Wintrust Financial Corporation $WTFC Shares Sold by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC reduced its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 4.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 516,423 shares of the bank’s stock after selling 24,714 shares during the quarter. Frontier Capital Management Co. LLC owned about 0.77% of Wintrust Financial worth $64,026,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of WTFC. Maseco LLP bought a new position in Wintrust Financial during the second quarter valued at about $25,000. Advisors Asset Management Inc. acquired a new stake in Wintrust Financial in the 1st quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Wintrust Financial by 52.9% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 289 shares of the bank’s stock valued at $36,000 after purchasing an additional 100 shares in the last quarter. REAP Financial Group LLC grew its stake in shares of Wintrust Financial by 196.0% in the 2nd quarter. REAP Financial Group LLC now owns 296 shares of the bank’s stock worth $37,000 after purchasing an additional 196 shares during the last quarter. Finally, AlphaQuest LLC bought a new stake in shares of Wintrust Financial in the 1st quarter worth approximately $33,000. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Price Performance

Shares of NASDAQ:WTFC opened at $141.03 on Thursday. The firm has a market cap of $9.44 billion, a price-to-earnings ratio of 12.96 and a beta of 0.90. Wintrust Financial Corporation has a 1 year low of $89.10 and a 1 year high of $141.69. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.65. The business has a fifty day simple moving average of $130.55 and a 200 day simple moving average of $129.48.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Thursday, November 6th. The bank reported $3.06 earnings per share for the quarter. Wintrust Financial had a return on equity of 12.82% and a net margin of 18.85%.The company had revenue of $1.26 billion for the quarter. As a group, sell-side analysts predict that Wintrust Financial Corporation will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 6th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, November 6th. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.38%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on WTFC. Jefferies Financial Group reduced their target price on shares of Wintrust Financial from $165.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday, October 21st. Cowen reissued a “buy” rating on shares of Wintrust Financial in a research note on Wednesday, October 22nd. Barclays restated an “overweight” rating and issued a $175.00 target price on shares of Wintrust Financial in a report on Wednesday, October 8th. DA Davidson reaffirmed a “buy” rating and set a $158.00 target price on shares of Wintrust Financial in a report on Tuesday, October 21st. Finally, Piper Sandler reissued an “overweight” rating and issued a $161.00 price target (up previously from $160.00) on shares of Wintrust Financial in a research note on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $152.92.

Wintrust Financial Company 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.