Skylands Capital LLC lessened its holdings in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 52.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 9,200 shares of the bank's stock after selling 10,200 shares during the period. Skylands Capital LLC's holdings in Wintrust Financial were worth $853,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Quent Capital LLC increased its position in shares of Wintrust Financial by 120.8% during the fourth quarter. Quent Capital LLC now owns 351 shares of the bank's stock valued at $33,000 after purchasing an additional 192 shares during the period. GAMMA Investing LLC bought a new stake in Wintrust Financial during the fourth quarter worth about $41,000. McGlone Suttner Wealth Management Inc. bought a new stake in Wintrust Financial during the 4th quarter worth approximately $46,000. Huntington National Bank increased its holdings in Wintrust Financial by 30.6% during the 3rd quarter. Huntington National Bank now owns 725 shares of the bank's stock valued at $55,000 after purchasing an additional 170 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position in Wintrust Financial by 21.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,028 shares of the bank's stock valued at $78,000 after purchasing an additional 183 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.
Wintrust Financial Trading Down 1.6 %
NASDAQ WTFC traded down $1.59 during trading on Tuesday, reaching $96.64. 222,330 shares of the stock traded hands, compared to its average volume of 406,436. The stock's 50-day moving average price is $98.59 and its 200 day moving average price is $92.01. The firm has a market cap of $5.97 billion, a price-to-earnings ratio of 9.99 and a beta of 1.21. Wintrust Financial Co. has a fifty-two week low of $58.12 and a fifty-two week high of $105.29. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.78.
Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its earnings results on Thursday, April 18th. The bank reported $2.89 earnings per share for the quarter, topping analysts' consensus estimates of $2.42 by $0.47. The firm had revenue of $604.77 million during the quarter, compared to analyst estimates of $577.80 million. Wintrust Financial had a net margin of 17.86% and a return on equity of 13.09%. The company's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.80 EPS. Analysts predict that Wintrust Financial Co. will post 10.17 EPS for the current year.
Wintrust Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $1.80 annualized dividend and a dividend yield of 1.86%. Wintrust Financial's dividend payout ratio is presently 18.61%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on WTFC shares. Stephens restated an "overweight" rating and issued a $110.00 target price on shares of Wintrust Financial in a research note on Tuesday, April 16th. Royal Bank of Canada upped their target price on shares of Wintrust Financial from $109.00 to $116.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 9th. StockNews.com raised shares of Wintrust Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 18th. Barclays decreased their price objective on Wintrust Financial from $135.00 to $130.00 and set an "overweight" rating on the stock in a research report on Friday, April 19th. Finally, Citigroup decreased their price target on Wintrust Financial from $115.00 to $113.00 and set a "buy" rating on the stock in a report on Monday, April 22nd. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $112.33.
Get Our Latest Stock Report on Wintrust Financial
Insider Activity
In related news, EVP Jeffrey D. Hahnfeld sold 588 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $97.88, for a total value of $57,553.44. Following the sale, the executive vice president now owns 3,410 shares in the company, valued at approximately $333,770.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Wintrust Financial news, insider Edward J. Wehmer sold 9,500 shares of Wintrust Financial stock in a transaction on Tuesday, March 5th. The stock was 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 directly owns 177,124 shares of the company's stock, valued at approximately $17,599,040.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jeffrey D. Hahnfeld sold 588 shares of the company's stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $97.88, for a total transaction of $57,553.44. Following the sale, 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. In the last ninety days, insiders have sold 10,309 shares of company stock valued at $1,023,730. 1.47% of the stock is owned by company insiders.
About Wintrust Financial
(
Free Report)
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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