Stieven Capital Advisors L.P. Has $17.80 Million Holdings in Wintrust Financial Corporation $WTFC

Stieven Capital Advisors L.P. cut its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 20.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 134,383 shares of the bank’s stock after selling 33,977 shares during the period. Wintrust Financial accounts for approximately 3.4% of Stieven Capital Advisors L.P.’s portfolio, making the stock its 11th biggest position. Stieven Capital Advisors L.P.’s holdings in Wintrust Financial were worth $17,798,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WTFC. Cresset Asset Management LLC increased its holdings in shares of Wintrust Financial by 2.4% in the third quarter. Cresset Asset Management LLC now owns 3,730 shares of the bank’s stock worth $494,000 after acquiring an additional 88 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Wintrust Financial by 28.2% during the 2nd quarter. Allworth Financial LP now owns 450 shares of the bank’s stock valued at $56,000 after purchasing an additional 99 shares in the last quarter. MAI Capital Management lifted its holdings in shares of Wintrust Financial by 13.7% during the 2nd quarter. MAI Capital Management now owns 828 shares of the bank’s stock valued at $103,000 after purchasing an additional 100 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of Wintrust Financial by 20.6% in the 2nd quarter. NewEdge Advisors LLC now owns 586 shares of the bank’s stock valued at $73,000 after purchasing an additional 100 shares during the period. Finally, EJF Capital LLC increased its stake in Wintrust Financial by 2.5% during the 2nd quarter. EJF Capital LLC now owns 4,309 shares of the bank’s stock worth $534,000 after purchasing an additional 106 shares in the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Wintrust Financial news, EVP Jeffrey D. Hahnfeld sold 314 shares of Wintrust Financial stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $145.43, for a total value of $45,665.02. Following the sale, the executive vice president directly owned 1,947 shares in the company, valued at approximately $283,152.21. The trade was a 13.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kathleen M. Boege sold 5,000 shares of the business’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $146.38, for a total transaction of $731,900.00. Following the sale, the executive vice president directly owned 22,883 shares in the company, valued at $3,349,613.54. This trade represents a 17.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 11,662 shares of company stock valued at $1,705,730 in the last quarter. Company insiders own 1.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on WTFC shares. Piper Sandler raised their target price on shares of Wintrust Financial from $161.00 to $184.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. DA Davidson increased their price objective on shares of Wintrust Financial from $165.00 to $172.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Stephens raised their price objective on shares of Wintrust Financial from $158.00 to $162.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. UBS Group reaffirmed a “buy” rating and issued a $176.00 price objective on shares of Wintrust Financial in a research report on Wednesday, February 4th. Finally, Citigroup upped their target price on shares of Wintrust Financial from $167.00 to $178.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. One equities 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.31.

Wintrust Financial Trading Down 1.0%

NASDAQ WTFC opened at $130.21 on Friday. Wintrust Financial Corporation has a 52 week low of $89.10 and a 52 week high of $162.96. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.99 and a current ratio of 1.00. The stock’s 50 day moving average price is $147.82 and its two-hundred day moving average price is $138.83. The stock has a market capitalization of $8.76 billion, a price-to-earnings ratio of 11.42 and a beta of 0.85.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Tuesday, January 20th. The bank reported $3.15 earnings per share for the quarter, topping the consensus estimate of $2.93 by $0.22. Wintrust Financial had a net margin of 19.48% and a return on equity of 12.95%. The company had revenue of $714.26 million during the quarter, compared to analysts’ expectations of $700.85 million. During the same period last year, the business earned $2.63 EPS. As a group, analysts anticipate that Wintrust Financial Corporation will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 5th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.7%. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Thursday, February 5th. Wintrust Financial’s payout ratio is 19.30%.

About Wintrust Financial

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.