New York State Common Retirement Fund reduced its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 3.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 336,979 shares of the bank's stock after selling 13,662 shares during the quarter. New York State Common Retirement Fund owned approximately 0.50% of Wintrust Financial worth $37,897,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of WTFC. Xponance Inc. increased its position in shares of Wintrust Financial by 1.6% during the first quarter. Xponance Inc. now owns 7,646 shares of the bank's stock valued at $860,000 after acquiring an additional 123 shares in the last quarter. State of Michigan Retirement System raised its holdings in shares of Wintrust Financial by 1.3% during the first quarter. State of Michigan Retirement System now owns 15,963 shares of the bank's stock valued at $1,795,000 after purchasing an additional 200 shares during the last quarter. Beverly Hills Private Wealth LLC raised its stake in Wintrust Financial by 10.8% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 2,290 shares of the bank's stock valued at $258,000 after buying an additional 223 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Wintrust Financial by 2.6% in the 1st quarter. Crossmark Global Holdings Inc. now owns 5,823 shares of the bank's stock worth $655,000 after buying an additional 147 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Wintrust Financial by 43.3% in the first quarter. Envestnet Asset Management Inc. now owns 349,983 shares of the bank's stock worth $39,359,000 after acquiring an additional 105,754 shares during the period. Institutional investors own 93.48% of the company's stock.
Wintrust Financial Stock Down 3.4%
Shares of WTFC traded down $4.57 during midday trading on Tuesday, hitting $128.27. 455,307 shares of the company's stock traded hands, compared to its average volume of 432,606. 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 stock has a market capitalization of $8.59 billion, a price-to-earnings ratio of 12.69 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 firm's fifty day moving average is $122.12 and its 200-day moving average is $119.86.
Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its earnings results on Monday, April 21st. The bank reported $2.69 EPS for the quarter, topping analysts' consensus estimates of $2.52 by $0.17. Wintrust Financial had a net margin of 17.32% and a return on equity of 12.00%. The company had revenue of $643.11 million during the quarter, compared to analysts' expectations of $643.11 million. During the same period last year, the business earned $2.89 EPS. As a group, sell-side analysts anticipate that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the stock. Hovde Group increased their price target on shares of Wintrust Financial from $107.00 to $115.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 23rd. Truist Financial dropped their price target 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. Royal Bank Of Canada cut their target price on shares of Wintrust Financial from $152.00 to $135.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Piper Sandler reiterated an "above average" rating on shares of Wintrust Financial in a research note on Wednesday, April 23rd. Finally, Jefferies Financial Group set a $145.00 price objective on Wintrust Financial and gave the company a "buy" rating in a research report on Wednesday, May 21st. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $138.00.
Read Our Latest Research Report on WTFC
Wintrust Financial Company Profile
(
Free Report)
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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