Leeward Investments LLC MA Has $25.35 Million Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

Leeward Investments LLC MA reduced its position in Wintrust Financial Co. (NASDAQ:WTFC) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 273,287 shares of the bank’s stock after selling 1,931 shares during the quarter. Wintrust Financial makes up about 1.2% of Leeward Investments LLC MA’s investment portfolio, making the stock its 13th largest holding. Leeward Investments LLC MA’s holdings in Wintrust Financial were worth $25,347,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. FMR LLC increased its holdings in shares of Wintrust Financial by 11.5% during the 3rd quarter. FMR LLC now owns 4,651,381 shares of the bank’s stock valued at $351,179,000 after acquiring an additional 480,942 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of Wintrust Financial by 102.2% during the 4th quarter. Jennison Associates LLC now owns 596,632 shares of the bank’s stock valued at $55,338,000 after acquiring an additional 301,528 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Wintrust Financial by 60.4% during the 3rd quarter. Invesco Ltd. now owns 716,253 shares of the bank’s stock valued at $54,077,000 after acquiring an additional 269,731 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Wintrust Financial by 21.5% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,172,242 shares of the bank’s stock valued at $88,504,000 after acquiring an additional 207,606 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Wintrust Financial by 58.2% during the 3rd quarter. Principal Financial Group Inc. now owns 363,558 shares of the bank’s stock valued at $27,449,000 after acquiring an additional 133,809 shares during the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WTFC has been the topic of a number of analyst reports. Royal Bank of Canada increased their price objective on Wintrust Financial from $109.00 to $116.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. Raymond James increased their target price on Wintrust Financial from $95.00 to $115.00 and gave the company a “strong-buy” rating in a research note on Friday, January 19th. Barclays decreased their target price on Wintrust Financial from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. UBS Group increased their target price on Wintrust Financial from $105.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Finally, StockNews.com upgraded Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Wintrust Financial currently has a consensus rating of “Buy” and a consensus price target of $112.33.

Insider Buying and Selling

In related news, insider Edward J. Wehmer sold 9,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $99.36, for a total transaction of $943,920.00. Following the completion of the transaction, the insider now owns 177,124 shares in the company, valued at approximately $17,599,040.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Edward J. Wehmer sold 9,500 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $99.36, for a total transaction of $943,920.00. Following the completion of the sale, the insider now directly owns 177,124 shares of the company’s stock, valued at approximately $17,599,040.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeffrey D. Hahnfeld sold 588 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total value of $57,553.44. Following the sale, the executive vice president now directly owns 3,410 shares of the company’s stock, valued at $333,770.80. The disclosure for this sale can be found here. Insiders sold 10,309 shares of company stock worth $1,023,730 in the last 90 days. 1.47% of the stock is owned by company insiders.

Wintrust Financial Price Performance

Shares of WTFC stock opened at $99.01 on Friday. The stock has a 50 day moving average of $98.56 and a two-hundred day moving average of $91.62. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.78. Wintrust Financial Co. has a 12 month low of $58.12 and a 12 month high of $105.29. The company has a market capitalization of $6.11 billion, a P/E ratio of 10.24 and a beta of 1.21.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Thursday, April 18th. The bank reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.47. Wintrust Financial had a return on equity of 13.09% and a net margin of 17.86%. The company had revenue of $604.77 million during the quarter, compared to the consensus estimate of $577.80 million. During the same quarter last year, the company earned $2.80 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, equities analysts expect that Wintrust Financial Co. will post 10.17 EPS for the current year.

Wintrust Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $1.80 annualized dividend and a dividend yield of 1.82%. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.61%.

Wintrust Financial 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.