Stieven Capital Advisors L.P. trimmed its position in shares of Wintrust Financial Corp (NASDAQ:WTFC) by 1.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,837 shares of the bank’s stock after selling 900 shares during the quarter. Stieven Capital Advisors L.P.’s holdings in Wintrust Financial were worth $5,329,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System lifted its position in Wintrust Financial by 0.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 49,502 shares of the bank’s stock valued at $3,333,000 after acquiring an additional 130 shares in the last quarter. Creative Planning increased its stake in shares of Wintrust Financial by 0.7% during the 2nd quarter. Creative Planning now owns 21,139 shares of the bank’s stock worth $1,547,000 after purchasing an additional 150 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Wintrust Financial by 1.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 10,003 shares of the bank’s stock worth $731,000 after purchasing an additional 166 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Wintrust Financial by 1.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 10,450 shares of the bank’s stock worth $765,000 after purchasing an additional 170 shares during the last quarter. Finally, Private Vista LLC increased its stake in shares of Wintrust Financial by 5.6% during the 1st quarter. Private Vista LLC now owns 5,374 shares of the bank’s stock worth $361,000 after purchasing an additional 287 shares during the last quarter. 88.40% of the stock is currently owned by institutional investors.

Several research analysts have recently weighed in on the stock. ValuEngine upgraded shares of Wintrust Financial from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 23rd. Piper Jaffray Companies set a $92.00 price target on shares of Wintrust Financial and gave the company a “buy” rating in a research note on Monday, July 8th. BidaskClub lowered shares of Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Zacks Investment Research lowered shares of Wintrust Financial from a “hold” rating to a “strong sell” rating in a research note on Saturday, July 20th. Finally, Wedbush decreased their price target on shares of Wintrust Financial from $84.00 to $78.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 16th. Three research analysts have rated the stock with a sell rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $87.86.

Shares of Wintrust Financial stock traded up $0.99 on Wednesday, reaching $63.38. 21,447 shares of the stock were exchanged, compared to its average volume of 550,494. The firm’s 50 day moving average is $68.20 and its 200-day moving average is $71.39. Wintrust Financial Corp has a one year low of $60.20 and a one year high of $92.56. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.99 and a current ratio of 1.00. The firm has a market cap of $3.50 billion, a PE ratio of 10.80, a P/E/G ratio of 0.74 and a beta of 1.04.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Monday, July 15th. The bank reported $1.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.27). The company had revenue of $364.36 million during the quarter, compared to the consensus estimate of $365.40 million. Wintrust Financial had a net margin of 20.60% and a return on equity of 10.72%. During the same period in the previous year, the company earned $1.53 EPS. On average, equities research analysts expect that Wintrust Financial Corp will post 6.15 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Thursday, August 8th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Wednesday, August 7th. Wintrust Financial’s payout ratio is 17.06%.

In related news, Director Gary D. Sweeney acquired 747 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The stock was acquired at an average price of $66.92 per share, with a total value of $49,989.24. Following the purchase, the director now directly owns 4,392 shares in the company, valued at $293,912.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.58% of the stock is owned by corporate insiders.

About Wintrust Financial

Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. 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), Internet banking, and other services.

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Institutional Ownership by Quarter for Wintrust Financial (NASDAQ:WTFC)

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