Wintrust Financial Co. (NASDAQ:WTFC) Shares Acquired by Vest Financial LLC

Vest Financial LLC boosted its holdings in Wintrust Financial Co. (NASDAQ:WTFC) by 411.1% during the first quarter, HoldingsChannel.com reports. The fund owned 101,228 shares of the bank’s stock after acquiring an additional 81,422 shares during the period. Vest Financial LLC’s holdings in Wintrust Financial were worth $11,384,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of WTFC. Millstone Evans Group LLC bought a new position in Wintrust Financial in the fourth quarter worth about $43,000. Global Retirement Partners LLC lifted its holdings in Wintrust Financial by 63.5% in the fourth quarter. Global Retirement Partners LLC now owns 376 shares of the bank’s stock worth $47,000 after acquiring an additional 146 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Wintrust Financial by 33.9% in the first quarter. Parallel Advisors LLC now owns 593 shares of the bank’s stock worth $67,000 after acquiring an additional 150 shares during the last quarter. Quarry LP bought a new position in Wintrust Financial in the fourth quarter worth about $78,000. Finally, Jones Financial Companies Lllp lifted its holdings in Wintrust Financial by 920.9% in the fourth quarter. Jones Financial Companies Lllp now owns 684 shares of the bank’s stock worth $85,000 after acquiring an additional 617 shares during the last quarter. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Stock Up 2.4%

Shares of WTFC stock opened at $121.72 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. Wintrust Financial Co. has a 1 year low of $89.10 and a 1 year high of $142.04. The firm’s fifty day moving average price is $112.04 and its two-hundred day moving average price is $121.37. The firm has a market capitalization of $8.15 billion, a P/E ratio of 11.81 and a beta of 0.82.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Monday, April 21st. The bank reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.17. The company had revenue of $643.11 million for the quarter, compared to analyst estimates of $643.11 million. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same period in the previous year, the business earned $2.89 EPS. On average, equities analysts predict that Wintrust Financial Co. will post 10.36 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Thursday, May 8th. Wintrust Financial’s dividend payout ratio (DPR) is presently 19.78%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Truist Financial cut their price target on Wintrust Financial from $150.00 to $137.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Piper Sandler reaffirmed an “above average” rating on shares of Wintrust Financial in a report on Wednesday, April 23rd. Stephens cut their price target on Wintrust Financial from $145.00 to $132.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. Royal Bank of Canada cut their price target on Wintrust Financial from $152.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Finally, Raymond James set a $143.00 price target on Wintrust Financial and gave the company a “strong-buy” rating in a report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.77.

Wintrust Financial Company Profile

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.