Wintrust Financial Corporation $WTFC Stock Holdings Raised by Reinhart Partners LLC.

Key Points

• Reinhart Partners LLC increased its stake in Wintrust Financial Corporation by 12.2%, now owning 751,481 shares valued at approximately $93.17 million, making it the 10th largest holding in its portfolio.
• The company recently reported $2.78 earnings per share for the quarter, exceeding analysts' expectations and showing a year-over-year increase from $2.32.
• Wintrust Financial declared a quarterly dividend of $0.50, resulting in an annualized yield of 1.5% and a payout ratio of 18.92%.

Reinhart Partners LLC. lifted its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 12.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 751,481 shares of the bank's stock after acquiring an additional 81,763 shares during the quarter. Wintrust Financial makes up approximately 3.2% of Reinhart Partners LLC.'s portfolio, making the stock its 10th biggest position. Reinhart Partners LLC. owned 1.12% of Wintrust Financial worth $93,170,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Harbor Capital Advisors Inc. boosted its holdings in shares of Wintrust Financial by 6.8% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 95,903 shares of the bank's stock valued at $11,890,000 after acquiring an additional 6,088 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Wintrust Financial by 52.9% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 289 shares of the bank's stock worth $36,000 after purchasing an additional 100 shares during the last quarter. Inspire Investing LLC raised its position in Wintrust Financial by 591.8% during the 1st quarter. Inspire Investing LLC now owns 22,254 shares of the bank's stock worth $2,503,000 after purchasing an additional 19,037 shares during the last quarter. Strs Ohio bought a new position in Wintrust Financial during the 1st quarter worth $11,793,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Wintrust Financial by 7.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 179,430 shares of the bank's stock worth $20,179,000 after purchasing an additional 12,103 shares during the last quarter. Institutional investors and hedge funds own 93.48% of the company's stock.

Insider Buying and Selling

In other Wintrust Financial news, insider Edward J. Wehmer bought 3,919 shares of the firm's stock in a transaction on Friday, July 25th. The stock was acquired at an average price of $26.35 per share, with a total value of $103,265.65. Following the completion of the purchase, the insider 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 document filed with the SEC, which can be accessed through this hyperlink. Also, COO David A. Dykstra sold 14,942 shares of the firm's stock in a transaction that occurred on 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 transaction, 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 position. The disclosure for this sale can be found here. 1.01% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

WTFC has been the subject of several research analyst reports. Keefe, Bruyette & Woods lifted their price objective on Wintrust Financial from $130.00 to $138.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 23rd. Jefferies Financial Group boosted their target price on Wintrust Financial from $150.00 to $165.00 and gave the company a "buy" rating in a research report on Wednesday, September 3rd. Wall Street Zen upgraded Wintrust Financial from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Piper Sandler restated an "overweight" rating and issued a $160.00 target price (up previously from $141.00) on shares of Wintrust Financial in a research note on Wednesday, July 23rd. Finally, DA Davidson boosted their target price on Wintrust Financial from $135.00 to $155.00 and gave the stock a "buy" rating in a research note 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 given a Hold rating to the company. According to data from MarketBeat.com, Wintrust Financial has an average rating of "Moderate Buy" and an average target price of $147.31.

Wintrust Financial Trading Down 1.2%

NASDAQ WTFC traded down $1.66 during trading on Friday, hitting $135.08. 879,986 shares of the company's stock traded hands, compared to its average volume of 387,426. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a fifty day moving average of $132.13 and a two-hundred day moving average of $121.26. The firm has a market cap of $9.04 billion, a P/E ratio of 12.78 and a beta of 0.87. 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 earnings results on Monday, July 21st. The bank reported $2.78 earnings per share for the quarter, topping analysts' consensus estimates of $2.59 by $0.19. Wintrust Financial had a net margin of 18.06% and a return on equity of 12.08%. The company had revenue of $670.78 million during the quarter, compared to analyst estimates of $661.43 million. During the same period in the prior year, the business posted $2.32 earnings per share. As a group, sell-side analysts expect that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Wintrust Financial Announces Dividend

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

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.