Stieven Capital Advisors L.P. Decreases Position in Wintrust Financial Co. (NASDAQ:WTFC)

Stieven Capital Advisors L.P. decreased its holdings in Wintrust Financial Co. (NASDAQ:WTFC) by 22.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 166,060 shares of the bank’s stock after selling 47,000 shares during the period. Wintrust Financial makes up about 3.4% of Stieven Capital Advisors L.P.’s portfolio, making the stock its 9th biggest position. Stieven Capital Advisors L.P.’s holdings in Wintrust Financial were worth $18,022,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of WTFC. Versant Capital Management Inc grew its position in Wintrust Financial by 825.0% during the 2nd quarter. Versant Capital Management Inc now owns 296 shares of the bank’s stock worth $29,000 after acquiring an additional 264 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Wintrust Financial in the 3rd quarter valued at about $35,000. UMB Bank n.a. grew its position in shares of Wintrust Financial by 62.0% in the 3rd quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock valued at $56,000 after buying an additional 196 shares during the last quarter. Covestor Ltd grew its position in shares of Wintrust Financial by 77.9% in the 3rd quarter. Covestor Ltd now owns 653 shares of the bank’s stock valued at $71,000 after buying an additional 286 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Wintrust Financial by 62.6% in the 2nd quarter. GAMMA Investing LLC now owns 818 shares of the bank’s stock valued at $81,000 after buying an additional 315 shares during the last quarter. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Stock Up 0.6 %

WTFC stock opened at $131.76 on Friday. The stock’s 50 day simple moving average is $113.19 and its 200 day simple moving average is $105.08. Wintrust Financial Co. has a fifty-two week low of $82.90 and a fifty-two week high of $136.08. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.01 and a current ratio of 1.02. The company has a market cap of $8.76 billion, a P/E ratio of 13.80 and a beta of 1.15.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The firm 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 earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, research analysts expect that Wintrust Financial Co. will post 10.12 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Thursday, November 7th. Wintrust Financial’s dividend payout ratio (DPR) is currently 18.85%.

Wall Street Analysts Forecast Growth

WTFC has been the topic of a number of analyst reports. DA Davidson upped their price target on Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Truist Financial upped their price target on Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Citigroup upped their price target on Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Raymond James boosted their price objective on Wintrust Financial from $125.00 to $135.00 and gave the company a “strong-buy” rating in a research note on Wednesday, October 23rd. Finally, Wedbush reissued an “outperform” rating and issued a $130.00 price objective on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $123.00.

Insider Buying and Selling

In related news, insider Richard B. Murphy sold 4,099 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total transaction of $473,967.37. Following the completion of the sale, the insider now directly owns 42,311 shares of the company’s stock, valued at approximately $4,892,420.93. This trade represents a 8.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO David A. Dykstra sold 15,492 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $115.48, for a total value of $1,789,016.16. Following the sale, the chief operating officer now directly owns 197,591 shares of the company’s stock, valued at $22,817,808.68. The trade was a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,198 shares of company stock valued at $2,445,314. 1.47% of the stock is owned by company insiders.

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.