Junto Capital Management LP Decreases Stock Position in Wintrust Financial Corporation $WTFC

Junto Capital Management LP cut its holdings in Wintrust Financial Corporation (NASDAQ:WTFC) by 17.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 292,590 shares of the bank’s stock after selling 64,007 shares during the period. Junto Capital Management LP’s holdings in Wintrust Financial were worth $47,025,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Parallel Advisors LLC lifted its holdings in shares of Wintrust Financial by 7.7% during the first quarter. Parallel Advisors LLC now owns 976 shares of the bank’s stock valued at $136,000 after purchasing an additional 70 shares in the last quarter. MeadowBrook Investment Advisors LLC raised its position in Wintrust Financial by 3.0% in the 1st quarter. MeadowBrook Investment Advisors LLC now owns 2,545 shares of the bank’s stock worth $354,000 after buying an additional 75 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in Wintrust Financial by 0.9% during the 4th quarter. Quadrant Capital Group LLC now owns 8,914 shares of the bank’s stock valued at $1,246,000 after acquiring an additional 83 shares during the period. Cresset Asset Management LLC lifted its stake in Wintrust Financial by 2.4% during the 3rd quarter. Cresset Asset Management LLC now owns 3,730 shares of the bank’s stock valued at $494,000 after acquiring an additional 88 shares during the period. Finally, HB Wealth Management LLC boosted its holdings in shares of Wintrust Financial by 4.6% during the 2nd quarter. HB Wealth Management LLC now owns 2,072 shares of the bank’s stock valued at $333,000 after acquiring an additional 91 shares during the last quarter. Institutional investors own 93.48% of the company’s stock.

Insider Activity at Wintrust Financial

In other news, COO David Dykstra sold 13,515 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $162.77, for a total value of $2,199,836.55. Following the completion of the sale, the chief operating officer directly owned 166,449 shares in the company, valued at $27,092,903.73. This represents a 7.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.24% of the stock is owned by company insiders.

Wintrust Financial Stock Performance

WTFC opened at $150.55 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.62. The company has a market cap of $10.16 billion, a price-to-earnings ratio of 12.09 and a beta of 0.84. The company’s 50 day moving average is $158.23 and its 200 day moving average is $151.02. Wintrust Financial Corporation has a 12-month low of $119.61 and a 12-month high of $167.21.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Monday, July 20th. The bank reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.15. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. The business had revenue of $738.63 million during the quarter, compared to analysts’ expectations of $735.36 million. During the same period in the prior year, the company earned $2.78 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. On average, equities research analysts predict that Wintrust Financial Corporation will post 13.04 EPS for the current year.

Wintrust Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. Wintrust Financial’s payout ratio is presently 17.67%.

Wall Street Analyst Weigh In

WTFC has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Wintrust Financial in a research note on Monday, June 29th. UBS Group restated a “neutral” rating and set a $170.00 price objective on shares of Wintrust Financial in a research report on Tuesday, July 7th. Capital One Financial set a $170.00 target price on shares of Wintrust Financial in a report on Tuesday, July 21st. Truist Financial lifted their target price on shares of Wintrust Financial from $170.00 to $183.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Finally, Piper Sandler set a $186.00 price target on Wintrust Financial in a report on Wednesday, July 22nd. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $177.77.

About Wintrust Financial

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.