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

Other institutional investors also recently made changes to their positions in the company. Park Place Capital Corp raised its position in shares of 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 purchasing an additional 215 shares in the last quarter. AlphaQuest LLC bought a new stake in shares of Wintrust Financial in the 1st quarter valued at approximately $33,000. Wayfinding Financial LLC bought a new stake in shares of Wintrust Financial in the 1st quarter valued at approximately $36,000. Opal Wealth Advisors LLC bought a new stake in shares of Wintrust Financial in the 1st quarter valued at approximately $38,000. Finally, SVB Wealth LLC bought a new position in Wintrust Financial during the 1st quarter worth $47,000. 93.48% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Wintrust Financial

In other news, insider Edward J. Wehmer purchased 3,919 shares of the business's stock in a transaction dated Friday, July 25th. The stock was bought at an average cost of $26.35 per share, with a total value of $103,265.65. Following the purchase, the insider directly owned 3,919 shares of the company's stock, valued at approximately $103,265.65. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO David A. Dykstra sold 14,942 shares of the firm's stock in a transaction dated 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 sale, the chief operating officer directly owned 182,208 shares of the company's stock, valued at $23,965,818.24. This trade represents a 7.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.01% of the company's stock.

Wintrust Financial Price Performance

WTFC stock traded down $0.87 during trading hours on Friday, hitting $137.29. 573,999 shares of the stock traded hands, compared to its average volume of 368,581. The stock has a 50-day simple moving average of $129.60 and a 200 day simple moving average of $120.06. Wintrust Financial Corporation has a one year low of $89.10 and a one year high of $142.04. The company has a market cap of $9.19 billion, a P/E ratio of 12.99 and a beta of 0.85. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its earnings results on Monday, July 21st. The bank reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.19. Wintrust Financial had a return on equity of 12.08% and a net margin of 18.06%.The business had revenue of $670.78 million during the quarter, compared to analysts' expectations of $661.43 million. During the same quarter last year, the business posted $2.32 earnings per share. Equities analysts forecast 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 was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $2.00 dividend on an annualized basis and a yield of 1.5%. Wintrust Financial's dividend payout ratio (DPR) is currently 18.92%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on WTFC. Wall Street Zen upgraded Wintrust Financial from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Keefe, Bruyette & Woods upped their price objective on Wintrust Financial from $130.00 to $138.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 23rd. Barclays restated an "overweight" rating and set a $162.00 price objective (up from $145.00) on shares of Wintrust Financial in a research note on Tuesday, July 8th. Truist Financial upped their price objective on shares of Wintrust Financial from $137.00 to $151.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Finally, Royal Bank Of Canada increased their target price on shares of Wintrust Financial from $137.00 to $158.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $145.77.

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.