Lightrock Netherlands B.V. Acquires 73,915 Shares of Wintrust Financial Corporation (NASDAQ:WTFC)

Lightrock Netherlands B.V. raised its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 61.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 193,358 shares of the bank's stock after purchasing an additional 73,915 shares during the period. Wintrust Financial accounts for approximately 5.7% of Lightrock Netherlands B.V.'s holdings, making the stock its 3rd biggest holding. Lightrock Netherlands B.V. owned about 0.29% of Wintrust Financial worth $21,781,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. OneDigital Investment Advisors LLC boosted its position in Wintrust Financial by 9.7% during the 1st quarter. OneDigital Investment Advisors LLC now owns 5,629 shares of the bank's stock worth $633,000 after acquiring an additional 499 shares during the last quarter. Keybank National Association OH boosted its position in Wintrust Financial by 2.0% during the 1st quarter. Keybank National Association OH now owns 7,845 shares of the bank's stock worth $882,000 after acquiring an additional 155 shares during the last quarter. New York State Teachers Retirement System boosted its position in Wintrust Financial by 0.4% during the 1st quarter. New York State Teachers Retirement System now owns 90,368 shares of the bank's stock worth $10,163,000 after acquiring an additional 400 shares during the last quarter. Park Place Capital Corp boosted its holdings in shares of Wintrust Financial by 1,264.7% in the 1st quarter. Park Place Capital Corp now owns 232 shares of the bank's stock valued at $26,000 after buying an additional 215 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Wintrust Financial by 7.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,426 shares of the bank's stock valued at $273,000 after buying an additional 165 shares during the last quarter. 93.48% of the stock is owned by institutional investors.

Wintrust Financial Stock Performance

NASDAQ WTFC opened at $131.92 on Friday. The company has a market capitalization of $8.83 billion, a price-to-earnings ratio of 13.05 and a beta of 0.82. Wintrust Financial Corporation has a twelve month low of $89.10 and a twelve month high of $142.04. The stock has a fifty 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 quarterly earnings data 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 during 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 period in the prior year, the business posted $2.89 earnings per share. Sell-side analysts expect that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Analyst Ratings Changes

WTFC has been the subject of several research reports. Jefferies Financial Group set a $145.00 price target on Wintrust Financial and gave the company a "buy" rating in a report on Wednesday, May 21st. Raymond James Financial set a $143.00 target price on Wintrust Financial and gave the stock a "strong-buy" rating in a research note on Wednesday, April 23rd. Truist Financial cut their target price on Wintrust Financial from $150.00 to $137.00 and set a "buy" rating for the company in a research note on Friday, April 25th. DA Davidson cut their target price on Wintrust Financial from $140.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Finally, 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 note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Wintrust Financial has an average rating of "Moderate Buy" and an average price target 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.

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