Keeley Teton Advisors LLC Has $7.53 Million Position in Wintrust Financial Corporation $WTFC

Key Points

• Keeley Teton Advisors LLC has reduced its stake in Wintrust Financial Corporation by 2.8%, holding 66,945 shares after selling 1,902 shares in the first quarter.
• Wall Street analysts have given Wintrust Financial a consensus rating of "Moderate Buy", with various price target increases, including Barclays at $162.00.
• Wintrust Financial recently announced a $0.50 quarterly dividend, yielding 1.5%, with a payout ratio of 18.92% as of the last report.

Keeley Teton Advisors LLC reduced its stake in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,945 shares of the bank's stock after selling 1,902 shares during the quarter. Wintrust Financial comprises 0.9% of Keeley Teton Advisors LLC's holdings, making the stock its 14th largest position. Keeley Teton Advisors LLC owned 0.10% of Wintrust Financial worth $7,529,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Park Place Capital Corp raised its holdings in Wintrust Financial by 1,264.7% in the 1st quarter. Park Place Capital Corp now owns 232 shares of the bank's stock valued at $26,000 after acquiring an additional 215 shares during the period. AlphaQuest LLC bought a new position in Wintrust Financial during the first quarter worth about $33,000. Wayfinding Financial LLC bought a new position in Wintrust Financial during the first quarter worth about $36,000. Opal Wealth Advisors LLC bought a new position in Wintrust Financial during the first quarter worth about $38,000. Finally, SVB Wealth LLC bought a new position in Wintrust Financial during the first quarter worth about $47,000. 93.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WTFC has been the topic of a number of recent research reports. DA Davidson raised their price target on shares of Wintrust Financial from $135.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada raised their price target on shares of Wintrust Financial from $137.00 to $158.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Raymond James Financial reaffirmed a "strong-buy" rating and set a $157.00 price target (up from $155.00) on shares of Wintrust Financial in a research report on Wednesday, July 23rd. Barclays reaffirmed an "overweight" rating and set a $162.00 price target (up from $145.00) on shares of Wintrust Financial in a research report on Tuesday, July 8th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $160.00 price target (up from $141.00) on shares of Wintrust Financial in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Wintrust Financial has an average rating of "Moderate Buy" and an average target price of $145.77.

Insider Buying and Selling

In other Wintrust Financial news, insider Edward J. Wehmer bought 3,919 shares of Wintrust Financial stock in a transaction on Friday, July 25th. The shares were purchased at an average cost of $26.35 per share, with a total value of $103,265.65. Following the acquisition, the insider directly owned 3,919 shares of the company's stock, valued at $103,265.65. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO David A. Dykstra sold 14,942 shares of the business'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 transaction of $1,965,321.26. Following the completion of the transaction, the chief operating officer owned 182,208 shares in the company, valued at $23,965,818.24. This trade represents a 7.58% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.01% of the company's stock.

Wintrust Financial Price Performance

Shares of Wintrust Financial stock traded down $0.87 during midday trading on Friday, hitting $137.29. 573,999 shares of the company traded hands, compared to its average volume of 441,733. The stock has a market cap of $9.19 billion, a price-to-earnings ratio of 12.99 and a beta of 0.85. 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 firm's fifty day moving average price is $129.26 and its 200-day moving average price is $120.09. 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 announced its quarterly earnings results on Monday, July 21st. The bank reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.19. The company had revenue of $670.78 million for the quarter, compared to analyst estimates of $661.43 million. Wintrust Financial had a net margin of 18.06% and a return on equity of 12.08%. During the same period in the previous year, the firm posted $2.32 EPS. As a group, sell-side analysts forecast that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, August 7th. Wintrust Financial's payout ratio is presently 18.92%.

About Wintrust Financial

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.