Leeward Investments LLC MA Trims Stock Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

Leeward Investments LLC MA reduced its holdings in Wintrust Financial Co. (NASDAQ:WTFC) by 0.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 275,772 shares of the bank’s stock after selling 938 shares during the quarter. Wintrust Financial makes up 1.4% of Leeward Investments LLC MA’s portfolio, making the stock its 9th biggest position. Leeward Investments LLC MA owned approximately 0.41% of Wintrust Financial worth $29,930,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of WTFC. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Wintrust Financial by 8.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,234 shares of the bank’s stock worth $651,000 after acquiring an additional 498 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Wintrust Financial by 29.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 7,920 shares of the bank’s stock worth $827,000 after acquiring an additional 1,816 shares during the period. Whittier Trust Co. increased its holdings in shares of Wintrust Financial by 138.8% in the 1st quarter. Whittier Trust Co. now owns 578 shares of the bank’s stock worth $60,000 after acquiring an additional 336 shares during the period. Texas Permanent School Fund Corp increased its holdings in shares of Wintrust Financial by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 53,593 shares of the bank’s stock worth $5,595,000 after acquiring an additional 717 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in shares of Wintrust Financial by 17.2% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 4,702 shares of the bank’s stock worth $491,000 after acquiring an additional 691 shares during the period. 93.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on WTFC shares. Keefe, Bruyette & Woods cut shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $110.00 to $115.00 in a report on Friday, July 19th. Stephens reissued an “overweight” rating and set a $115.00 target price on shares of Wintrust Financial in a research note on Thursday, July 18th. Wedbush reissued an “outperform” rating and set a $130.00 target price on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Citigroup raised their target price on shares of Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Piper Sandler raised their target price on shares of Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $123.00.

Wintrust Financial Stock Performance

NASDAQ:WTFC opened at $131.43 on Thursday. Wintrust Financial Co. has a twelve month low of $76.67 and a twelve month high of $131.66. The company has a 50-day moving average of $109.79 and a 200-day moving average of $103.50. The firm has a market cap of $8.74 billion, a price-to-earnings ratio of 13.76 and a beta of 1.15. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing the consensus estimate of $2.50 by ($0.03). Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The firm had revenue of $615.73 million during the quarter, compared to analyst estimates of $623.45 million. During the same quarter in the previous year, the business earned $2.53 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Analysts forecast that Wintrust Financial Co. will post 10.12 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, November 7th. Wintrust Financial’s dividend payout ratio is currently 18.85%.

Insider Buying and Selling

In related news, insider Richard B. Murphy sold 4,099 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total transaction of $473,967.37. Following the completion of the sale, the insider now directly owns 42,311 shares in the company, valued at approximately $4,892,420.93. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Richard B. Murphy sold 4,099 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total transaction of $473,967.37. Following the completion of the sale, the insider now directly owns 42,311 shares in the company, valued at approximately $4,892,420.93. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David L. Stoehr sold 1,607 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $113.46, for a total transaction of $182,330.22. Following the sale, the chief financial officer now owns 14,874 shares of the company’s stock, valued at approximately $1,687,604.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,198 shares of company stock worth $2,445,314. 1.47% of the stock is owned by company insiders.

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.