KBC Group NV Sells 27,538 Shares of Wintrust Financial Corporation (NASDAQ:WTFC)

KBC Group NV decreased its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 90.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Park Place Capital Corp boosted its holdings in shares of Wintrust Financial by 1,264.7% during the first quarter. Park Place Capital Corp now owns 232 shares of the bank's stock valued at $26,000 after acquiring an additional 215 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of Wintrust Financial during the first quarter valued at $38,000. Millstone Evans Group LLC acquired a new position in shares of Wintrust Financial during the fourth quarter valued at $43,000. Parallel Advisors LLC boosted its holdings in shares of Wintrust Financial by 33.9% during the first quarter. Parallel Advisors LLC now owns 593 shares of the bank's stock valued at $67,000 after acquiring an additional 150 shares during the period. Finally, Quarry LP acquired a new stake in Wintrust Financial in the fourth quarter worth about $78,000. Institutional investors own 93.48% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WTFC. Piper Sandler reaffirmed an "above average" rating on shares of Wintrust Financial in a report on Wednesday, April 23rd. Jefferies Financial Group set a $145.00 price target on shares of Wintrust Financial and gave the company a "buy" rating in a report on Wednesday, May 21st. Hovde Group upped their price target on shares of Wintrust Financial from $107.00 to $115.00 and gave the company a "market perform" rating in a report on Wednesday, April 23rd. Wall Street Zen downgraded shares of Wintrust Financial from a "hold" rating to a "sell" rating in a report on Saturday, June 28th. Finally, Truist Financial cut their price objective on Wintrust Financial from $150.00 to $137.00 and set a "buy" rating on the stock in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $135.77.

Wintrust Financial Stock Up 1.2%

Shares of WTFC traded up $1.61 during trading hours on Friday, reaching $131.92. The company's stock had a trading volume of 364,750 shares, compared to its average volume of 433,251. The firm has a market cap of $8.83 billion, a price-to-earnings ratio of 13.05 and a beta of 0.82. Wintrust Financial Corporation has a 1-year low of $89.10 and a 1-year high of $142.04. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.68. The company has a 50 day moving average of $120.19 and a two-hundred day moving average of $119.64.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The bank reported $2.69 EPS for the quarter, beating the consensus estimate of $2.52 by $0.17. The business had revenue of $643.11 million during the quarter, compared to analysts' expectations 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 business posted $2.89 EPS. As a group, research analysts predict that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial 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.