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

Maltese Capital Management LLC lowered its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 19.9% in the fourth quarter, according to its most recent disclosure with the SEC. 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of WTFC. Advisors Asset Management Inc. acquired a new stake in shares of Wintrust Financial during the first quarter worth $27,000. Elyxium Wealth LLC acquired a new stake in shares of Wintrust Financial during the fourth quarter worth $31,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of Wintrust Financial by 231.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock worth $32,000 after buying an additional 160 shares in the last quarter. Harbour Investments Inc. lifted its holdings in shares of Wintrust Financial by 72.7% during the fourth quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock worth $34,000 after buying an additional 101 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Wintrust Financial during the fourth quarter worth $41,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wintrust Financial Stock Down 1.6%

WTFC stock opened at $156.70 on Tuesday. The company has a market cap of $10.57 billion, a PE ratio of 13.13 and a beta of 0.85. The business has a 50-day simple moving average of $149.15 and a 200 day simple moving average of $145.41. Wintrust Financial Corporation has a 52 week low of $116.57 and a 52 week high of $162.96. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62.

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

Wintrust Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were paid a $0.55 dividend. 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%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WTFC. TD Cowen lifted their target price on Wintrust Financial from $173.00 to $176.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. 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. Citigroup lifted their target price on Wintrust Financial from $178.00 to $182.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Royal Bank Of Canada lifted their target price on Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Finally, Piper Sandler reissued an “overweight” rating and set a $188.00 target price (up from $184.00) on shares of Wintrust Financial in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Wintrust Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.92.

Insider Activity at Wintrust Financial

In related news, Director Suzet M. Mckinney sold 500 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $148.96, for a total value of $74,480.00. Following the completion of the transaction, the director 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 Securities & Exchange Commission, which is available through this link. Also, COO David A. Dykstra sold 9,579 shares of the business’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $148.82, for a total value of $1,425,546.78. Following the completion of the transaction, the chief operating officer directly owned 179,810 shares of the company’s stock, valued at approximately $26,759,324.20. This trade represents a 5.06% decrease in their position. 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 quarter. 1.24% of the stock is owned by corporate insiders.

About Wintrust Financial

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.