Stieven Capital Advisors L.P. Has $17.80 Million Stock Holdings in Wintrust Financial Corporation $WTFC

Stieven Capital Advisors L.P. trimmed its holdings in Wintrust Financial Corporation (NASDAQ:WTFC) by 20.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 134,383 shares of the bank’s stock after selling 33,977 shares during the quarter. Wintrust Financial comprises 3.4% of Stieven Capital Advisors L.P.’s portfolio, making the stock its 11th biggest holding. Stieven Capital Advisors L.P. owned about 0.20% of Wintrust Financial worth $17,798,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WTFC. Root Financial Partners LLC acquired a new stake in Wintrust Financial in the 3rd quarter valued at about $27,000. Advisors Asset Management Inc. acquired a new position in shares of Wintrust Financial during the first quarter worth approximately $27,000. Richardson Financial Services Inc. lifted its position in shares of Wintrust Financial by 75.3% during the third quarter. Richardson Financial Services Inc. now owns 312 shares of the bank’s stock worth $41,000 after purchasing an additional 134 shares in the last quarter. Quent Capital LLC bought a new stake in shares of Wintrust Financial during the third quarter valued at approximately $41,000. Finally, State of Wyoming bought a new stake in shares of Wintrust Financial during the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

Insider Transactions at Wintrust Financial

In related news, insider David Eric Lee sold 558 shares of Wintrust Financial stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $147.42, for a total transaction of $82,260.36. Following the transaction, the insider owned 16,085 shares of the company’s stock, valued at $2,371,250.70. This trade represents a 3.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kathleen M. Boege sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $146.38, for a total transaction of $731,900.00. Following the transaction, the executive vice president owned 22,883 shares of the company’s stock, valued at approximately $3,349,613.54. This represents a 17.93% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 11,662 shares of company stock valued at $1,705,730. Corporate insiders own 1.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on WTFC shares. Royal Bank Of Canada boosted their price objective on shares of Wintrust Financial from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. DA Davidson increased their price objective on 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 boosted their target price on Wintrust Financial from $170.00 to $177.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Stephens upped 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. Finally, Barclays raised their price target on Wintrust Financial from $178.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Wintrust Financial currently has a consensus rating of “Moderate Buy” and an average price target of $165.31.

Wintrust Financial Trading Down 1.0%

Shares of NASDAQ WTFC opened at $130.21 on Friday. Wintrust Financial Corporation has a fifty-two week low of $89.10 and a fifty-two week high of $162.96. The firm has a market capitalization of $8.76 billion, a P/E ratio of 11.42 and a beta of 0.85. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.99. The company’s 50 day simple moving average is $147.82 and its 200 day simple moving average is $138.83.

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

Wintrust Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 5th were issued a $0.55 dividend. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.50. This represents a $2.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Thursday, February 5th. Wintrust Financial’s dividend payout ratio is currently 19.30%.

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.