Reinhart Partners LLC. Boosts Stock Position in Wintrust Financial Co. (NASDAQ:WTFC)

Reinhart Partners LLC. lifted its holdings in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 14.6% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 669,718 shares of the bank's stock after buying an additional 85,129 shares during the period. Wintrust Financial comprises about 2.7% of Reinhart Partners LLC.'s portfolio, making the stock its 14th biggest holding. Reinhart Partners LLC. owned about 1.00% of Wintrust Financial worth $75,317,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Millstone Evans Group LLC bought a new stake in Wintrust Financial during the 4th quarter worth $43,000. Global Retirement Partners LLC boosted its position in shares of Wintrust Financial by 63.5% during the 4th quarter. Global Retirement Partners LLC now owns 376 shares of the bank's stock valued at $47,000 after purchasing an additional 146 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Wintrust Financial by 33.9% during the 1st quarter. Parallel Advisors LLC now owns 593 shares of the bank's stock valued at $67,000 after purchasing an additional 150 shares in the last quarter. Quarry LP bought a new stake in Wintrust Financial in the fourth quarter valued at $78,000. Finally, Jones Financial Companies Lllp increased its stake in Wintrust Financial by 920.9% in the fourth quarter. Jones Financial Companies Lllp now owns 684 shares of the bank's stock valued at $85,000 after purchasing an additional 617 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on WTFC shares. Royal Bank of Canada cut their price target on Wintrust Financial from $152.00 to $135.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Truist Financial cut their price target on Wintrust Financial from $150.00 to $137.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Jefferies Financial Group set a $145.00 price target on Wintrust Financial and gave the stock a "buy" rating in a report on Wednesday, May 21st. Hovde Group increased their price target on Wintrust Financial from $107.00 to $115.00 and gave the stock a "market perform" rating in a report on Wednesday, April 23rd. Finally, Raymond James set a $143.00 price target on Wintrust Financial and gave the stock a "strong-buy" rating in a report on Wednesday, April 23rd. Three investment 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 company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $135.77.

Wintrust Financial Stock Performance

NASDAQ:WTFC traded up $0.95 during trading hours on Tuesday, reaching $123.09. The stock had a trading volume of 256,001 shares, compared to its average volume of 428,407. The stock has a 50 day simple moving average of $112.65 and a 200 day simple moving average of $121.13. Wintrust Financial Co. has a 12-month low of $89.10 and a 12-month high of $142.04. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01. The stock has a market cap of $8.24 billion, a P/E ratio of 11.94 and a beta of 0.82.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its earnings results on Monday, April 21st. The bank reported $2.69 EPS for the quarter, topping the consensus estimate of $2.52 by $0.17. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. The business had revenue of $643.11 million during the quarter, compared to analysts' expectations of $643.11 million. During the same period in the previous year, the business earned $2.89 earnings per share. On average, research analysts forecast that Wintrust Financial Co. will post 10.36 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Thursday, May 8th. Wintrust Financial's payout ratio is 19.78%.

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.