Choreo LLC Reduces Stock Holdings in Wintrust Financial Corporation $WTFC

Choreo LLC trimmed its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 67.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,052 shares of the bank’s stock after selling 4,326 shares during the period. Choreo LLC’s holdings in Wintrust Financial were worth $272,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of WTFC. First Horizon Advisors Inc. raised its stake in shares of Wintrust Financial by 14.3% during the second quarter. First Horizon Advisors Inc. now owns 689 shares of the bank’s stock valued at $86,000 after acquiring an additional 86 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Wintrust Financial by 28.2% during the second quarter. Allworth Financial LP now owns 450 shares of the bank’s stock worth $56,000 after purchasing an additional 99 shares during the period. MAI Capital Management grew its stake in shares of Wintrust Financial by 13.7% in the second quarter. MAI Capital Management now owns 828 shares of the bank’s stock worth $103,000 after purchasing an additional 100 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Wintrust Financial by 20.6% during the 2nd quarter. NewEdge Advisors LLC now owns 586 shares of the bank’s stock valued at $73,000 after purchasing an additional 100 shares during the period. Finally, EJF Capital LLC increased its holdings in Wintrust Financial by 2.5% during the 2nd quarter. EJF Capital LLC now owns 4,309 shares of the bank’s stock valued at $534,000 after purchasing an additional 106 shares during the period. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on WTFC. UBS Group reiterated a “buy” rating and issued a $176.00 price objective on shares of Wintrust Financial in a report on Wednesday, February 4th. Royal Bank Of Canada boosted their target price on Wintrust Financial from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. TD Cowen upped their target price on Wintrust Financial from $170.00 to $177.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Citigroup raised their price target on Wintrust Financial from $167.00 to $178.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Finally, Truist Financial lifted their price target on shares of Wintrust Financial from $158.00 to $170.00 and gave the company a “buy” rating in a report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $165.31.

Wintrust Financial Stock Performance

Wintrust Financial stock opened at $138.07 on Friday. Wintrust Financial Corporation has a fifty-two week low of $89.10 and a fifty-two week high of $162.96. The stock’s 50 day simple moving average is $148.51 and its two-hundred day simple moving average is $138.79. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.99 and a current ratio of 1.00. The stock has a market cap of $9.29 billion, a price-to-earnings ratio of 12.11 and a beta of 0.85.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Tuesday, January 20th. The bank reported $3.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.22. The firm had revenue of $714.26 million during the quarter, compared to analyst estimates of $700.85 million. Wintrust Financial had a return on equity of 12.95% and a net margin of 19.48%.During the same quarter in the prior year, the company earned $2.63 EPS. As a group, analysts expect that Wintrust Financial Corporation will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.6%. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.50. The ex-dividend date was Thursday, February 5th. Wintrust Financial’s dividend payout ratio is currently 19.30%.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial news, EVP Jeffrey D. Hahnfeld sold 314 shares of the firm’s stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $145.43, for a total transaction of $45,665.02. Following the completion of the transaction, the executive vice president owned 1,947 shares of the company’s stock, valued at approximately $283,152.21. This trade represents a 13.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Richard B. Murphy sold 3,291 shares of the business’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $146.05, for a total transaction of $480,650.55. Following the sale, the insider owned 46,049 shares in the company, valued at approximately $6,725,456.45. This trade represents a 6.67% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 11,662 shares of company stock valued at $1,705,730. Company insiders own 1.01% of the company’s stock.

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.