KBC Group NV Has $321,000 Position in Wintrust Financial Corporation (NASDAQ:WTFC)

KBC Group NV trimmed its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 90.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,855 shares of the bank's stock after selling 27,538 shares during the period. KBC Group NV's holdings in Wintrust Financial were worth $321,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wedge Capital Management L L P NC lifted its holdings in Wintrust Financial by 17.3% in the first quarter. Wedge Capital Management L L P NC now owns 20,231 shares of the bank's stock worth $2,275,000 after purchasing an additional 2,986 shares during the period. Fifth Third Bancorp raised its position in shares of Wintrust Financial by 87.9% during the 1st quarter. Fifth Third Bancorp now owns 25,049 shares of the bank's stock worth $2,817,000 after buying an additional 11,719 shares in the last quarter. Simplicity Wealth LLC acquired a new stake in shares of Wintrust Financial in the 1st quarter worth approximately $567,000. State of Alaska Department of Revenue boosted its holdings in shares of Wintrust Financial by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 7,788 shares of the bank's stock valued at $875,000 after acquiring an additional 205 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Wintrust Financial by 8.0% during the first quarter. Janney Montgomery Scott LLC now owns 12,885 shares of the bank's stock valued at $1,449,000 after acquiring an additional 957 shares during the period. Institutional investors own 93.48% of the company's stock.

Wintrust Financial Stock Down 1.0%

NASDAQ:WTFC traded down $1.31 during trading hours on Monday, hitting $130.61. 368,348 shares of the stock traded hands, compared to its average volume of 432,991. The firm has a 50 day moving average price of $120.19 and a 200 day moving average price of $119.62. The firm has a market cap of $8.74 billion, a price-to-earnings ratio of 12.92 and a beta of 0.82. Wintrust Financial Corporation has a fifty-two week low of $89.10 and a fifty-two week high of $142.04. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68.

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 for the quarter, beating analysts' consensus estimates of $2.52 by $0.17. The business had revenue of $643.11 million for the quarter, compared to the consensus estimate of $643.11 million. Wintrust Financial had a return on equity of 12.00% and a net margin of 17.32%. During the same quarter in the previous year, the company posted $2.89 earnings per share. Equities research analysts anticipate that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada cut their target price on Wintrust Financial from $152.00 to $135.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Raymond James Financial set a $143.00 target price on Wintrust Financial and gave the company a "strong-buy" rating in a research note on Wednesday, April 23rd. Hovde Group lifted their target price on Wintrust Financial from $107.00 to $115.00 and gave the stock a "market perform" rating in a report on Wednesday, April 23rd. Truist Financial cut their price target on shares of Wintrust Financial from $150.00 to $137.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Stephens lowered their price objective on shares of Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $135.77.

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.