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

Leeward Investments LLC MA cut its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 3.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 236,694 shares of the bank’s stock after selling 8,566 shares during the period. Wintrust Financial makes up approximately 1.6% of Leeward Investments LLC MA’s investment portfolio, making the stock its 7th largest holding. Leeward Investments LLC MA’s holdings in Wintrust Financial were worth $29,345,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WTFC. GAMMA Investing LLC lifted its holdings in Wintrust Financial by 89.8% during the first quarter. GAMMA Investing LLC now owns 2,384 shares of the bank’s stock worth $268,000 after acquiring an additional 1,128 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Wintrust Financial by 27.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,612 shares of the bank’s stock worth $856,000 after acquiring an additional 1,655 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Wintrust Financial by 8.0% during the first quarter. Janney Montgomery Scott LLC now owns 12,885 shares of the bank’s stock worth $1,449,000 after acquiring an additional 957 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in Wintrust Financial by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 7,788 shares of the bank’s stock worth $875,000 after acquiring an additional 205 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Wintrust Financial by 7.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,426 shares of the bank’s stock valued at $273,000 after purchasing an additional 165 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors.

Insider Activity at Wintrust Financial

In other news, COO David A. Dykstra sold 14,942 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $131.53, for a total value of $1,965,321.26. Following the completion of the transaction, the chief operating officer directly owned 182,208 shares in the company, valued at approximately $23,965,818.24. This represents a 7.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.01% of the company’s stock.

Analysts Set New Price Targets

WTFC has been the topic of a number of research reports. Royal Bank Of Canada boosted their price target on Wintrust Financial from $137.00 to $158.00 and gave the company an “outperform” rating in a report on Wednesday, July 23rd. DA Davidson reissued a “buy” rating and set a $158.00 price target on shares of Wintrust Financial in a research report on Tuesday. Keefe, Bruyette & Woods increased their price target on Wintrust Financial from $130.00 to $138.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 23rd. Jefferies Financial Group reduced their price target on Wintrust Financial from $165.00 to $160.00 and set a “buy” rating on the stock in a research report on Tuesday, October 21st. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $157.00 price target (up previously from $155.00) on shares of Wintrust Financial in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.92.

Wintrust Financial Trading Up 2.3%

Shares of WTFC stock opened at $129.04 on Friday. The stock’s fifty day moving average price is $132.48 and its two-hundred day moving average price is $124.83. The company has a market cap of $8.64 billion, a PE ratio of 11.86 and a beta of 0.83. Wintrust Financial Corporation has a fifty-two week low of $89.10 and a fifty-two week high of $142.04. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Monday, October 20th. The bank reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.63 by $0.43. The firm had revenue of $697.84 million for the quarter, compared to the consensus estimate of $689.10 million. Wintrust Financial had a return on equity of 13.05% and a net margin of 18.85%.During the same quarter last year, the business posted $2.47 EPS. Equities analysts predict that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Thursday, November 6th. Wintrust Financial’s dividend payout ratio is presently 18.38%.

Wintrust Financial 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.