Well Done LLC Has $398,000 Holdings in Wintrust Financial Corporation $WTFC

Key Points

• Well Done LLC reduced its holdings in Wintrust Financial Corporation by 37.2%, owning 3,209 shares worth approximately $398,000 at the end of the second quarter.
• Significant transactions included COO David Dykstra selling 14,942 shares for over $1.9 million, while insider Edward Wehmer increased his holdings by purchasing 3,919 shares.
• Wintrust Financial reported an earnings per share (EPS) of $2.78 for the latest quarter, surpassing estimates and showing growth from $2.32 EPS in the prior year.

Well Done LLC trimmed its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 37.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,209 shares of the bank's stock after selling 1,902 shares during the quarter. Well Done LLC's holdings in Wintrust Financial were worth $398,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of WTFC. Public Employees Retirement System of Ohio increased its stake in Wintrust Financial by 4.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 66,468 shares of the bank's stock valued at $8,241,000 after purchasing an additional 3,024 shares in the last quarter. Maseco LLP acquired a new position in shares of Wintrust Financial during the second quarter valued at about $25,000. CHICAGO TRUST Co NA increased its position in shares of Wintrust Financial by 591.9% during the second quarter. CHICAGO TRUST Co NA now owns 137,664 shares of the bank's stock worth $17,068,000 after acquiring an additional 117,768 shares in the last quarter. Oliver Luxxe Assets LLC raised its holdings in shares of Wintrust Financial by 1.1% in the 2nd quarter. Oliver Luxxe Assets LLC now owns 21,107 shares of the bank's stock worth $2,617,000 after acquiring an additional 222 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new position in Wintrust Financial in the 2nd quarter valued at about $2,117,000. 93.48% of the stock is currently owned by institutional investors.

Insider Transactions at Wintrust Financial

In other Wintrust Financial news, COO David A. Dykstra sold 14,942 shares of the company's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $131.53, for a total transaction 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 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 through this link. Also, insider Edward J. Wehmer bought 3,919 shares of the business's stock in a transaction on Friday, July 25th. The shares were acquired at an average price of $26.35 per share, with a total value of $103,265.65. Following the transaction, 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 disclosure for this purchase can be found here. Insiders own 1.01% of the company's stock.

Wintrust Financial Trading Down 1.0%

Shares of WTFC stock opened at $131.73 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.68. The firm has a market cap of $8.82 billion, a P/E ratio of 12.46 and a beta of 0.87. The company has a 50 day moving average of $132.27 and a 200-day moving average of $121.61. 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 data on Monday, July 21st. The bank reported $2.78 EPS for the quarter, beating the consensus estimate of $2.59 by $0.19. The business had revenue of $670.78 million for the quarter, compared to the consensus estimate of $661.43 million. Wintrust Financial had a return on equity of 12.08% and a net margin of 18.06%.During the same quarter in the prior year, the business earned $2.32 earnings per share. Sell-side analysts anticipate that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.

Wintrust Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Thursday, August 7th. Wintrust Financial's payout ratio is currently 18.92%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on WTFC shares. Jefferies Financial Group raised their price objective on Wintrust Financial from $150.00 to $165.00 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. Wall Street Zen upgraded shares of Wintrust Financial from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Royal Bank Of Canada increased their price objective on shares of Wintrust Financial from $137.00 to $158.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Truist Financial lifted their target price on shares of Wintrust Financial from $137.00 to $151.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, DA Davidson increased their price target on Wintrust Financial from $135.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. One research 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $147.31.

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.

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