Wintrust Financial Corporation $WTFC Shares Sold by Reinhart Partners LLC.

Reinhart Partners LLC. lowered its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 18.7% in the third quarter, HoldingsChannel.com reports. The firm owned 611,326 shares of the bank’s stock after selling 140,155 shares during the quarter. Wintrust Financial comprises 2.6% of Reinhart Partners LLC.’s holdings, making the stock its 16th largest position. Reinhart Partners LLC.’s holdings in Wintrust Financial were worth $80,966,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Maseco LLP acquired a new position in Wintrust Financial in the second quarter valued at approximately $25,000. Advisors Asset Management Inc. acquired a new position in Wintrust Financial during the first quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB lifted its stake in Wintrust Financial by 52.9% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 289 shares of the bank’s stock valued at $36,000 after buying an additional 100 shares during the last quarter. REAP Financial Group LLC boosted its holdings in shares of Wintrust Financial by 196.0% in the second quarter. REAP Financial Group LLC now owns 296 shares of the bank’s stock valued at $37,000 after acquiring an additional 196 shares during the period. Finally, Quent Capital LLC purchased a new position in shares of Wintrust Financial during the third quarter worth approximately $41,000. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Price Performance

Shares of NASDAQ:WTFC opened at $145.93 on Friday. Wintrust Financial Corporation has a 52 week low of $89.10 and a 52 week high of $149.79. The company has a 50-day moving average price of $138.46 and a 200 day moving average price of $133.67. The company has a market cap of $9.77 billion, a P/E ratio of 13.41 and a beta of 0.88. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.65.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Thursday, November 6th. The bank reported $3.06 earnings per share (EPS) for the quarter. The business had revenue of $1.26 billion during the quarter. Wintrust Financial had a return on equity of 12.82% and a net margin of 18.85%. Research analysts predict that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, November 6th. This represents a $2.00 dividend on an annualized basis and a yield of 1.4%. Wintrust Financial’s dividend payout ratio (DPR) is 18.38%.

Analyst Ratings Changes

Several analysts recently commented on WTFC shares. Jefferies Financial Group reduced their price target on shares of Wintrust Financial from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Tuesday, October 21st. Piper Sandler reaffirmed an “overweight” rating and issued a $161.00 target price (up from $160.00) on shares of Wintrust Financial in a report on Wednesday, October 22nd. Barclays raised their price target on Wintrust Financial from $175.00 to $178.00 and gave the stock an “overweight” rating in a report on Friday, December 19th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Wintrust Financial in a research note on Wednesday, October 8th. Finally, Truist Financial lifted their target price on Wintrust Financial from $151.00 to $158.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $154.50.

Wintrust Financial Company 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.