Leeward Investments LLC MA Sells 9,442 Shares of Wintrust Financial Corporation $WTFC

Leeward Investments LLC MA decreased its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 5.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,735 shares of the bank’s stock after selling 9,442 shares during the period. Wintrust Financial accounts for about 1.1% of Leeward Investments LLC MA’s portfolio, making the stock its 22nd biggest position. Leeward Investments LLC MA owned 0.23% of Wintrust Financial worth $22,228,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Norris Perne & French LLP MI bought a new stake in Wintrust Financial in the third quarter worth approximately $1,442,000. Signaturefd LLC lifted its stake in Wintrust Financial by 3.3% in the third quarter. Signaturefd LLC now owns 4,204 shares of the bank’s stock valued at $596,000 after buying an additional 134 shares during the period. Evergreen Capital Management LLC boosted its holdings in shares of Wintrust Financial by 10.3% during the 3rd quarter. Evergreen Capital Management LLC now owns 3,061 shares of the bank’s stock worth $434,000 after buying an additional 285 shares in the last quarter. Root Financial Partners LLC bought a new position in shares of Wintrust Financial during the 3rd quarter worth approximately $52,000. Finally, Vest Financial LLC boosted its holdings in shares of Wintrust Financial by 3.4% during the 3rd quarter. Vest Financial LLC now owns 53,262 shares of the bank’s stock worth $7,554,000 after buying an additional 1,738 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wintrust Financial Stock Performance

Shares of WTFC opened at $150.77 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.97 and a current ratio of 0.98. The stock has a 50 day moving average price of $148.46 and a two-hundred day moving average price of $152.50. The firm has a market capitalization of $10.17 billion, a P/E ratio of 11.56, a P/E/G ratio of 1.10 and a beta of 0.89. Wintrust Financial Corporation has a 52 week low of $122.00 and a 52 week high of $167.21.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Monday, October 19th. The bank reported $3.37 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $754.54 million. During the same period in the prior year, the business posted $3.06 earnings per share. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts forecast that Wintrust Financial Corporation will post 13.27 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 Thursday, November 19th. Investors of record on Thursday, November 5th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, November 5th. Wintrust Financial’s dividend payout ratio is presently 16.87%.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. DA Davidson set a $180.00 price objective on shares of Wintrust Financial in a research note on Tuesday, October 20th. Raymond James Financial set a $165.00 target price on shares of Wintrust Financial in a research report on Wednesday. Wall Street Zen raised shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Saturday, September 26th. Barclays reduced their price target on shares of Wintrust Financial from $192.00 to $190.00 and set an “overweight” rating for the company in a report on Monday, October 5th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Wintrust Financial in a report on Friday, September 25th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.00.

Wintrust Financial 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.