Pinebridge Investments L.P. lowered its position in Wintrust Financial Corp (NASDAQ:WTFC) by 42.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 28,624 shares of the bank’s stock after selling 21,346 shares during the period. Pinebridge Investments L.P.’s holdings in Wintrust Financial were worth $2,357,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Cerebellum GP LLC acquired a new position in Wintrust Financial in the fourth quarter worth approximately $126,000. Bank of New York Mellon Corp increased its holdings in Wintrust Financial by 2.9% in the third quarter. Bank of New York Mellon Corp now owns 735,233 shares of the bank’s stock worth $57,576,000 after buying an additional 20,848 shares during the last quarter. Chicago Equity Partners LLC increased its holdings in Wintrust Financial by 2.2% in the fourth quarter. Chicago Equity Partners LLC now owns 192,080 shares of the bank’s stock worth $15,822,000 after buying an additional 4,120 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Wintrust Financial by 3.9% in the third quarter. Wells Fargo & Company MN now owns 298,804 shares of the bank’s stock worth $23,399,000 after buying an additional 11,209 shares during the last quarter. Finally, Rothschild Asset Management Inc. increased its holdings in Wintrust Financial by 1.7% in the third quarter. Rothschild Asset Management Inc. now owns 489,420 shares of the bank’s stock worth $38,326,000 after buying an additional 8,002 shares during the last quarter. Hedge funds and other institutional investors own 91.55% of the company’s stock.
Wintrust Financial Corp (NASDAQ:WTFC) opened at $85.70 on Wednesday. The stock has a market capitalization of $4,836.51, a price-to-earnings ratio of 19.48, a price-to-earnings-growth ratio of 1.16 and a beta of 0.85. Wintrust Financial Corp has a twelve month low of $64.14 and a twelve month high of $89.34. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 1.01.
Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Monday, January 22nd. The bank reported $1.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.04. The company had revenue of $300.14 million during the quarter, compared to analysts’ expectations of $299.47 million. Wintrust Financial had a return on equity of 9.49% and a net margin of 20.35%. The business’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the business earned $0.94 earnings per share. equities research analysts anticipate that Wintrust Financial Corp will post 5.52 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, February 7th. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.14. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.89%. Wintrust Financial’s dividend payout ratio (DPR) is presently 17.27%.
In related news, CFO David L. Stoehr sold 5,268 shares of Wintrust Financial stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $87.59, for a total value of $461,424.12. Following the completion of the transaction, the chief financial officer now directly owns 11,347 shares of the company’s stock, valued at $993,883.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Edward J. Wehmer sold 14,173 shares of Wintrust Financial stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $87.66, for a total value of $1,242,405.18. Following the completion of the transaction, the insider now directly owns 134,864 shares of the company’s stock, valued at $11,822,178.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,676 shares of company stock valued at $2,687,566. Company insiders own 1.97% of the company’s stock.
WTFC has been the topic of several analyst reports. Zacks Investment Research upgraded Wintrust Financial from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a report on Wednesday, December 27th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $90.00 price target on shares of Wintrust Financial in a report on Thursday, December 14th. SunTrust Banks reiterated a “hold” rating and set a $94.00 price target on shares of Wintrust Financial in a report on Tuesday, January 9th. BidaskClub upgraded Wintrust Financial from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $86.00 price target on shares of Wintrust Financial in a report on Tuesday, January 9th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $88.67.
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About Wintrust Financial
Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.
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