Wintrust Financial Corporation (NASDAQ:WTFC) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA trimmed its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 245,260 shares of the bank's stock after selling 11,404 shares during the period. Wintrust Financial accounts for 1.5% of Leeward Investments LLC MA's holdings, making the stock its 9th biggest position. Leeward Investments LLC MA owned about 0.37% of Wintrust Financial worth $27,582,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Keybank National Association OH lifted its holdings in Wintrust Financial by 2.0% during the first quarter. Keybank National Association OH now owns 7,845 shares of the bank's stock valued at $882,000 after purchasing an additional 155 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in Wintrust Financial by 0.4% during the first quarter. New York State Teachers Retirement System now owns 90,368 shares of the bank's stock valued at $10,163,000 after purchasing an additional 400 shares in the last quarter. Park Place Capital Corp lifted its holdings in 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 purchasing an additional 215 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Wintrust Financial by 7.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,426 shares of the bank's stock valued at $273,000 after purchasing an additional 165 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Wintrust Financial by 21.0% during the first quarter. Blue Trust Inc. now owns 4,989 shares of the bank's stock valued at $561,000 after purchasing an additional 867 shares in the last quarter. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wintrust Financial Trading Up 1.2%

Shares of WTFC traded up $1.61 during trading on Friday, reaching $131.92. 364,750 shares of the company traded hands, compared to its average volume of 434,474. Wintrust Financial Corporation has a twelve month low of $89.10 and a twelve month high of $142.04. The stock has a market cap of $8.83 billion, a PE ratio of 13.05 and a beta of 0.82. The stock has a 50-day simple moving average of $120.19 and a 200-day simple moving average of $119.68. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.68.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its earnings results on Monday, April 21st. The bank reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.17. Wintrust Financial had a return on equity of 12.00% and a net margin of 17.32%. The firm had revenue of $643.11 million for the quarter, compared to analyst estimates of $643.11 million. During the same quarter in the prior year, the company earned $2.89 EPS. On average, analysts anticipate that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on WTFC shares. Hovde Group increased their target price on shares of Wintrust Financial from $107.00 to $115.00 and gave the company a "market perform" rating in a research report on Wednesday, April 23rd. Jefferies Financial Group set a $145.00 target price on shares of Wintrust Financial and gave the company a "buy" rating in a research report on Wednesday, May 21st. Stephens reduced their target price on shares of Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. DA Davidson reduced their target price on shares of Wintrust Financial from $140.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Finally, Truist Financial reduced their target price on shares of Wintrust Financial from $150.00 to $137.00 and set a "buy" rating for the company in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Wintrust Financial has an average 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.