Wintrust Financial Corporation $WTFC Stock Sold by Sterling Capital Management LLC

Sterling Capital Management LLC decreased its position in Wintrust Financial Corporation (NASDAQ:WTFC) by 11.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,619 shares of the bank’s stock after selling 7,115 shares during the quarter. Sterling Capital Management LLC owned 0.08% of Wintrust Financial worth $7,746,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of WTFC. Parallel Advisors LLC lifted its stake in Wintrust Financial by 7.7% in the 1st quarter. Parallel Advisors LLC now owns 976 shares of the bank’s stock valued at $136,000 after acquiring an additional 70 shares in the last quarter. MeadowBrook Investment Advisors LLC grew its stake in shares of Wintrust Financial by 3.0% during the 1st quarter. MeadowBrook Investment Advisors LLC now owns 2,545 shares of the bank’s stock worth $354,000 after acquiring an additional 75 shares in the last quarter. HB Wealth Management LLC grew its stake in shares of Wintrust Financial by 4.6% during the 2nd quarter. HB Wealth Management LLC now owns 2,072 shares of the bank’s stock worth $333,000 after acquiring an additional 91 shares in the last quarter. Compound Planning Inc. raised its holdings in shares of Wintrust Financial by 5.3% in the first quarter. Compound Planning Inc. now owns 1,868 shares of the bank’s stock valued at $260,000 after purchasing an additional 94 shares during the last quarter. Finally, Clearwater Capital Advisors LLC raised its holdings in shares of Wintrust Financial by 7.3% in the first quarter. Clearwater Capital Advisors LLC now owns 1,596 shares of the bank’s stock valued at $222,000 after purchasing an additional 109 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors.

Wintrust Financial Stock Performance

WTFC stock traded up $1.02 during trading hours on Friday, reaching $150.77. The stock had a trading volume of 620,922 shares, compared to its average volume of 583,467. The stock has a market capitalization of $10.17 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 1.18 and a beta of 0.89. The stock has a 50-day simple moving average of $148.46 and a 200 day simple moving average of $152.41. Wintrust Financial Corporation has a fifty-two week low of $122.00 and a fifty-two week high of $167.21. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.98 and a quick ratio of 0.97.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Monday, October 19th. The bank reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.06. Wintrust Financial had a return on equity of 13.31% and a net margin of 21.03%. The firm had revenue of $757.88 million for the quarter, compared to the consensus estimate of $754.54 million. During the same quarter in the previous year, the business earned $3.06 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. Analysts predict that Wintrust Financial Corporation will post 13.27 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Thursday, November 5th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Thursday, November 5th. Wintrust Financial’s dividend payout ratio (DPR) is currently 16.87%.

Insider Activity

In related news, COO David Dykstra sold 13,515 shares of Wintrust Financial stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $162.77, for a total transaction of $2,199,836.55. Following the completion of the sale, the chief operating officer owned 166,449 shares of the company’s stock, valued at approximately $27,092,903.73. The trade was a 7.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Richard Murphy sold 7,136 shares of the stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $148.66, for a total transaction of $1,060,837.76. Following the completion of the transaction, the insider directly owned 30,107 shares in the company, valued at approximately $4,475,706.62. This represents a 19.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.24% of the company’s stock.

Analyst Ratings Changes

WTFC has been the subject of several recent research reports. Wells Fargo & Company initiated coverage on shares of Wintrust Financial in a report on Thursday, September 24th. They set an “equal weight” rating and a $160.00 target price for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Wintrust Financial in a research report on Friday, September 25th. Barclays reduced their price objective on shares of Wintrust Financial from $192.00 to $190.00 and set an “overweight” rating for the company in a research note on Monday, October 5th. TD Cowen raised their price objective on Wintrust Financial from $173.00 to $174.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Raymond James Financial set a $165.00 target price on Wintrust Financial in a research report on Wednesday. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $175.00.

Wintrust Financial Company Profile

Wintrust Financial Corporation (NASDAQ: WTFC) is a financial holding company headquartered in Rosemont, Illinois. Through its network of community banking subsidiaries, the company provides banking and financial services to individuals, families, businesses and institutions.

Its offerings include checking and savings accounts, commercial and consumer lending, residential mortgages, treasury management, cash management and other deposit services. Wintrust also provides wealth management, investment services, insurance-related products and specialized finance solutions, including equipment finance and premium finance.

Founded in 1991, Wintrust has built its business through a community banking model that combines local decision-making and relationship-based service with the resources of a larger financial organization.