Silvercrest Asset Management Group LLC Raises Stock Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

Silvercrest Asset Management Group LLC raised its stake in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 21.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,944 shares of the bank's stock after buying an additional 17,805 shares during the period. Silvercrest Asset Management Group LLC owned 0.15% of Wintrust Financial worth $12,713,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Millstone Evans Group LLC acquired a new position in Wintrust Financial during the 4th quarter worth approximately $43,000. Global Retirement Partners LLC grew its holdings in Wintrust Financial by 63.5% during the fourth quarter. Global Retirement Partners LLC now owns 376 shares of the bank's stock valued at $47,000 after purchasing an additional 146 shares during the period. Quarry LP bought a new position in Wintrust Financial during the fourth quarter valued at $78,000. UMB Bank n.a. boosted its holdings in shares of Wintrust Financial by 32.2% in the fourth quarter. UMB Bank n.a. now owns 677 shares of the bank's stock worth $84,000 after acquiring an additional 165 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Wintrust Financial by 920.9% in the fourth quarter. Jones Financial Companies Lllp now owns 684 shares of the bank's stock worth $85,000 after acquiring an additional 617 shares during the period. Institutional investors and hedge funds own 93.48% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WTFC. Piper Sandler reaffirmed an "above average" rating on shares of Wintrust Financial in a 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 note on Friday, April 25th. Hovde Group boosted their target price on Wintrust Financial from $107.00 to $115.00 and gave the company a "market perform" rating in a research note on Wednesday, April 23rd. DA Davidson reduced their price target on Wintrust Financial from $140.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, Barclays upped their target price on Wintrust Financial from $138.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $133.54.

Wintrust Financial Stock Performance

Shares of WTFC traded down $0.03 during trading hours on Tuesday, reaching $122.02. 420,396 shares of the company traded hands, compared to its average volume of 425,605. The stock has a market capitalization of $8.17 billion, a P/E ratio of 11.84 and a beta of 0.81. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. Wintrust Financial Co. has a 12-month low of $89.10 and a 12-month high of $142.04. The business has a fifty day moving average price of $110.42 and a 200-day moving average price of $122.11.

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

Wintrust Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, May 8th. Wintrust Financial's payout ratio is 19.78%.

Wintrust Financial Company 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.