Leeward Investments LLC MA Has $32.01 Million Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

Leeward Investments LLC MA trimmed its holdings in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 6.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 256,664 shares of the bank’s stock after selling 19,108 shares during the period. Wintrust Financial makes up about 1.6% of Leeward Investments LLC MA’s investment portfolio, making the stock its 6th biggest position. Leeward Investments LLC MA owned 0.39% of Wintrust Financial worth $32,009,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WTFC. CWM LLC lifted its holdings in shares of Wintrust Financial by 387.1% during the 3rd quarter. CWM LLC now owns 1,135 shares of the bank’s stock worth $123,000 after acquiring an additional 902 shares during the period. Creative Planning lifted its holdings in Wintrust Financial by 21.7% during the 3rd quarter. Creative Planning now owns 13,341 shares of the bank’s stock valued at $1,448,000 after purchasing an additional 2,375 shares during the last quarter. International Assets Investment Management LLC bought a new position in Wintrust Financial during the 3rd quarter valued at about $35,000. West Michigan Advisors LLC bought a new position in Wintrust Financial during the 3rd quarter valued at about $247,000. Finally, Louisiana State Employees Retirement System lifted its holdings in Wintrust Financial by 5.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 18,400 shares of the bank’s stock valued at $1,997,000 after purchasing an additional 900 shares during the last quarter. 93.48% of the stock is owned by institutional investors.

Wintrust Financial Stock Down 3.9 %

Shares of NASDAQ:WTFC opened at $123.80 on Friday. Wintrust Financial Co. has a one year low of $91.38 and a one year high of $142.04. The company has a 50 day moving average of $129.01 and a 200-day moving average of $120.17. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.00. The stock has a market cap of $8.23 billion, a price-to-earnings ratio of 12.01 and a beta of 1.19.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Tuesday, January 21st. The bank reported $2.63 EPS for the quarter, topping the consensus estimate of $2.52 by $0.11. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same quarter in the previous year, the business posted $1.87 earnings per share. On average, sell-side analysts forecast that Wintrust Financial Co. will post 10.36 earnings per share for the current year.

Wintrust Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, February 6th. This represents a $2.00 dividend on an annualized basis and a yield of 1.62%. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.45. Wintrust Financial’s payout ratio is currently 19.40%.

Insider Activity at Wintrust Financial

In related news, CFO David L. Stoehr sold 2,363 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $131.32, for a total transaction of $310,309.16. Following the completion of the transaction, the chief financial officer now owns 19,858 shares in the company, valued at approximately $2,607,752.56. The trade was a 10.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard B. Murphy sold 3,186 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $131.30, for a total transaction of $418,321.80. Following the transaction, the insider now owns 48,814 shares of the company’s stock, valued at approximately $6,409,278.20. This represents a 6.13 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,178 shares of company stock worth $1,336,315. 1.47% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on WTFC. Piper Sandler lifted their price target on shares of Wintrust Financial from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Truist Financial raised shares of Wintrust Financial to a “strong-buy” rating in a report on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and set a $152.00 price target on shares of Wintrust Financial in a report on Thursday, January 23rd. StockNews.com downgraded shares of Wintrust Financial from a “hold” rating to a “sell” rating in a report on Saturday, February 15th. Finally, UBS Group assumed coverage on shares of Wintrust Financial in a research note on Tuesday, December 17th. They issued a “buy” rating and a $157.00 target price for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Wintrust Financial currently has a consensus rating of “Moderate Buy” and an average price target of $133.69.

Wintrust Financial 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.