Wintrust Financial Co. (NASDAQ:WTFC) Shares Sold by Reinhart Partners LLC.

Reinhart Partners LLC. cut its holdings in Wintrust Financial Co. (NASDAQ:WTFC) by 25.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 584,589 shares of the bank’s stock after selling 196,804 shares during the quarter. Wintrust Financial comprises approximately 2.8% of Reinhart Partners LLC.’s portfolio, making the stock its 12th largest holding. Reinhart Partners LLC. owned about 0.88% of Wintrust Financial worth $72,904,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in WTFC. International Assets Investment Management LLC purchased a new stake in shares of Wintrust Financial in the third quarter valued at about $35,000. UMB Bank n.a. boosted its holdings in shares of Wintrust Financial by 62.0% in the third quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock valued at $56,000 after acquiring an additional 196 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Wintrust Financial in the third quarter valued at about $61,000. Versant Capital Management Inc boosted its holdings in Wintrust Financial by 32.1% during the fourth quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock worth $67,000 after buying an additional 131 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in Wintrust Financial by 77.9% during the third quarter. Covestor Ltd now owns 653 shares of the bank’s stock worth $71,000 after buying an additional 286 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WTFC. DA Davidson boosted their price objective on shares of Wintrust Financial from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Wedbush restated an “outperform” rating and set a $130.00 target price on shares of Wintrust Financial in a research report on Tuesday, October 22nd. Citigroup lifted their target price on shares of Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. StockNews.com cut shares of Wintrust Financial from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. Finally, Raymond James lifted their target price on shares of Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Wintrust Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.00.

Wintrust Financial Trading Up 0.6 %

Shares of NASDAQ:WTFC traded up $0.74 during trading on Monday, reaching $125.35. The stock had a trading volume of 177,235 shares, compared to its average volume of 368,128. The business has a fifty day moving average price of $130.07 and a 200-day moving average price of $114.48. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. The stock has a market cap of $8.33 billion, a P/E ratio of 13.13 and a beta of 1.20. Wintrust Financial Co. has a fifty-two week low of $89.68 and a fifty-two week high of $142.04.

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

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 7th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.44%. The ex-dividend date was Thursday, November 7th. Wintrust Financial’s dividend payout ratio (DPR) is 18.85%.

Insider Buying and Selling

In other Wintrust Financial news, CFO David L. Stoehr sold 1,607 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total transaction of $182,330.22. Following the completion of the sale, the chief financial officer now directly owns 14,874 shares in the company, valued at $1,687,604.04. The trade was a 9.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO David A. Dykstra sold 15,492 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following the completion of the transaction, the chief operating officer now owns 197,591 shares of the company’s stock, valued at $22,817,808.68. This trade represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,198 shares of company stock valued at $2,445,314. Insiders own 1.47% of the company’s stock.

About Wintrust Financial

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.