Sterling Capital Management LLC Sells 7,182 Shares of Wintrust Financial Corporation $WTFC

Sterling Capital Management LLC reduced its stake in Wintrust Financial Corporation (NASDAQ:WTFC) by 10.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,774 shares of the bank’s stock after selling 7,182 shares during the quarter. Sterling Capital Management LLC’s holdings in Wintrust Financial were worth $8,861,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in WTFC. Choreo LLC increased its position in Wintrust Financial by 3.4% during the 4th quarter. Choreo LLC now owns 2,121 shares of the bank’s stock valued at $299,000 after purchasing an additional 69 shares during the period. GAMMA Investing LLC lifted its position in shares of Wintrust Financial by 4.6% in the 4th quarter. GAMMA Investing LLC now owns 1,755 shares of the bank’s stock worth $245,000 after purchasing an additional 77 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Wintrust Financial by 0.9% in the 4th quarter. Quadrant Capital Group LLC now owns 8,914 shares of the bank’s stock valued at $1,246,000 after purchasing an additional 83 shares during the last quarter. Cresset Asset Management LLC increased its position in shares of Wintrust Financial by 2.4% during the third quarter. Cresset Asset Management LLC now owns 3,730 shares of the bank’s stock worth $494,000 after buying an additional 88 shares during the period. Finally, Savant Capital LLC raised its stake in Wintrust Financial by 1.4% during the fourth quarter. Savant Capital LLC now owns 6,748 shares of the bank’s stock worth $944,000 after buying an additional 95 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors.

Wintrust Financial Stock Performance

Shares of Wintrust Financial stock opened at $161.31 on Friday. The business has a 50-day simple moving average of $151.50 and a 200 day simple moving average of $146.71. Wintrust Financial Corporation has a one year low of $119.61 and a one year high of $163.36. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97. The firm has a market capitalization of $10.88 billion, a price-to-earnings ratio of 13.52 and a beta of 0.84.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, April 20th. The bank reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $2.96 by $0.26. The firm had revenue of $713.17 million during 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 company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.69 earnings per share. On average, research analysts anticipate that Wintrust Financial Corporation will post 13.09 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Thursday, May 14th. Wintrust Financial’s dividend payout ratio (DPR) is currently 18.44%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Truist Financial cut their price target on shares of Wintrust Financial from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Citigroup boosted their price objective on Wintrust Financial from $178.00 to $182.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Stephens began coverage on Wintrust Financial in a research report on Friday, March 27th. They set an “equal weight” rating and a $160.00 target price on the stock. DA Davidson reaffirmed a “buy” rating and set a $165.00 target price on shares of Wintrust Financial in a research note on Tuesday, April 21st. Finally, Barclays lifted their target price on Wintrust Financial from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $168.92.

Insider Activity at Wintrust Financial

In other news, Director Suzet M. Mckinney sold 500 shares of Wintrust Financial stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $148.96, for a total transaction of $74,480.00. Following the completion of the transaction, the director directly owned 3,303 shares in the company, valued at $492,014.88. This trade represents a 13.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David L. Stoehr sold 3,020 shares of the business’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $150.45, for a total transaction of $454,359.00. Following the sale, the chief financial officer directly owned 13,213 shares of the company’s stock, valued at approximately $1,987,895.85. The trade was a 18.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 13,099 shares of company stock valued at $1,954,386. 1.24% of the stock is owned by company insiders.

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.