Silvercrest Asset Management Group LLC Purchases 17,805 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Silvercrest Asset Management Group LLC increased its position 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. 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 and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Wintrust Financial by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 6,911,488 shares of the bank's stock worth $861,932,000 after acquiring an additional 58,162 shares in the last quarter. Earnest Partners LLC bought a new stake in Wintrust Financial in the fourth quarter worth $163,767,000. First Trust Advisors LP increased its position in Wintrust Financial by 36.5% in the fourth quarter. First Trust Advisors LP now owns 1,263,837 shares of the bank's stock worth $157,613,000 after purchasing an additional 337,763 shares during the last quarter. Geode Capital Management LLC raised its stake in Wintrust Financial by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,165,898 shares of the bank's stock valued at $145,443,000 after purchasing an additional 10,172 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Wintrust Financial by 2.8% during the fourth quarter. Invesco Ltd. now owns 1,098,706 shares of the bank's stock valued at $137,020,000 after purchasing an additional 29,967 shares during the last quarter. 93.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Truist Financial decreased their target price on shares of Wintrust Financial from $150.00 to $137.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Hovde Group boosted their price objective on Wintrust Financial from $107.00 to $115.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 23rd. 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. Stephens dropped their target price on Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Finally, DA Davidson cut their target price on Wintrust Financial from $140.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Wintrust Financial has a consensus rating of "Moderate Buy" and an average target price of $135.77.

Wintrust Financial Trading Down 0.8%

Shares of WTFC stock traded down $1.01 on Friday, reaching $117.71. 71,744 shares of the company's stock were exchanged, compared to its average volume of 466,679. The company's fifty day simple moving average is $110.69 and its 200 day simple moving average is $122.12. Wintrust Financial Co. has a 52 week low of $89.10 and a 52 week 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. The stock has a market capitalization of $7.88 billion, a PE ratio of 11.42 and a beta of 0.81.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its 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 for the quarter, compared to analyst estimates of $643.11 million. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same quarter last year, the firm posted $2.89 earnings per share. As a group, analysts forecast that Wintrust Financial Co. will post 10.36 EPS for the current year.

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend was Thursday, May 8th. Wintrust Financial's dividend payout ratio is presently 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.