GW&K Investment Management LLC Has $47.99 Million Stock Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

GW&K Investment Management LLC trimmed its position in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 517,369 shares of the bank's stock after selling 17,997 shares during the quarter. GW&K Investment Management LLC owned approximately 0.84% of Wintrust Financial worth $47,986,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Quent Capital LLC boosted its holdings in 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 purchasing an additional 192 shares in the last quarter. GAMMA Investing LLC acquired a new stake in Wintrust Financial during the 4th quarter worth $41,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Wintrust Financial in the fourth quarter valued at $46,000. Huntington National Bank boosted its stake in Wintrust Financial by 30.6% in the third quarter. Huntington National Bank now owns 725 shares of the bank's stock valued at $55,000 after acquiring an additional 170 shares in the last quarter. Finally, Principal Securities Inc. purchased a new position in shares of Wintrust Financial during the fourth quarter worth about $59,000. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wintrust Financial Price Performance

Shares of WTFC traded down $0.37 during trading hours on Tuesday, reaching $100.14. The company had a trading volume of 289,179 shares, compared to its average volume of 383,135. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 10.36 and a beta of 1.21. Wintrust Financial Co. has a 12-month low of $62.87 and a 12-month high of $105.29. The firm has a 50 day simple moving average of $99.68 and a 200-day simple moving average of $94.74. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.78.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its quarterly earnings results on Thursday, April 18th. The bank reported $2.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.42 by $0.47. The company had revenue of $604.77 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm earned $2.80 EPS. Research analysts expect that Wintrust Financial Co. will post 10.17 earnings per share for the current year.

Wintrust Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $1.80 dividend on an annualized basis and a yield of 1.80%. Wintrust Financial's payout ratio is 18.61%.

Insider Buying and Selling at Wintrust Financial

In other 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 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 approximately $17,599,040.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.47% of the stock is owned by corporate insiders.

Analyst Ratings Changes

WTFC has been the subject of a number of research analyst reports. Royal Bank of Canada upped their target price on Wintrust Financial from $109.00 to $116.00 and gave the company an "outperform" rating in a research report on Tuesday, April 9th. Jefferies Financial Group lifted their target price on shares of Wintrust Financial from $114.00 to $120.00 and gave the company a "buy" rating in a report on Monday, April 8th. Wedbush reiterated an "outperform" rating and set a $116.00 price target on shares of Wintrust Financial in a research note on Thursday, April 18th. UBS Group lifted their price objective on shares of Wintrust Financial from $105.00 to $113.00 and gave the company a "buy" rating in a research note on Tuesday, January 23rd. Finally, Stephens reiterated an "overweight" rating and set a $110.00 target price on shares of Wintrust Financial in a research note on Tuesday, April 16th. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Wintrust Financial has a consensus rating of "Buy" and a consensus target price of $112.33.

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.