.4% in the fourth quarter. Sei Investments Co. now owns 698,628 shares of the bank's stock valued at $87,126,000 after purchasing an additional 505,293 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Wintrust Financial by 36.5% during the fourth quarter. First Trust Advisors LP now owns 1,263,837 shares of the bank's stock valued at $157,613,000 after buying an additional 337,763 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Wintrust Financial in the 4th quarter worth about $40,562,000. Finally, Clearbridge Investments LLC grew its stake in Wintrust Financial by 41.3% during the 4th quarter. Clearbridge Investments LLC now owns 865,409 shares of the bank's stock valued at $107,925,000 after acquiring an additional 253,050 shares in the last quarter. 93.48% of the stock is owned by institutional investors.

Wintrust Financial Stock Performance

Shares of NASDAQ WTFC traded down $0.59 during trading hours on Friday, hitting $110.79. 450,883 shares of the stock were exchanged, compared to its average volume of 417,989. Wintrust Financial Co. has a one year low of $89.10 and a one year high of $142.04. The company's 50 day moving average is $111.18 and its 200 day moving average is $121.57. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.00. The firm has a market capitalization of $7.41 billion, a P/E ratio of 10.75 and a beta of 0.94.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The bank reported $2.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.52 by $0.17. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. The company had revenue of $643.11 million during the quarter, compared to analysts' expectations of $643.11 million. During the same period in the prior year, the company earned $2.89 earnings per share. On average, research analysts expect that Wintrust Financial Co. will post 10.36 EPS for the current year.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.81%. The ex-dividend date is Thursday, May 8th. Wintrust Financial's dividend payout ratio is currently 19.78%.

Insider Transactions at Wintrust Financial

In other Wintrust Financial news, CFO David L. Stoehr sold 2,363 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 19,858 shares of the company's stock, valued at $2,607,752.56. This represents a 10.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO David A. Dykstra sold 4,213 shares of the firm's stock in a transaction on 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 in the company, valued at $27,088,465.14. This represents a 2.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,178 shares of company stock worth $1,336,315 over the last three months. 1.01% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Hovde Group boosted their price objective on shares of Wintrust Financial from $107.00 to $115.00 and gave the company a "market perform" rating in a research report on Wednesday. Barclays lifted their price objective on Wintrust Financial from $138.00 to $145.00 and gave the company an "overweight" rating in a research report on Wednesday. Piper Sandler restated an "above average" rating on shares of Wintrust Financial in a research note on Wednesday. Raymond James set a $143.00 price target on Wintrust Financial and gave the company a "strong-buy" rating in a report on Wednesday. Finally, StockNews.com cut Wintrust Financial from a "hold" rating to a "sell" rating in a research note on Saturday, February 15th. One analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Wintrust Financial has a consensus rating of "Moderate Buy" and an average target price of $133.54.

Wintrust Financial Company Profile

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.