Moody Aldrich Partners LLC Decreases Stock Holdings in Wintrust Financial Corporation (NASDAQ:WTFC)

Moody Aldrich Partners LLC decreased its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 2.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,466 shares of the bank's stock after selling 3,185 shares during the period. Wintrust Financial accounts for 2.6% of Moody Aldrich Partners LLC's investment portfolio, making the stock its biggest holding. Moody Aldrich Partners LLC owned approximately 0.16% of Wintrust Financial worth $12,198,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WTFC. Earnest Partners LLC acquired a new position in Wintrust Financial during the 4th quarter worth $163,767,000. Norges Bank acquired a new position in shares of Wintrust Financial during the fourth quarter valued at about $94,906,000. Sei Investments Co. raised its position in shares of Wintrust Financial by 261.4% during the fourth quarter. Sei Investments Co. now owns 698,628 shares of the bank's stock valued at $87,126,000 after buying an additional 505,293 shares during the last quarter. Alyeska Investment Group L.P. acquired a new position in shares of Wintrust Financial during the fourth quarter valued at about $51,754,000. Finally, First Trust Advisors LP raised its position in shares of Wintrust Financial by 36.5% during the fourth quarter. First Trust Advisors LP now owns 1,263,837 shares of the bank's stock valued at $157,613,000 after buying an additional 337,763 shares during the last quarter. Institutional investors and hedge funds own 93.48% of the company's stock.

Wintrust Financial Price Performance

NASDAQ WTFC traded up $1.61 on Friday, reaching $131.92. The company's stock had a trading volume of 364,750 shares, compared to its average volume of 434,474. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. The firm has a market cap of $8.83 billion, a PE ratio of 13.05 and a beta of 0.82. Wintrust Financial Corporation has a 52 week low of $89.10 and a 52 week high of $142.04. The business has a 50-day moving average price of $120.19 and a 200 day moving average price of $119.68.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Stephens cut their price objective 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. Truist Financial cut their price objective 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. Royal Bank Of Canada cut their price objective on shares of Wintrust Financial from $152.00 to $135.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Jefferies Financial Group set a $145.00 price objective on shares of Wintrust Financial and gave the company a "buy" rating in a research report on Wednesday, May 21st. Finally, Hovde Group upped their price objective 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. 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 MarketBeat, Wintrust Financial currently has an average rating of "Moderate Buy" and a consensus 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.