GW&K Investment Management LLC Has $57.50 Million Stake in Wintrust Financial Corporation $WTFC

GW&K Investment Management LLC reduced its holdings in Wintrust Financial Corporation (NASDAQ:WTFC) by 17.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 411,213 shares of the bank’s stock after selling 85,581 shares during the quarter. GW&K Investment Management LLC’s holdings in Wintrust Financial were worth $57,497,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Wintrust Financial during the 4th quarter valued at $111,924,000. Wellington Management Group LLP acquired a new stake in shares of Wintrust Financial during the third quarter worth $90,187,000. Artemis Investment Management LLP acquired a new position in Wintrust Financial in the fourth quarter valued at about $59,287,000. Verition Fund Management LLC boosted its holdings in Wintrust Financial by 172.4% during the third quarter. Verition Fund Management LLC now owns 238,210 shares of the bank’s stock worth $31,549,000 after buying an additional 150,768 shares during the last quarter. Finally, Fiera Capital Corp boosted its holdings in Wintrust Financial by 32.8% during the fourth quarter. Fiera Capital Corp now owns 534,954 shares of the bank’s stock worth $74,797,000 after buying an additional 132,131 shares during the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wintrust Financial Stock Performance

Shares of WTFC opened at $155.20 on Wednesday. The stock has a market capitalization of $10.47 billion, a price-to-earnings ratio of 13.01 and a beta of 0.84. Wintrust Financial Corporation has a 12 month low of $116.57 and a 12 month high of $162.96. The firm has a fifty day simple moving average of $147.66 and a 200 day simple moving average of $144.72. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.62.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Monday, April 20th. The bank reported $3.22 EPS for the quarter, topping the consensus estimate of $2.96 by $0.26. The firm had revenue of $713.17 million for the quarter, compared to analysts’ expectations of $707.23 million. Wintrust Financial had a net margin of 20.11% and a return on equity of 13.15%. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.69 EPS. Research analysts forecast that Wintrust Financial Corporation will post 13.07 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently declared 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%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. DA Davidson reiterated a “buy” rating and issued a $165.00 price target on shares of Wintrust Financial in a research report on Tuesday, April 21st. Truist Financial cut their target price on shares of Wintrust Financial from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. Stephens assumed coverage on shares of Wintrust Financial in a report on Friday, March 27th. They issued an “equal weight” rating and a $160.00 price target for the company. Citigroup upped their price objective on shares of Wintrust Financial from $178.00 to $182.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. 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 given a Hold rating to the company. According to data from MarketBeat, Wintrust Financial has an average rating of “Moderate Buy” and a consensus price target of $168.92.

Insiders Place Their Bets

In other Wintrust Financial news, CFO David L. Stoehr sold 3,020 shares of the company’s stock in a transaction 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 transaction, the chief financial officer directly owned 13,213 shares in the company, valued at $1,987,895.85. The trade was a 18.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Suzet M. Mckinney sold 500 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $148.96, for a total transaction of $74,480.00. Following the sale, the director owned 3,303 shares of the company’s stock, valued at approximately $492,014.88. This represents a 13.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 13,099 shares of company stock valued at $1,954,386 over the last 90 days. 1.24% of the stock is currently owned by insiders.

Wintrust Financial 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.