Vest Financial LLC Increases Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

Vest Financial LLC grew its holdings in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 411.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 101,228 shares of the bank's stock after buying an additional 81,422 shares during the period. Vest Financial LLC owned 0.15% of Wintrust Financial worth $11,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Cetera Investment Advisers lifted its holdings in Wintrust Financial by 15.6% during the 4th quarter. Cetera Investment Advisers now owns 15,790 shares of the bank's stock worth $1,969,000 after buying an additional 2,132 shares during the last quarter. Entropy Technologies LP purchased a new stake in shares of Wintrust Financial in the 4th quarter valued at about $499,000. Atria Investments Inc lifted its holdings in shares of Wintrust Financial by 34.5% in the 4th 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 last quarter. Congress Asset Management Co. lifted its holdings in shares of Wintrust Financial by 4.9% in the 4th quarter. Congress Asset Management Co. now owns 94,338 shares of the bank's stock valued at $11,765,000 after purchasing an additional 4,410 shares during the last quarter. Finally, Inceptionr LLC purchased a new stake in shares of Wintrust Financial in the 4th quarter valued at about $344,000. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $121.72 on Friday. The stock has a market capitalization of $8.15 billion, a PE ratio of 11.81 and a beta of 0.82. Wintrust Financial Co. has a 52-week low of $89.10 and a 52-week high of $142.04. The stock's 50-day moving average price is $112.04 and its 200 day moving average price is $121.37. 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 (NASDAQ:WTFC - Get Free Report) last issued its earnings results on Monday, April 21st. The bank reported $2.69 earnings per share (EPS) 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 the consensus estimate of $643.11 million. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same period in the prior year, the business posted $2.89 EPS. As a group, equities research analysts forecast that Wintrust Financial Co. will post 10.36 EPS for the current year.

Wintrust Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.64%. The ex-dividend date was Thursday, May 8th. Wintrust Financial's dividend payout ratio (DPR) is presently 19.78%.

Wall Street Analysts Forecast Growth

WTFC has been the subject of several research reports. Truist Financial reduced their target price on Wintrust Financial from $150.00 to $137.00 and set a "buy" rating for the company in a report on Friday, April 25th. Stephens reduced 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. Jefferies Financial Group set a $145.00 target price on Wintrust Financial and gave the company a "buy" rating in a report on Wednesday, May 21st. Royal Bank of Canada reduced their target price on Wintrust Financial from $152.00 to $135.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Finally, Piper Sandler reissued an "above average" rating on shares of Wintrust Financial 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $135.77.

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.

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