Wintrust Financial Corporation $WTFC Shares Sold by Van Lanschot Kempen Investment Management N.V.

Key Points

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Van Lanschot Kempen Investment Management N.V. trimmed its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 14.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 approximately 0.85% of Wintrust Financial worth $63,985,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Envestnet Asset Management Inc. raised its stake in shares of Wintrust Financial by 43.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 349,983 shares of the bank's stock worth $39,359,000 after buying an additional 105,754 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of Wintrust Financial by 7.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,426 shares of the bank's stock worth $273,000 after buying an additional 165 shares during the period. Capstone Financial Advisors Inc. acquired a new position in shares of Wintrust Financial during the 1st quarter worth approximately $297,000. Cetera Investment Advisers raised its stake in shares of Wintrust Financial by 24.5% during the 1st quarter. Cetera Investment Advisers now owns 19,663 shares of the bank's stock worth $2,211,000 after buying an additional 3,873 shares during the period. Finally, Fifth Third Bancorp raised its stake in shares of Wintrust Financial by 87.9% during 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 period. 93.48% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 value of $1,965,321.26. Following the transaction, the chief operating officer 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 filing with the SEC, which is available through this link. Also, insider Edward J. Wehmer bought 3,919 shares of the firm's stock in a transaction on Friday, July 25th. The stock was bought at an average cost of $26.35 per share, for a total transaction of $103,265.65. Following the transaction, 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. Corporate insiders own 1.01% of the company's stock.

Wintrust Financial Trading Up 4.1%

NASDAQ:WTFC traded up $5.31 during trading hours on Friday, hitting $134.02. The company had a trading volume of 489,618 shares, compared to its average volume of 364,689. 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 moving average of $127.79 and a 200 day moving average of $119.76. The company has a market cap of $8.97 billion, a P/E ratio of 12.68 and a beta of 0.85. Wintrust Financial Corporation has a 1 year low of $89.10 and a 1 year high of $142.04.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its 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 during the quarter, compared to analysts' expectations 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 EPS. Sell-side analysts expect that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.

Wintrust Financial Announces Dividend

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

Analysts Set New Price Targets

WTFC has been the subject of several research reports. Wall Street Zen upgraded Wintrust Financial from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. DA Davidson boosted their price target on Wintrust Financial from $135.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Barclays reiterated 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. Raymond James Financial reiterated 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. Finally, Piper Sandler reiterated 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 equities research 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 company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $145.77.

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.