Earnest Partners Reduces $6M in Wintrust Financial Corporation ($WTFC)
Key Points
- Earnest Partners changed its Wintrust Financial Corporation ($WTFC) stake by 2.7% last quarter, cutting to 1,400,634 shares worth $220.63 million.
- $WTFC last traded around $157.52.
Earnest Partners trimmed its position in Wintrust Financial Corporation ($WTFC) by 2.7% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,400,634 shares of Wintrust Financial Corporation after selling 39,471 shares during the quarter. Earnest Partners's holdings in Wintrust Financial Corporation were worth $220.63 million as of its most recent filing.
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About Wintrust Financial Corporation
Wintrust Financial Corporation, a financial holding company, provides community-oriented, personal, and commercial banking services in the United States. It operates through 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, online and mobile banking, and other services. This segment also engages in the retail origination of residential mortgages; provision of lending, deposits, and treasury management services to condominium, homeowner, and community associations; and asset-based lending for middle-market companies. In addition, it provides loan and deposit services to mortgage brokerage companies; lending to restaurant franchisees; direct leasing; small business administration loans; commercial mortgages and construction loans; and financial solutions. The Specialty Finance segment offers commercial and life insurance premiums financing for businesses and individuals; accounts receivable financing, value-added, and out-sourced administrative services, including data processing of payrolls, billing, and cash management services to temporary staffing industry; other specialty finance services; equipment financing through structured loan and lease products; and property and casualty insurance premium financing. The Wealth Management segment provides wealth management services, such as trust and investment, tax-deferred like-kind exchange, asset management, and securities brokerage services. Wintrust Financial Corporation was founded in 1991 and is headquartered in Rosemont, Illinois.
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