Maltese Capital Management LLC Has $2.66 Million Holdings in Wintrust Financial Corporation $WTFC

Maltese Capital Management LLC reduced its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 19.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,000 shares of the bank’s stock after selling 4,727 shares during the quarter. Maltese Capital Management LLC’s holdings in Wintrust Financial were worth $2,657,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Elyxium Wealth LLC bought a new position in shares of Wintrust Financial during the 4th quarter worth approximately $31,000. Creative Financial Designs Inc. ADV grew its stake in shares of Wintrust Financial by 231.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock worth $32,000 after acquiring an additional 160 shares in the last quarter. Advisors Asset Management Inc. bought a new position in shares of Wintrust Financial during the 1st quarter worth approximately $27,000. Harbour Investments Inc. grew its stake in shares of Wintrust Financial by 72.7% during the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock worth $34,000 after acquiring an additional 101 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of Wintrust Financial during the 4th quarter worth approximately $41,000. 93.48% of the stock is owned by institutional investors.

Wintrust Financial Price Performance

NASDAQ:WTFC opened at $156.70 on Tuesday. Wintrust Financial Corporation has a 1-year low of $116.57 and a 1-year high of $162.96. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.62. The firm has a fifty day simple moving average of $149.15 and a 200 day simple moving average of $145.41. The stock has a market capitalization of $10.57 billion, a PE ratio of 13.13 and a beta of 0.85.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Monday, April 20th. The bank reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $0.26. Wintrust Financial had a net margin of 20.11% and a return on equity of 13.15%. The firm had revenue of $713.17 million during the quarter, compared to analysts’ expectations of $707.23 million. During the same period in the previous year, the business posted $2.69 earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, research analysts expect that Wintrust Financial Corporation will post 13.07 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, May 14th. Wintrust Financial’s payout ratio is 18.44%.

Insiders Place Their Bets

In other Wintrust Financial news, Director Suzet M. Mckinney sold 500 shares of Wintrust Financial stock in a transaction on 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 of the company’s stock, valued at $492,014.88. The trade was a 13.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David L. Stoehr sold 3,020 shares of Wintrust Financial stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $150.45, for a total transaction of $454,359.00. Following the transaction, the chief financial officer directly owned 13,213 shares of the company’s stock, valued at approximately $1,987,895.85. This trade represents a 18.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 13,099 shares of company stock valued at $1,954,386 over the last ninety days. 1.24% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on WTFC. Royal Bank Of Canada raised their price target on shares of Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Piper Sandler reissued an “overweight” rating and issued a $188.00 target price (up from $184.00) on shares of Wintrust Financial in a research note on Wednesday, April 22nd. DA Davidson reissued a “buy” rating and issued a $165.00 target price on shares of Wintrust Financial in a research note on Tuesday, April 21st. Stephens began coverage on shares of Wintrust Financial in a research note on Friday, March 27th. They issued an “equal weight” rating and a $160.00 target price for the company. Finally, TD Cowen raised their target price on shares of Wintrust Financial from $173.00 to $176.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $168.92.

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.