Van Lanschot Kempen Investment Management N.V. Sells 96,409 Shares of Wintrust Financial Corporation $WTFC

Key Points

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Van Lanschot Kempen Investment Management N.V. cut its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 14.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 568,958 shares of the bank's stock after selling 96,409 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned 0.85% of Wintrust Financial worth $63,985,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Park Place Capital Corp grew its holdings in shares of Wintrust Financial by 1,264.7% during the 1st quarter. Park Place Capital Corp now owns 232 shares of the bank's stock worth $26,000 after purchasing an additional 215 shares in the last quarter. Wayfinding Financial LLC bought a new position in Wintrust Financial in the first quarter worth $36,000. Opal Wealth Advisors LLC acquired a new stake in Wintrust Financial during the first quarter worth $38,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Wintrust Financial in the 1st quarter valued at $53,000. Finally, Parallel Advisors LLC increased its holdings in Wintrust Financial by 33.9% in the 1st quarter. Parallel Advisors LLC now owns 593 shares of the bank's stock valued at $67,000 after buying an additional 150 shares during the period. 93.48% of the stock is currently owned by institutional investors.

Wintrust Financial Price Performance

WTFC stock traded down $0.12 during trading on Thursday, hitting $128.71. 199,394 shares of the stock traded hands, compared to its average volume of 378,567. The stock has a market cap of $8.62 billion, a price-to-earnings ratio of 12.18 and a beta of 0.85. Wintrust Financial Corporation has a one year low of $89.10 and a one year high of $142.04. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. The company has a 50 day simple moving average of $127.47 and a 200 day simple moving average of $119.88.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The bank reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.19. The firm had revenue of $670.78 million for the quarter, compared to analysts' expectations 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 prior year, the firm earned $2.32 earnings per share. Equities analysts expect that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Thursday, August 7th. Wintrust Financial's dividend payout ratio (DPR) is currently 18.92%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Stephens reduced their price objective on shares of Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Barclays reissued an "overweight" rating and issued a $162.00 price target (up previously from $145.00) on shares of Wintrust Financial in a research report on Tuesday, July 8th. Hovde Group raised their price target on shares of Wintrust Financial from $107.00 to $115.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 23rd. Piper Sandler reiterated an "overweight" rating and issued a $160.00 price objective (up from $141.00) on shares of Wintrust Financial in a research note on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods increased their target price on Wintrust Financial from $130.00 to $138.00 and gave the stock a "market perform" rating in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $145.77.

Insider Buying and Selling at Wintrust Financial

In other news, COO David A. Dykstra sold 14,942 shares of the firm's stock in a transaction 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 approximately $23,965,818.24. This trade represents a 7.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Edward J. Wehmer purchased 3,919 shares of the business's stock in a transaction that occurred on Friday, July 25th. The stock was acquired at an average cost of $26.35 per share, with a total value of $103,265.65. Following the completion of 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.01% of the company's stock.

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.