Pinebridge Investments L.P. decreased its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 42.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,004 shares of the bank’s stock after selling 39,696 shares during the quarter. Pinebridge Investments L.P. owned about 0.10% of Wintrust Financial Corporation worth $4,129,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of WTFC. State Board of Administration of Florida Retirement System increased its stake in Wintrust Financial Corporation by 1.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 32,861 shares of the bank’s stock valued at $2,271,000 after purchasing an additional 575 shares in the last quarter. First Trust Advisors LP increased its stake in Wintrust Financial Corporation by 4.1% during the 1st quarter. First Trust Advisors LP now owns 113,371 shares of the bank’s stock valued at $7,836,000 after purchasing an additional 4,515 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Wintrust Financial Corporation by 1.6% during the 1st quarter. Bank of New York Mellon Corp now owns 673,646 shares of the bank’s stock valued at $46,562,000 after purchasing an additional 10,418 shares in the last quarter. LS Investment Advisors LLC increased its stake in Wintrust Financial Corporation by 77.7% during the 1st quarter. LS Investment Advisors LLC now owns 3,503 shares of the bank’s stock valued at $242,000 after purchasing an additional 1,532 shares in the last quarter. Finally, Swiss National Bank increased its stake in Wintrust Financial Corporation by 0.6% during the 1st quarter. Swiss National Bank now owns 85,367 shares of the bank’s stock valued at $5,901,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Wintrust Financial Corporation (NASDAQ:WTFC) traded down 0.23% during mid-day trading on Thursday, hitting $73.54. 18,626 shares of the stock were exchanged. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 18.55 and a beta of 0.81. Wintrust Financial Corporation has a 52-week low of $51.66 and a 52-week high of $80.52. The company has a 50 day moving average price of $72.50 and a 200 day moving average price of $72.46.

Wintrust Financial Corporation (NASDAQ:WTFC) last released its quarterly earnings results on Tuesday, July 18th. The bank reported $1.11 EPS for the quarter, beating the consensus estimate of $0.99 by $0.12. Wintrust Financial Corporation had a net margin of 19.24% and a return on equity of 9.15%. The firm had revenue of $294.38 million during the quarter, compared to the consensus estimate of $279.69 million. During the same quarter in the prior year, the firm earned $0.90 EPS. Wintrust Financial Corporation’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, analysts anticipate that Wintrust Financial Corporation will post $4.30 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Thursday, August 10th were given a $0.14 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $0.56 annualized dividend and a yield of 0.76%. Wintrust Financial Corporation’s dividend payout ratio (DPR) is 14.11%.

A number of research analysts have issued reports on the stock. Hovde Group restated a “market perform” rating and set a $80.00 price target (up previously from $76.50) on shares of Wintrust Financial Corporation in a research note on Wednesday, August 2nd. ValuEngine upgraded shares of Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Zacks Investment Research lowered shares of Wintrust Financial Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday. Jefferies Group LLC restated a “hold” rating and set a $80.00 price target on shares of Wintrust Financial Corporation in a research note on Friday, August 11th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $82.00 price target on shares of Wintrust Financial Corporation in a research note on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $80.88.

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In other Wintrust Financial Corporation news, Director Gary D. Sweeney purchased 485 shares of Wintrust Financial Corporation stock in a transaction that occurred on Friday, July 21st. The stock was purchased at an average price of $77.12 per share, for a total transaction of $37,403.20. Following the transaction, the director now directly owns 2,186 shares in the company, valued at $168,584.32. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David A. Dykstra sold 26,861 shares of the company’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $76.82, for a total transaction of $2,063,462.02. Following the completion of the sale, the executive vice president now owns 185,651 shares of the company’s stock, valued at approximately $14,261,709.82. The disclosure for this sale can be found here. 1.97% of the stock is owned by corporate insiders.

About Wintrust Financial Corporation

Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.

Institutional Ownership by Quarter for Wintrust Financial Corporation (NASDAQ:WTFC)

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