MeadowBrook Investment Advisors LLC Lowers Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

MeadowBrook Investment Advisors LLC trimmed its position in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 2.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,800 shares of the bank’s stock after selling 80 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in Wintrust Financial were worth $304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Chartwell Investment Partners LLC increased its position in shares of Wintrust Financial by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 11,049 shares of the bank’s stock valued at $1,200,000 after purchasing an additional 89 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of Wintrust Financial by 11.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 866 shares of the bank’s stock valued at $85,000 after purchasing an additional 91 shares during the last quarter. Shaker Investments LLC OH increased its position in shares of Wintrust Financial by 0.3% during the 3rd quarter. Shaker Investments LLC OH now owns 28,928 shares of the bank’s stock valued at $3,140,000 after purchasing an additional 96 shares during the last quarter. US Bancorp DE increased its position in shares of Wintrust Financial by 0.5% during the 3rd quarter. US Bancorp DE now owns 24,716 shares of the bank’s stock valued at $2,682,000 after purchasing an additional 126 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its position in shares of Wintrust Financial by 1.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 10,304 shares of the bank’s stock valued at $1,016,000 after purchasing an additional 145 shares during the last quarter. 93.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Piper Sandler upped their price objective on Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Wedbush reaffirmed an “outperform” rating and issued a $130.00 price objective on shares of Wintrust Financial in a research report on Tuesday, October 22nd. Stephens reaffirmed an “overweight” rating and issued a $115.00 price objective on shares of Wintrust Financial in a research report on Thursday, July 18th. Citigroup upped their price objective on Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Raymond James raised their price target on Wintrust Financial from $125.00 to $135.00 and gave the company a “strong-buy” rating in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Wintrust Financial currently has an average rating of “Moderate Buy” and a consensus target price of $123.00.

Wintrust Financial Stock Performance

Shares of Wintrust Financial stock traded down $0.20 on Thursday, reaching $132.42. 53,555 shares of the stock were exchanged, compared to its average volume of 385,690. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. Wintrust Financial Co. has a twelve month low of $82.90 and a twelve month high of $136.08. The firm has a market capitalization of $8.80 billion, a price-to-earnings ratio of 13.89 and a beta of 1.15. The business has a 50 day moving average price of $112.11 and a two-hundred day moving average price of $104.60.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The firm had revenue of $615.73 million for the quarter, compared to analyst estimates of $623.45 million. During the same period last year, the firm earned $2.53 EPS. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. Analysts anticipate that Wintrust Financial Co. will post 10.12 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, November 7th. Wintrust Financial’s dividend payout ratio is currently 18.85%.

Insider Activity at Wintrust Financial

In related news, CFO David L. Stoehr sold 1,607 shares of Wintrust Financial stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $113.46, for a total transaction of $182,330.22. Following the completion of the transaction, the chief financial officer now directly owns 14,874 shares in the company, valued at approximately $1,687,604.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Wintrust Financial news, COO David A. Dykstra sold 15,492 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following the transaction, the chief operating officer now owns 197,591 shares of the company’s stock, valued at approximately $22,817,808.68. The trade was a 0.00 % 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 1,607 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $113.46, for a total value of $182,330.22. Following the transaction, the chief financial officer now directly owns 14,874 shares in the company, valued at $1,687,604.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,198 shares of company stock worth $2,445,314. 1.47% of the stock is owned by corporate insiders.

Wintrust Financial Company 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.