Boston Partners Sells 50,946 Shares of Wintrust Financial Corporation $WTFC

Boston Partners reduced its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 13.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 316,055 shares of the bank’s stock after selling 50,946 shares during the quarter. Boston Partners owned approximately 0.47% of Wintrust Financial worth $39,284,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. lifted its position in shares of Wintrust Financial by 14.3% during the second quarter. First Horizon Advisors Inc. now owns 689 shares of the bank’s stock valued at $86,000 after buying an additional 86 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Wintrust Financial by 19.0% during the 2nd quarter. Bessemer Group Inc. now owns 600 shares of the bank’s stock worth $74,000 after acquiring an additional 96 shares in the last quarter. Allworth Financial LP lifted its position in Wintrust Financial by 28.2% during the second quarter. Allworth Financial LP now owns 450 shares of the bank’s stock valued at $56,000 after acquiring an additional 99 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Wintrust Financial by 0.5% in the first quarter. Louisiana State Employees Retirement System now owns 18,600 shares of the bank’s stock valued at $2,092,000 after acquiring an additional 100 shares in the last quarter. Finally, Securian Asset Management Inc. boosted its stake in Wintrust Financial by 2.0% in the first quarter. Securian Asset Management Inc. now owns 5,098 shares of the bank’s stock valued at $573,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on WTFC shares. Cowen reiterated a “buy” rating on shares of Wintrust Financial in a report on Wednesday, October 22nd. Royal Bank Of Canada increased their price target on Wintrust Financial from $137.00 to $158.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods raised their price target on Wintrust Financial from $130.00 to $138.00 and gave the stock a “market perform” rating in a report on Wednesday, July 23rd. Truist Financial upped their price objective on shares of Wintrust Financial from $151.00 to $158.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Finally, DA Davidson reiterated a “buy” rating and issued a $158.00 target price on shares of Wintrust Financial in a research note on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $152.92.

Wintrust Financial Stock Down 0.4%

NASDAQ:WTFC opened at $130.50 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 1.01. The company’s fifty day moving average price is $131.32 and its 200-day moving average price is $127.32. Wintrust Financial Corporation has a 1-year low of $89.10 and a 1-year high of $142.04. The firm has a market capitalization of $8.74 billion, a P/E ratio of 11.99 and a beta of 0.91.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Thursday, November 6th. The bank reported $3.06 earnings per share (EPS) for the quarter. The company had revenue of $1.26 billion during the quarter. Wintrust Financial had a net margin of 18.85% and a return on equity of 13.05%. As a group, equities research analysts anticipate that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Wintrust Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 6th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, November 6th. Wintrust Financial’s dividend payout ratio (DPR) is 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.