Comerica Bank Has $7.02 Million Stake in Wintrust Financial Co. (NASDAQ:WTFC)

Comerica Bank increased its holdings in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 16.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,293 shares of the bank's stock after buying an additional 8,098 shares during the period. Comerica Bank owned 0.08% of Wintrust Financial worth $7,020,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Journey Strategic Wealth LLC grew its holdings in shares of Wintrust Financial by 3.6% during the 4th quarter. Journey Strategic Wealth LLC now owns 2,569 shares of the bank's stock worth $320,000 after purchasing an additional 89 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in Wintrust Financial by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the bank's stock worth $2,307,000 after buying an additional 100 shares in the last quarter. Gitterman Wealth Management LLC increased its holdings in Wintrust Financial by 5.0% in the 4th quarter. Gitterman Wealth Management LLC now owns 2,373 shares of the bank's stock valued at $296,000 after buying an additional 113 shares during the period. Huntington National Bank raised its position in shares of Wintrust Financial by 3.3% in the 4th quarter. Huntington National Bank now owns 3,971 shares of the bank's stock valued at $495,000 after buying an additional 127 shares in the last quarter. Finally, Access Investment Management LLC lifted its holdings in shares of Wintrust Financial by 0.7% during the 4th quarter. Access Investment Management LLC now owns 17,855 shares of the bank's stock worth $2,227,000 after acquiring an additional 130 shares during the period. 93.48% of the stock is currently owned by institutional investors.

Wintrust Financial Trading Up 2.9 %

Shares of WTFC stock opened at $115.84 on Monday. The stock has a 50-day moving average of $109.46 and a 200-day moving average of $121.79. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The stock has a market cap of $7.75 billion, a price-to-earnings ratio of 11.24 and a beta of 0.81. Wintrust Financial Co. has a 1-year low of $89.10 and a 1-year high of $142.04.

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

Wintrust Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Thursday, May 8th. Wintrust Financial's dividend payout ratio (DPR) is presently 19.78%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on WTFC shares. Hovde Group upped their target price on Wintrust Financial from $107.00 to $115.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 23rd. Raymond James set a $143.00 price objective on Wintrust Financial and gave the company a "strong-buy" rating in a research note on Wednesday, April 23rd. Barclays increased their target price on shares of Wintrust Financial from $138.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, April 23rd. Royal Bank of Canada decreased their price target on shares of Wintrust Financial from $152.00 to $135.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Finally, StockNews.com upgraded shares of Wintrust Financial from a "sell" rating to a "hold" rating in a research report on Tuesday, April 29th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $133.54.

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.

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