Siena Capital Partners GP LLC Sells 23,980 Shares of Wintrust Financial Corporation $WTFC

Siena Capital Partners GP LLC lowered its position in Wintrust Financial Corporation (NASDAQ:WTFC) by 49.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,284 shares of the bank’s stock after selling 23,980 shares during the quarter. Siena Capital Partners GP LLC’s holdings in Wintrust Financial were worth $3,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Advisors Asset Management Inc. acquired a new position in Wintrust Financial in the 1st quarter valued at approximately $27,000. Jones Financial Companies Lllp lifted its holdings in shares of Wintrust Financial by 49.0% during the first quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank’s stock worth $115,000 after purchasing an additional 335 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Wintrust Financial by 7.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 179,430 shares of the bank’s stock worth $20,179,000 after purchasing an additional 12,103 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in Wintrust Financial by 1.5% in the second quarter. State of New Jersey Common Pension Fund D now owns 15,866 shares of the bank’s stock valued at $1,967,000 after purchasing an additional 229 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in Wintrust Financial by 12.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 393,955 shares of the bank’s stock worth $48,843,000 after purchasing an additional 43,972 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WTFC has been the subject of several recent research reports. Stephens increased their price target on Wintrust Financial from $158.00 to $162.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Wintrust Financial in a report on Wednesday, January 21st. DA Davidson increased their target price on shares of Wintrust Financial from $165.00 to $172.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. TD Cowen raised their price target on shares of Wintrust Financial from $170.00 to $177.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, Piper Sandler upped their price objective on shares of Wintrust Financial from $161.00 to $184.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Wintrust Financial has a consensus rating of “Moderate Buy” and a consensus price target of $165.31.

Insiders Place Their Bets

In related news, insider Richard B. Murphy sold 3,291 shares of the business’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $146.05, for a total value of $480,650.55. Following the completion of the sale, the insider directly owned 46,049 shares of the company’s stock, valued at $6,725,456.45. The trade was a 6.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO David L. Stoehr sold 2,499 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $146.16, for a total value of $365,253.84. Following the transaction, the chief financial officer directly owned 18,638 shares in the company, valued at approximately $2,724,130.08. This trade represents a 11.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 11,662 shares of company stock valued at $1,705,730. 1.01% of the stock is currently owned by corporate insiders.

Wintrust Financial Trading Down 5.3%

Shares of WTFC stock opened at $144.06 on Friday. Wintrust Financial Corporation has a fifty-two week low of $89.10 and a fifty-two week high of $162.96. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.99 and a current ratio of 1.00. The stock has a 50 day simple moving average of $148.50 and a two-hundred day simple moving average of $138.24. The company has a market cap of $9.65 billion, a P/E ratio of 12.64 and a beta of 0.88.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Tuesday, January 20th. The bank reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.22. The firm had revenue of $714.26 million for the quarter, compared to analysts’ expectations of $700.85 million. Wintrust Financial had a return on equity of 12.95% and a net margin of 19.48%.During the same period in the prior year, the business earned $2.63 EPS. Research analysts forecast that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.

Wintrust Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 5th were paid a dividend of $0.55 per share. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.50. This represents a $2.20 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, February 5th. Wintrust Financial’s payout ratio is currently 19.30%.

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.