Wintrust Financial Corporation $WTFC Shares Sold by Reinhart Partners LLC.

Reinhart Partners LLC. cut its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 14.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 524,571 shares of the bank’s stock after selling 86,755 shares during the period. Wintrust Financial comprises about 2.2% of Reinhart Partners LLC.’s investment portfolio, making the stock its 24th biggest holding. Reinhart Partners LLC.’s holdings in Wintrust Financial were worth $73,348,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Cornerstone Planning Group LLC grew its stake in shares of Wintrust Financial by 73,013.8% during the third quarter. Cornerstone Planning Group LLC now owns 42,406 shares of the bank’s stock valued at $5,616,000 after acquiring an additional 42,348 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Wintrust Financial by 3.0% in the third quarter. Envestnet Asset Management Inc. now owns 405,599 shares of the bank’s stock worth $53,718,000 after purchasing an additional 11,644 shares in the last quarter. First Trust Advisors LP grew its stake in Wintrust Financial by 5.4% in the third quarter. First Trust Advisors LP now owns 1,992,906 shares of the bank’s stock worth $263,940,000 after purchasing an additional 102,833 shares in the last quarter. Clark Capital Management Group Inc. grew its stake in Wintrust Financial by 27.1% in the third quarter. Clark Capital Management Group Inc. now owns 572,816 shares of the bank’s stock worth $75,864,000 after purchasing an additional 122,221 shares in the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new position in Wintrust Financial in the third quarter worth about $14,094,000. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WTFC has been the subject of a number of research reports. Barclays lifted their price target on Wintrust Financial from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. DA Davidson reiterated a “buy” rating and issued a $165.00 price target on shares of Wintrust Financial in a research note on Tuesday, April 21st. Piper Sandler reiterated an “overweight” rating and issued a $188.00 price target (up from $184.00) on shares of Wintrust Financial in a research note on Wednesday, April 22nd. Citigroup lifted their price target on Wintrust Financial from $178.00 to $182.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Finally, Royal Bank Of Canada lifted their price target on Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $168.92.

Wintrust Financial Stock Performance

Shares of NASDAQ WTFC opened at $150.10 on Wednesday. The firm’s 50-day moving average price is $145.60 and its two-hundred day moving average price is $143.68. The stock has a market capitalization of $10.12 billion, a P/E ratio of 12.58 and a beta of 0.84. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62. Wintrust Financial Corporation has a 52-week low of $116.57 and a 52-week high of $162.96.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Monday, April 20th. The bank reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.96 by $0.26. The company had revenue of $713.17 million for the quarter, compared to analysts’ expectations of $707.23 million. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.69 earnings per share. As a group, sell-side analysts forecast that Wintrust Financial Corporation will post 13.07 earnings per share for the current year.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, May 14th. Wintrust Financial’s payout ratio is 18.44%.

Insider Activity

In other news, COO David A. Dykstra sold 9,579 shares of Wintrust Financial stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $148.82, for a total transaction of $1,425,546.78. Following the sale, the chief operating officer owned 179,810 shares of the company’s stock, valued at approximately $26,759,324.20. The trade was a 5.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO David L. Stoehr sold 3,020 shares of Wintrust Financial stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $150.45, for a total value of $454,359.00. Following the sale, the chief financial officer directly owned 13,213 shares in the company, valued at approximately $1,987,895.85. This trade represents a 18.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 13,099 shares of company stock valued at $1,954,386. Insiders own 1.24% of the company’s stock.

Wintrust Financial Company Profile

Wintrust Financial Corporation is a Chicago?area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid?size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.