Peregrine Capital Management LLC Has $8.09 Million Stake in Wintrust Financial Co. (NASDAQ:WTFC)

Peregrine Capital Management LLC cut its holdings in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 24.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 87,244 shares of the bank's stock after selling 28,754 shares during the quarter. Peregrine Capital Management LLC owned about 0.14% of Wintrust Financial worth $8,092,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Belpointe Asset Management LLC increased its stake in Wintrust Financial by 106.2% in the first quarter. Belpointe Asset Management LLC now owns 365 shares of the bank's stock valued at $27,000 after purchasing an additional 188 shares during the period. Quent Capital LLC boosted its holdings in shares of Wintrust Financial by 120.8% in the fourth quarter. Quent Capital LLC now owns 351 shares of the bank's stock valued at $33,000 after acquiring an additional 192 shares in the last quarter. Coppell Advisory Solutions Corp. purchased a new stake in shares of Wintrust Financial in the fourth quarter valued at about $44,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Wintrust Financial in the fourth quarter valued at about $46,000. Finally, Quarry LP boosted its holdings in shares of Wintrust Financial by 36.1% in the first quarter. Quarry LP now owns 663 shares of the bank's stock valued at $48,000 after acquiring an additional 176 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Edward J. Wehmer sold 9,500 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total value of $943,920.00. Following the completion of the transaction, the insider now owns 177,124 shares of the company's stock, valued at $17,599,040.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Edward J. Wehmer sold 9,500 shares of the company's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total transaction of $943,920.00. Following the completion of the transaction, the insider now owns 177,124 shares of the company's stock, valued at $17,599,040.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeffrey D. Hahnfeld sold 588 shares of the company's stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $97.88, for a total transaction of $57,553.44. Following the transaction, the executive vice president now directly owns 3,410 shares of the company's stock, valued at approximately $333,770.80. The disclosure for this sale can be found here. Company insiders own 1.39% of the company's stock.

Wintrust Financial Price Performance

WTFC traded down $3.26 during midday trading on Wednesday, reaching $98.23. 425,725 shares of the company's stock were exchanged, compared to its average volume of 405,229. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $6.06 billion, a PE ratio of 10.25 and a beta of 1.21. The business's 50-day moving average price is $97.72 and its 200 day moving average price is $89.82. Wintrust Financial Co. has a 1-year low of $58.12 and a 1-year high of $105.29.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its quarterly earnings data on Thursday, January 18th. The bank reported $1.87 earnings per share for the quarter, missing analysts' consensus estimates of $2.42 by ($0.55). The firm had revenue of $570.80 million during the quarter, compared to analyst estimates of $578.89 million. Wintrust Financial had a net margin of 18.71% and a return on equity of 13.23%. During the same period in the prior year, the firm earned $2.23 EPS. As a group, equities analysts anticipate that Wintrust Financial Co. will post 9.93 EPS for the current fiscal year.

Wintrust Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend was Wednesday, February 7th. This is a positive change from Wintrust Financial's previous quarterly dividend of $0.40. Wintrust Financial's payout ratio is currently 18.79%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Barclays assumed coverage on shares of Wintrust Financial in a report on Friday, March 8th. They issued an "overweight" rating and a $135.00 target price on the stock. Citigroup lifted their target price on shares of Wintrust Financial from $114.00 to $115.00 and gave the company a "buy" rating in a report on Monday, March 18th. Wedbush reaffirmed an "outperform" rating and issued a $110.00 target price on shares of Wintrust Financial in a report on Thursday, January 18th. Truist Financial boosted their price objective on shares of Wintrust Financial from $111.00 to $117.00 and gave the stock a "buy" rating in a report on Monday, April 1st. Finally, Jefferies Financial Group boosted their price objective on shares of Wintrust Financial from $114.00 to $120.00 and gave the stock a "buy" rating in a report on Monday. One investment analyst has rated the stock with a sell rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $111.17.

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.