Reinhart Partners LLC. Buys 85,129 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Reinhart Partners LLC. grew its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 14.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 669,718 shares of the bank's stock after purchasing an additional 85,129 shares during the period. Wintrust Financial makes up 2.7% of Reinhart Partners LLC.'s investment portfolio, making the stock its 14th largest holding. Reinhart Partners LLC. owned approximately 1.00% of Wintrust Financial worth $75,317,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Earnest Partners LLC bought a new stake in Wintrust Financial during the fourth quarter worth about $163,767,000. Norges Bank bought a new stake in Wintrust Financial during the fourth quarter worth about $94,906,000. Sei Investments Co. boosted its stake in Wintrust Financial by 261.4% during the fourth quarter. Sei Investments Co. now owns 698,628 shares of the bank's stock worth $87,126,000 after acquiring an additional 505,293 shares in the last quarter. Alyeska Investment Group L.P. bought a new stake in Wintrust Financial during the fourth quarter worth about $51,754,000. Finally, First Trust Advisors LP boosted its stake in Wintrust Financial by 36.5% during the fourth quarter. First Trust Advisors LP now owns 1,263,837 shares of the bank's stock worth $157,613,000 after acquiring an additional 337,763 shares in the last quarter. Institutional investors own 93.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on WTFC shares. Stephens decreased their target price on shares of Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Piper Sandler reaffirmed an "above average" rating on shares of Wintrust Financial in a report on Wednesday, April 23rd. Truist Financial decreased their target price on shares of Wintrust Financial from $150.00 to $137.00 and set a "buy" rating for the company in a report on Friday, April 25th. Jefferies Financial Group set a $145.00 target price on shares of Wintrust Financial and gave the stock a "buy" rating in a report on Wednesday, May 21st. Finally, Royal Bank of Canada decreased their target price on shares of Wintrust Financial from $152.00 to $135.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Wintrust Financial currently has an average rating of "Moderate Buy" and an average price target of $135.77.

Wintrust Financial Trading Up 2.4%

Shares of NASDAQ:WTFC opened at $121.72 on Friday. The stock has a 50 day moving average of $112.04 and a 200 day moving average of $121.37. The company has a market cap of $8.15 billion, a PE ratio of 11.81 and a beta of 0.82. Wintrust Financial Co. has a 12-month low of $89.10 and a 12-month high of $142.04. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71.

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

Wintrust Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $2.00 dividend on an annualized basis and a yield of 1.64%. Wintrust Financial's dividend payout ratio is presently 19.78%.

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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