Clearbridge Investments LLC Has $25.45 Million Stock Position in Wintrust Financial Co. (NASDAQ:WTFC)

Clearbridge Investments LLC trimmed its holdings in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 5.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 243,751 shares of the bank’s stock after selling 14,859 shares during the period. Clearbridge Investments LLC owned approximately 0.39% of Wintrust Financial worth $25,445,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Concord Wealth Partners purchased a new position in Wintrust Financial in the first quarter valued at about $26,000. Opal Wealth Advisors LLC purchased a new position in Wintrust Financial in the first quarter valued at about $27,000. Johnson Financial Group Inc. purchased a new position in Wintrust Financial in the fourth quarter valued at about $25,000. Quent Capital LLC grew its stake in Wintrust Financial by 120.8% in the fourth quarter. Quent Capital LLC now owns 351 shares of the bank’s stock valued at $33,000 after purchasing an additional 192 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new position in Wintrust Financial in the fourth quarter valued at about $41,000. 93.48% of the stock is owned by institutional investors and hedge funds.

Wintrust Financial Stock Performance

Wintrust Financial stock traded up $1.97 during trading hours on Tuesday, hitting $110.34. The stock had a trading volume of 544,934 shares, compared to its average volume of 381,548. The company has a 50-day moving average of $98.75 and a two-hundred day moving average of $98.13. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.85. The company has a market cap of $6.81 billion, a PE ratio of 11.41 and a beta of 1.18. Wintrust Financial Co. has a fifty-two week low of $71.86 and a fifty-two week high of $113.68.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Wednesday, July 17th. The bank reported $2.32 EPS for the quarter, missing the consensus estimate of $2.42 by ($0.10). The firm had revenue of $591.76 million during the quarter, compared to analyst estimates of $587.33 million. Wintrust Financial had a net margin of 17.02% and a return on equity of 12.71%. The company’s revenue was up 5.6% on a year-over-year basis. During the same period last year, the company earned $2.38 EPS. On average, equities research analysts anticipate that Wintrust Financial Co. will post 10.1 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th were issued a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, May 8th. This represents a $1.80 annualized dividend and a yield of 1.63%. Wintrust Financial’s dividend payout ratio (DPR) is 18.61%.

Analyst Ratings Changes

WTFC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods downgraded Wintrust Financial from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $110.00 to $115.00 in a research note on Friday. Royal Bank of Canada upped their price target on Wintrust Financial from $116.00 to $117.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 9th. Citigroup decreased their price target on Wintrust Financial from $115.00 to $113.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Truist Financial upped their price target on Wintrust Financial from $107.00 to $118.00 and gave the stock a “buy” rating in a research note on Monday. Finally, DA Davidson upped their price target on Wintrust Financial from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Wintrust Financial has a consensus rating of “Moderate Buy” and an average target price of $117.85.

About Wintrust Financial

Wintrust Financial Corporation operates as a financial holding company. 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), online and mobile banking, and other services.