Foundry Partners LLC raised its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 2.0% during the second quarter, Holdings Channel reports. The institutional investor owned 264,193 shares of the bank’s stock after buying an additional 5,285 shares during the period. Wintrust Financial Corporation comprises 0.8% of Foundry Partners LLC’s investment portfolio, making the stock its 12th largest position. Foundry Partners LLC’s holdings in Wintrust Financial Corporation were worth $20,195,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the stock. Shell Asset Management Co. acquired a new position in shares of Wintrust Financial Corporation during the first quarter worth approximately $811,000. Granite Investment Partners LLC increased its position in shares of Wintrust Financial Corporation by 1.4% in the first quarter. Granite Investment Partners LLC now owns 16,933 shares of the bank’s stock worth $1,170,000 after buying an additional 242 shares in the last quarter. First Mercantile Trust Co. increased its position in shares of Wintrust Financial Corporation by 6.4% in the first quarter. First Mercantile Trust Co. now owns 4,500 shares of the bank’s stock worth $311,000 after buying an additional 270 shares in the last quarter. Sit Investment Associates Inc. increased its position in shares of Wintrust Financial Corporation by 603.1% in the first quarter. Sit Investment Associates Inc. now owns 11,250 shares of the bank’s stock worth $778,000 after buying an additional 9,650 shares in the last quarter. Finally, Nationwide Fund Advisors increased its position in shares of Wintrust Financial Corporation by 51.8% in the first quarter. Nationwide Fund Advisors now owns 121,481 shares of the bank’s stock worth $8,397,000 after buying an additional 41,452 shares in the last quarter. 89.70% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Corporation (NASDAQ WTFC) opened at 73.00 on Friday. The stock has a 50 day moving average of $76.05 and a 200-day moving average of $72.76. Wintrust Financial Corporation has a 52 week low of $51.66 and a 52 week high of $80.52. The stock has a market cap of $4.07 billion, a P/E ratio of 18.41 and a beta of 0.81.

Wintrust Financial Corporation (NASDAQ:WTFC) last posted its earnings results on Tuesday, July 18th. The bank reported $1.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.12. The company had revenue of $294.38 million during the quarter, compared to the consensus estimate of $279.69 million. Wintrust Financial Corporation had a net margin of 19.24% and a return on equity of 9.15%. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.90 earnings per share. Analysts forecast that Wintrust Financial Corporation will post $4.30 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.77%. The ex-dividend date is Tuesday, August 8th. Wintrust Financial Corporation’s dividend payout ratio is 14.11%.

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A number of equities analysts have recently commented on the stock. Stephens downgraded shares of Wintrust Financial Corporation from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 10th. Piper Jaffray Companies set a $72.00 target price on shares of Wintrust Financial Corporation and gave the company a “hold” rating in a research note on Tuesday, July 18th. BidaskClub downgraded shares of Wintrust Financial Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Jefferies Group LLC reissued a “hold” rating and issued a $80.00 target price on shares of Wintrust Financial Corporation in a research note on Sunday, June 11th. Finally, Zacks Investment Research downgraded shares of Wintrust Financial Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $78.71.

In other Wintrust Financial Corporation news, EVP David A. Dykstra sold 26,861 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $76.82, for a total value of $2,063,462.02. Following the completion of the sale, the executive vice president now directly owns 185,651 shares of the company’s stock, valued at $14,261,709.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Edward J. Wehmer sold 29,779 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $76.89, for a total transaction of $2,289,707.31. Following the completion of the sale, the insider now directly owns 137,352 shares of the company’s stock, valued at $10,560,995.28. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

About Wintrust Financial Corporation

Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.

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Institutional Ownership by Quarter for Wintrust Financial Corporation (NASDAQ:WTFC)

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