Leeward Investments LLC MA Trims Stock Position in Wintrust Financial Corporation $WTFC

Leeward Investments LLC MA lowered its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 25.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 172,260 shares of the bank’s stock after selling 59,244 shares during the period. Wintrust Financial makes up 1.2% of Leeward Investments LLC MA’s holdings, making the stock its 14th largest holding. Leeward Investments LLC MA’s holdings in Wintrust Financial were worth $24,085,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Root Financial Partners LLC purchased a new position in Wintrust Financial during the third quarter valued at approximately $27,000. Advisors Asset Management Inc. purchased a new position in Wintrust Financial during the first quarter valued at approximately $27,000. Quent Capital LLC purchased a new position in Wintrust Financial during the third quarter valued at approximately $41,000. Richardson Financial Services Inc. grew its stake in Wintrust Financial by 75.3% during the third quarter. Richardson Financial Services Inc. now owns 312 shares of the bank’s stock valued at $41,000 after acquiring an additional 134 shares in the last quarter. Finally, State of Wyoming purchased a new position in Wintrust Financial during the second quarter valued at approximately $41,000. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wintrust Financial Trading Down 0.1%

NASDAQ:WTFC opened at $146.49 on Friday. The company has a fifty day moving average of $142.35 and a 200 day moving average of $142.04. Wintrust Financial Corporation has a 52 week low of $114.73 and a 52 week high of $162.96. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $9.88 billion, a P/E ratio of 12.28 and a beta of 0.86.

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

Wintrust Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 14th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Thursday, May 14th. Wintrust Financial’s dividend payout ratio is currently 18.44%.

Insiders Place Their Bets

In other Wintrust Financial news, COO David A. Dykstra sold 9,579 shares of the company’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $148.82, for a total value of $1,425,546.78. Following the completion of the transaction, the chief operating officer directly owned 179,810 shares in the company, valued at approximately $26,759,324.20. This represents a 5.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David L. Stoehr sold 3,020 shares of the company’s stock in a transaction 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 transaction, the chief financial officer owned 13,213 shares of the company’s stock, valued at $1,987,895.85. This trade 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 currently owned by corporate insiders.

Analyst Ratings Changes

WTFC has been the subject of several recent analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $188.00 price objective (up from $184.00) on shares of Wintrust Financial in a research note on Wednesday, April 22nd. Truist Financial cut their price target on shares of Wintrust Financial from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. DA Davidson reissued a “buy” rating and issued a $165.00 price target on shares of Wintrust Financial in a research note on Tuesday, April 21st. Royal Bank Of Canada boosted their price target on shares of Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Wintrust Financial in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.92.

Wintrust Financial Profile

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.