Channing Capital Management LLC Sells 86,484 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Channing Capital Management LLC trimmed its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 754,025 shares of the bank's stock after selling 86,484 shares during the quarter. Wintrust Financial comprises approximately 2.1% of Channing Capital Management LLC's investment portfolio, making the stock its 21st biggest position. Channing Capital Management LLC owned about 1.23% of Wintrust Financial worth $69,936,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of WTFC. Telemus Capital LLC boosted its holdings in shares of Wintrust Financial by 8.0% during the 3rd quarter. Telemus Capital LLC now owns 5,475 shares of the bank's stock worth $413,000 after buying an additional 405 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Wintrust Financial by 18.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,725 shares of the bank's stock valued at $961,000 after purchasing an additional 2,026 shares during the period. Park Avenue Securities LLC acquired a new position in shares of Wintrust Financial during the 3rd quarter worth approximately $409,000. Teacher Retirement System of Texas increased its stake in Wintrust Financial by 62.7% during the 3rd quarter. Teacher Retirement System of Texas now owns 28,188 shares of the bank's stock worth $2,128,000 after acquiring an additional 10,863 shares during the period. Finally, Mesirow Institutional Investment Management Inc. raised its holdings in Wintrust Financial by 2.0% in the 3rd quarter. Mesirow Institutional Investment Management Inc. now owns 137,791 shares of the bank's stock valued at $10,403,000 after acquiring an additional 2,707 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Edward J. Wehmer sold 9,500 shares of the business's stock in a transaction 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 sale, the insider now owns 177,124 shares of the company's stock, valued at $17,599,040.64. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.47% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wedbush restated an "outperform" rating and issued a $116.00 price target on shares of Wintrust Financial in a research report on Thursday, April 18th. Raymond James upped their price target on shares of Wintrust Financial from $95.00 to $115.00 and gave the stock a "strong-buy" rating in a report on Friday, January 19th. Jefferies Financial Group lifted their price objective on shares of Wintrust Financial from $114.00 to $120.00 and gave the company a "buy" rating in a research note on Monday, April 8th. UBS Group upped their target price on Wintrust Financial from $105.00 to $113.00 and gave the stock a "buy" rating in a research note on Tuesday, January 23rd. Finally, Keefe, Bruyette & Woods lifted their price target on Wintrust Financial from $103.00 to $106.00 and gave the company an "outperform" rating in a research note on Friday, January 19th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Wintrust Financial has an average rating of "Buy" and a consensus target price of $112.33.

Wintrust Financial Price Performance

WTFC stock traded up $0.67 during midday trading on Friday, reaching $100.73. 291,864 shares of the stock were exchanged, compared to its average volume of 374,689. Wintrust Financial Co. has a 52 week low of $58.12 and a 52 week high of $105.29. The company has a fifty day moving average price of $98.77 and a 200 day moving average price of $92.56. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.98 and a quick ratio of 0.97. The stock has a market capitalization of $6.22 billion, a PE ratio of 10.42 and a beta of 1.21.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its quarterly earnings results on Thursday, April 18th. The bank reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.47. The company had revenue of $604.77 million for the quarter, compared to analysts' expectations of $577.80 million. Wintrust Financial had a return on equity of 13.09% and a net margin of 17.86%. The business's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.80 earnings per share. As a group, analysts expect that Wintrust Financial Co. will post 10.17 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Wednesday, May 8th. Wintrust Financial's dividend payout ratio (DPR) is currently 18.61%.

About Wintrust Financial

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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