Reinhart Partners LLC. trimmed its position in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 25.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 584,589 shares of the bank's stock after selling 196,804 shares during the period. Wintrust Financial makes up about 2.8% of Reinhart Partners LLC.'s holdings, making the stock its 12th largest holding. Reinhart Partners LLC. owned about 0.88% of Wintrust Financial worth $72,904,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the business. Oliver Luxxe Assets LLC grew its stake in Wintrust Financial by 3.7% in the 4th quarter. Oliver Luxxe Assets LLC now owns 20,662 shares of the bank's stock worth $2,577,000 after acquiring an additional 732 shares during the period. GAMMA Investing LLC lifted its position in shares of Wintrust Financial by 23.9% in the 4th quarter. GAMMA Investing LLC now owns 1,256 shares of the bank's stock worth $157,000 after buying an additional 242 shares during the last quarter. Versant Capital Management Inc boosted its stake in 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 period. Principal Financial Group Inc. grew its holdings in Wintrust Financial by 11.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank's stock worth $141,981,000 after buying an additional 133,311 shares in the last quarter. Finally, Lord Abbett & CO. LLC lifted its holdings in Wintrust Financial by 6.2% in the third quarter. Lord Abbett & CO. LLC now owns 286,341 shares of the bank's stock worth $31,076,000 after purchasing an additional 16,668 shares during the period. Institutional investors and hedge funds own 93.48% of the company's stock.
Wintrust Financial Trading Up 1.5 %
Shares of WTFC stock traded up $1.91 during mid-day trading on Monday, reaching $126.52. 360,519 shares of the stock traded hands, compared to its average volume of 395,831. Wintrust Financial Co. has a 1-year low of $89.68 and a 1-year high of $142.04. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. The company has a market cap of $8.41 billion, a price-to-earnings ratio of 13.25 and a beta of 1.20. The stock's fifty day simple moving average is $130.34 and its two-hundred day simple moving average is $114.70.
Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its quarterly earnings results on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing analysts' consensus estimates of $2.50 by ($0.03). The business had revenue of $615.73 million for the quarter, compared to analyst estimates of $623.45 million. Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. Wintrust Financial's revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.53 EPS. On average, research analysts anticipate that Wintrust Financial Co. will post 10.12 EPS for the current fiscal year.
Wintrust Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Thursday, November 7th. Wintrust Financial's dividend payout ratio is currently 18.85%.
Insiders Place Their Bets
In related news, insider Richard B. Murphy sold 4,099 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total value of $473,967.37. Following the transaction, the insider now directly owns 42,311 shares in the company, valued at $4,892,420.93. This trade represents a 8.83 % 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 15,492 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $115.48, for a total value of $1,789,016.16. Following the transaction, the chief operating officer now directly owns 197,591 shares in the company, valued at approximately $22,817,808.68. The trade was a 7.27 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,198 shares of company stock worth $2,445,314. Company insiders own 1.47% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on WTFC shares. Piper Sandler raised their target price on shares of Wintrust Financial from $131.00 to $136.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. DA Davidson boosted their target price on Wintrust Financial from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Citigroup increased their target price on shares of Wintrust Financial from $126.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Raymond James raised their price target on Wintrust Financial from $125.00 to $135.00 and gave the company a "strong-buy" rating in a report on Wednesday, October 23rd. Finally, UBS Group started coverage on shares of Wintrust Financial in a research report on Tuesday, December 17th. They set a "buy" rating and a $157.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $128.00.
Read Our Latest Stock Analysis on WTFC
Wintrust Financial Company Profile
(
Free Report)
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.
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