UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 27,892 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 20.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 167,327 shares of the bank's stock after buying an additional 27,892 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.25% of Wintrust Financial worth $20,867,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in WTFC. Fifth Third Bancorp increased its holdings in shares of Wintrust Financial by 4,145.2% during the fourth quarter. Fifth Third Bancorp now owns 13,330 shares of the bank's stock valued at $1,662,000 after purchasing an additional 13,016 shares during the period. KBC Group NV increased its holdings in shares of Wintrust Financial by 1,412.8% during the fourth quarter. KBC Group NV now owns 30,393 shares of the bank's stock valued at $3,790,000 after purchasing an additional 28,384 shares during the period. Entropy Technologies LP acquired a new position in shares of Wintrust Financial during the fourth quarter valued at $499,000. Atria Investments Inc increased its holdings in shares of Wintrust Financial by 34.5% during the fourth quarter. Atria Investments Inc now owns 10,926 shares of the bank's stock valued at $1,363,000 after purchasing an additional 2,804 shares during the period. Finally, Cetera Investment Advisers increased its holdings in shares of Wintrust Financial by 15.6% during the fourth quarter. Cetera Investment Advisers now owns 15,790 shares of the bank's stock valued at $1,969,000 after purchasing an additional 2,132 shares during the period. 93.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WTFC has been the subject of a number of research analyst reports. Piper Sandler restated an "above average" rating on shares of Wintrust Financial in a research report on Wednesday, April 23rd. Hovde Group upped their price objective on Wintrust Financial from $107.00 to $115.00 and gave the company a "market perform" rating in a report on Wednesday, April 23rd. Stephens lowered their target price on Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Truist Financial lowered their price objective on shares of Wintrust Financial from $150.00 to $137.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Royal Bank of Canada decreased their price target on Wintrust Financial from $152.00 to $135.00 and set an "outperform" rating for the company in a research 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, Wintrust Financial has a consensus rating of "Moderate Buy" and an average target price of $135.77.

Wintrust Financial Stock Down 0.5%

NASDAQ WTFC traded down $0.56 on Friday, reaching $119.39. The stock had a trading volume of 251,115 shares, compared to its average volume of 425,684. 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 Co. has a 1 year low of $89.10 and a 1 year high of $142.04. The business has a 50 day moving average price of $111.24 and a 200 day moving average price of $121.86. The company has a market capitalization of $7.99 billion, a price-to-earnings ratio of 11.58 and a beta of 0.81.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced 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. The business had revenue of $643.11 million during the quarter, compared to analysts' expectations 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 in the previous year, the business posted $2.89 EPS. On average, analysts forecast that Wintrust Financial Co. will post 10.36 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $2.00 annualized dividend and a dividend yield of 1.68%. Wintrust Financial's dividend payout ratio (DPR) is 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.