Channing Capital Management LLC Has $89.85 Million Position in Wintrust Financial Corporation $WTFC

Channing Capital Management LLC reduced its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 678,426 shares of the bank’s stock after selling 8,042 shares during the quarter. Wintrust Financial accounts for 2.4% of Channing Capital Management LLC’s holdings, making the stock its 9th biggest holding. Channing Capital Management LLC owned approximately 1.01% of Wintrust Financial worth $89,851,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Advisors Asset Management Inc. acquired a new stake in Wintrust Financial during the first quarter worth about $27,000. Jones Financial Companies Lllp boosted its position in shares of Wintrust Financial by 49.0% during the 1st quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank’s stock worth $115,000 after acquiring an additional 335 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Wintrust Financial by 7.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 179,430 shares of the bank’s stock valued at $20,179,000 after acquiring an additional 12,103 shares during the last quarter. CWM LLC raised its position in Wintrust Financial by 13.8% during the second quarter. CWM LLC now owns 1,398 shares of the bank’s stock valued at $173,000 after purchasing an additional 169 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Wintrust Financial during the second quarter worth $675,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

Insider Activity at Wintrust Financial

In related news, EVP Jeffrey D. Hahnfeld sold 314 shares of the business’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $145.43, for a total value of $45,665.02. Following the sale, the executive vice president owned 1,947 shares of the company’s stock, valued at $283,152.21. The trade was a 13.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO David L. Stoehr sold 2,499 shares of the stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $146.16, for a total value of $365,253.84. Following the completion of the sale, the chief financial officer owned 18,638 shares of the company’s stock, valued at $2,724,130.08. The trade was a 11.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 11,662 shares of company stock valued at $1,705,730 in the last quarter. Insiders own 1.01% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on WTFC. UBS Group reiterated a “buy” rating and issued a $176.00 price target on shares of Wintrust Financial in a research note on Wednesday, February 4th. Stephens raised their price objective on Wintrust Financial from $158.00 to $162.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. Truist Financial boosted their target price on Wintrust Financial from $158.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Royal Bank Of Canada raised their price target on shares of Wintrust Financial from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. Finally, Citigroup lifted their price target on shares of Wintrust Financial from $167.00 to $178.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Wintrust Financial currently has an average rating of “Moderate Buy” and a consensus price target of $165.31.

Wintrust Financial Price Performance

Wintrust Financial stock opened at $156.30 on Friday. The stock has a 50-day moving average price of $147.77 and a two-hundred day moving average price of $137.38. Wintrust Financial Corporation has a 12 month low of $89.10 and a 12 month high of $162.96. The company has a market capitalization of $10.47 billion, a PE ratio of 13.71 and a beta of 0.88. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.66.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Tuesday, January 20th. The bank reported $3.15 earnings per share for the quarter, topping the consensus estimate of $2.93 by $0.22. The company had revenue of $714.26 million for the quarter, compared to analysts’ expectations of $700.85 million. Wintrust Financial had a return on equity of 12.95% and a net margin of 19.48%.During the same period in the previous year, the business posted $2.63 earnings per share. Analysts expect that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Wintrust Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, February 5th. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.50. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. Wintrust Financial’s payout ratio is 19.30%.

Wintrust Financial Company Profile

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.