Wintrust Financial Corporation $WTFC Holdings Trimmed by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. trimmed its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 29.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 330,524 shares of the bank’s stock after selling 140,710 shares during the period. Van Lanschot Kempen Investment Management N.V.’s holdings in Wintrust Financial were worth $46,214,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WTFC. Advisors Asset Management Inc. purchased a new position in Wintrust Financial during the 1st quarter worth approximately $27,000. Jones Financial Companies Lllp grew its holdings in shares of Wintrust Financial by 49.0% during the 1st quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank’s stock valued at $115,000 after acquiring an additional 335 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Wintrust Financial by 7.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 179,430 shares of the bank’s stock valued at $20,179,000 after acquiring an additional 12,103 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Wintrust Financial by 400.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 400 shares of the bank’s stock valued at $50,000 after acquiring an additional 320 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of Wintrust Financial by 1.6% during the 2nd quarter. Cerity Partners LLC now owns 23,120 shares of the bank’s stock valued at $2,866,000 after acquiring an additional 355 shares in the last quarter. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Royal Bank Of Canada boosted their price target on shares of Wintrust Financial from $175.00 to $185.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Truist Financial lowered their price target on shares of Wintrust Financial from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. TD Cowen boosted their price target on shares of Wintrust Financial from $173.00 to $176.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Stephens assumed coverage on shares of Wintrust Financial in a report on Friday, March 27th. They set an “equal weight” rating and a $160.00 price target on the stock. Finally, Piper Sandler restated an “overweight” rating and set a $188.00 price target (up from $184.00) on shares of Wintrust Financial in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Wintrust Financial has an average rating of “Moderate Buy” and a consensus price target of $168.92.

Insider Buying and Selling

In related news, Director Suzet M. Mckinney sold 500 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $148.96, for a total value of $74,480.00. Following the completion of the sale, the director directly owned 3,303 shares in the company, valued at approximately $492,014.88. This represents a 13.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 sale, the chief financial officer owned 13,213 shares of the company’s stock, valued at $1,987,895.85. This represents a 18.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 13,099 shares of company stock worth $1,954,386. Corporate insiders own 1.24% of the company’s stock.

Wintrust Financial Trading Up 2.2%

Shares of NASDAQ:WTFC opened at $159.26 on Friday. The stock has a market capitalization of $10.74 billion, a PE ratio of 13.35 and a beta of 0.84. Wintrust Financial Corporation has a 1 year low of $116.57 and a 1 year high of $162.96. The firm has a fifty day moving average price of $148.80 and a 200 day moving average price of $145.18. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.62.

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

Wintrust Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were issued a $0.55 dividend. The ex-dividend date was Thursday, May 14th. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. Wintrust Financial’s dividend payout ratio is currently 18.44%.

About Wintrust Financial

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.