Wintrust Financial Corporation $WTFC Shares Sold by Boston Partners

Key Points

• Boston Partners has reduced its stake in Wintrust Financial Corporation by 30.4%, owning approximately 367,001 shares worth about $40.9 million after selling 160,067 shares in the first quarter.
• Insider activity includes COO David A. Dykstra selling 14,942 shares, representing a 7.58% decrease in his position, while insider Edward J. Wehmer purchased 3,919 shares, increasing his holdings.
• Wall Street analysts are optimistic about Wintrust Financial's future, with a consensus rating of "Moderate Buy" and an average price target of $145.77, reflecting anticipated growth in earnings and stock performance.

Boston Partners decreased its holdings in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 30.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 367,001 shares of the bank's stock after selling 160,067 shares during the quarter. Boston Partners owned 0.55% of Wintrust Financial worth $40,908,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its holdings in Wintrust Financial by 43.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 349,983 shares of the bank's stock worth $39,359,000 after purchasing an additional 105,754 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in Wintrust Financial by 7.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,426 shares of the bank's stock worth $273,000 after purchasing an additional 165 shares during the period. Capstone Financial Advisors Inc. acquired a new position in Wintrust Financial in the 1st quarter worth about $297,000. Cetera Investment Advisers raised its holdings in Wintrust Financial by 24.5% in the 1st quarter. Cetera Investment Advisers now owns 19,663 shares of the bank's stock worth $2,211,000 after purchasing an additional 3,873 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in Wintrust Financial by 87.9% in the 1st quarter. Fifth Third Bancorp now owns 25,049 shares of the bank's stock worth $2,817,000 after buying an additional 11,719 shares during the last quarter. Institutional investors and hedge funds own 93.48% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on WTFC shares. Keefe, Bruyette & Woods increased their target price on Wintrust Financial from $130.00 to $138.00 and gave the company a "market perform" rating in a report on Wednesday, July 23rd. Piper Sandler reaffirmed an "overweight" rating and issued a $160.00 price target (up from $141.00) on shares of Wintrust Financial in a research note on Wednesday, July 23rd. Hovde Group increased their price objective on Wintrust Financial from $107.00 to $115.00 and gave the company a "market perform" rating in a research note on Wednesday, April 23rd. Stephens decreased their price objective on Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Finally, DA Davidson lifted their target price on shares of Wintrust Financial from $135.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $145.77.

Insider Buying and Selling

In other news, COO David A. Dykstra sold 14,942 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $131.53, for a total value of $1,965,321.26. Following the completion of the sale, the chief operating officer directly owned 182,208 shares in the company, valued at $23,965,818.24. This represents a 7.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Edward J. Wehmer purchased 3,919 shares of the company's stock in a transaction dated Friday, July 25th. The stock was bought at an average price of $26.35 per share, with a total value of $103,265.65. Following the completion of the transaction, the insider directly owned 3,919 shares of the company's stock, valued at approximately $103,265.65. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.01% of the stock is owned by corporate insiders.

Wintrust Financial Price Performance

Shares of WTFC stock traded down $0.81 during trading hours on Wednesday, reaching $127.15. The company had a trading volume of 32,120 shares, compared to its average volume of 439,611. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a fifty day moving average of $127.14 and a 200-day moving average of $119.81. The company has a market capitalization of $8.51 billion, a price-to-earnings ratio of 12.03 and a beta of 0.85. Wintrust Financial Corporation has a 12-month low of $89.10 and a 12-month high of $142.04.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The bank reported $2.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.59 by $0.19. The business had revenue of $670.78 million during the quarter, compared to analyst estimates of $661.43 million. Wintrust Financial had a return on equity of 12.08% and a net margin of 18.06%.During the same period in the prior year, the business earned $2.32 earnings per share. On average, equities analysts anticipate that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.

Wintrust Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th will be given a $0.50 dividend. The ex-dividend date is Thursday, August 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.6%. Wintrust Financial's dividend payout ratio is 18.92%.

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.