Westfield Capital Management Co. LP boosted its stake in Wintrust Financial Corporation (NASDAQ:WTFC – Free Report) by 22.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 559,762 shares of the bank’s stock after purchasing an additional 102,798 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Wintrust Financial were worth $78,266,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. First Trust Advisors LP raised its stake in Wintrust Financial by 5.4% in the third quarter. First Trust Advisors LP now owns 1,992,906 shares of the bank’s stock valued at $263,940,000 after purchasing an additional 102,833 shares in the last quarter. Earnest Partners LLC raised its stake in Wintrust Financial by 0.6% in the third quarter. Earnest Partners LLC now owns 1,442,018 shares of the bank’s stock valued at $190,981,000 after purchasing an additional 8,048 shares in the last quarter. Geode Capital Management LLC raised its stake in Wintrust Financial by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,273,042 shares of the bank’s stock valued at $178,038,000 after purchasing an additional 16,997 shares in the last quarter. Bank of America Corp DE raised its stake in Wintrust Financial by 1.4% in the third quarter. Bank of America Corp DE now owns 1,071,763 shares of the bank’s stock valued at $141,944,000 after purchasing an additional 15,044 shares in the last quarter. Finally, Norges Bank acquired a new position in Wintrust Financial in the fourth quarter valued at about $111,924,000. Institutional investors and hedge funds own 93.48% of the company’s stock.
Insider Activity at Wintrust Financial
In related news, Director Suzet M. Mckinney sold 500 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $148.96, for a total value of $74,480.00. Following the sale, the director directly owned 3,303 shares in the company, valued at $492,014.88. This represents a 13.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO David L. Stoehr sold 3,020 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $150.45, for a total value of $454,359.00. Following the completion of the sale, the chief financial officer owned 13,213 shares in the company, valued at $1,987,895.85. The trade was a 18.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 13,099 shares of company stock worth $1,954,386 over the last ninety days. Insiders own 1.24% of the company’s stock.
Analyst Upgrades and Downgrades
Get Our Latest Research Report on Wintrust Financial
Wintrust Financial Stock Performance
Wintrust Financial stock opened at $152.49 on Friday. Wintrust Financial Corporation has a 12-month low of $116.57 and a 12-month 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 business’s 50-day moving average price is $146.55 and its two-hundred day moving average price is $144.13. The stock has a market cap of $10.29 billion, a PE ratio of 12.78 and a beta of 0.84.
Wintrust Financial (NASDAQ:WTFC – Get Free Report) last released its quarterly earnings results on Monday, April 20th. The bank reported $3.22 earnings per share for the quarter, topping the consensus estimate of $2.96 by $0.26. The company had revenue of $713.17 million for the quarter, compared to analysts’ expectations of $707.23 million. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.69 earnings per share. As a group, analysts expect that Wintrust Financial Corporation will post 13.07 earnings per share for the current fiscal year.
Wintrust Financial Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Thursday, May 14th. Wintrust Financial’s payout ratio is 18.44%.
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.
Featured Stories
- Five stocks we like better than Wintrust Financial
- Buy the Dip? Broadcom’s AI Moat Is Wider Than Ever
- The Great AI Server Rotation Puts Hewlett Packard Enterprise and Super Micro Computer in Focus
- Generac’s AI Power Pivot Raises a Bigger Question About Data Center Demand
- Medtronic Bottoms, Healthy Rebound Ahead
Want to see what other hedge funds are holding WTFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wintrust Financial Corporation (NASDAQ:WTFC – Free Report).
Receive News & Ratings for Wintrust Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wintrust Financial and related companies with MarketBeat.com's FREE daily email newsletter.
