Wintrust Financial Co. (NASDAQ:WTFC) Holdings Decreased by Baird Financial Group Inc.

Baird Financial Group Inc. reduced its stake in shares of Wintrust Financial Co. (NASDAQ:WTFCGet Rating) by 12.5% during the second quarter, Holdings Channel.com reports. The firm owned 2,880 shares of the bank’s stock after selling 412 shares during the period. Baird Financial Group Inc.’s holdings in Wintrust Financial were worth $231,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pinebridge Investments L.P. raised its stake in shares of Wintrust Financial by 307.0% during the second quarter. Pinebridge Investments L.P. now owns 407 shares of the bank’s stock valued at $33,000 after purchasing an additional 307 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Wintrust Financial by 31.8% during the first quarter. Quadrant Capital Group LLC now owns 730 shares of the bank’s stock valued at $68,000 after purchasing an additional 176 shares in the last quarter. Trust Co. of Vermont bought a new stake in shares of Wintrust Financial during the second quarter valued at about $80,000. Convergence Investment Partners LLC bought a new stake in shares of Wintrust Financial during the second quarter valued at about $125,000. Finally, Journey Strategic Wealth LLC bought a new stake in shares of Wintrust Financial during the first quarter valued at about $204,000. 92.21% of the stock is currently owned by institutional investors.

Wintrust Financial Trading Down 1.3 %

Shares of WTFC opened at $88.78 on Thursday. The business’s 50-day moving average price is $88.73 and its 200 day moving average price is $85.87. The stock has a market capitalization of $5.39 billion, a P/E ratio of 12.08, a P/E/G ratio of 0.63 and a beta of 1.21. Wintrust Financial Co. has a 1-year low of $76.13 and a 1-year high of $105.56. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.82.

Wintrust Financial (NASDAQ:WTFCGet Rating) last released its earnings results on Wednesday, October 19th. The bank reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.14. Wintrust Financial had a return on equity of 11.10% and a net margin of 23.23%. The company had revenue of $502.93 million for the quarter, compared to analysts’ expectations of $497.95 million. During the same quarter in the previous year, the business posted $1.77 EPS. The business’s revenue for the quarter was up 18.6% on a year-over-year basis. Analysts expect that Wintrust Financial Co. will post 8.39 earnings per share for the current year.

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 25th. Shareholders of record on Thursday, November 10th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $1.36 annualized dividend and a yield of 1.53%. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.50%.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial news, CFO David L. Stoehr sold 2,215 shares of Wintrust Financial stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $92.45, for a total transaction of $204,776.75. Following the transaction, the chief financial officer now owns 11,266 shares of the company’s stock, valued at approximately $1,041,541.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.41% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on WTFC shares. StockNews.com lowered Wintrust Financial from a “buy” rating to a “hold” rating in a report on Saturday, November 19th. Raymond James lifted their target price on Wintrust Financial from $111.00 to $118.00 and gave the stock a “strong-buy” rating in a report on Thursday, October 20th. Stephens lifted their target price on Wintrust Financial from $107.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, October 20th. DA Davidson reaffirmed a “buy” rating on shares of Wintrust Financial in a report on Wednesday, July 27th. Finally, Truist Financial lifted their target price on Wintrust Financial from $100.00 to $112.00 and gave the stock a “buy” rating in a report on Thursday, October 20th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Wintrust Financial has an average rating of “Moderate Buy” and a consensus target price of $110.88.

About Wintrust Financial

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding WTFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wintrust Financial Co. (NASDAQ:WTFCGet Rating).

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

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