Victory Capital Management Inc. Sells 23,510 Shares of Wintrust Financial Corporation (NASDAQ:WTFC)

Victory Capital Management Inc. cut its holdings in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 2.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 914,973 shares of the bank's stock after selling 23,510 shares during the quarter. Victory Capital Management Inc. owned 1.37% of Wintrust Financial worth $102,898,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Securian Asset Management Inc. lifted its holdings in shares of Wintrust Financial by 2.0% during the 1st quarter. Securian Asset Management Inc. now owns 5,098 shares of the bank's stock valued at $573,000 after buying an additional 100 shares during the period. Reyes Financial Architecture Inc. lifted its holdings in shares of Wintrust Financial by 33.1% during the 1st quarter. Reyes Financial Architecture Inc. now owns 929 shares of the bank's stock valued at $104,000 after buying an additional 231 shares during the period. Louisiana State Employees Retirement System lifted its holdings in shares of Wintrust Financial by 0.5% during the 1st quarter. Louisiana State Employees Retirement System now owns 18,600 shares of the bank's stock valued at $2,092,000 after buying an additional 100 shares during the period. Xponance Inc. lifted its holdings in shares of Wintrust Financial by 1.6% during the 1st quarter. Xponance Inc. now owns 7,646 shares of the bank's stock valued at $860,000 after buying an additional 123 shares during the period. Finally, State of Michigan Retirement System lifted its holdings in shares of Wintrust Financial by 1.3% during the 1st quarter. State of Michigan Retirement System now owns 15,963 shares of the bank's stock valued at $1,795,000 after buying an additional 200 shares during the period. 93.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WTFC has been the subject of several analyst reports. DA Davidson reduced their price objective on Wintrust Financial from $140.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Hovde Group upped 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. Wall Street Zen upgraded Wintrust Financial from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Stephens reduced their price objective on Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Finally, Piper Sandler restated an "above average" rating on shares of Wintrust Financial in a research note on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.

Wintrust Financial Price Performance

WTFC stock traded up $0.77 during trading on Friday, reaching $134.07. The company's stock had a trading volume of 555,451 shares, compared to its average volume of 430,267. Wintrust Financial Corporation has a 1 year low of $89.10 and a 1 year high of $142.04. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $8.97 billion, a P/E ratio of 13.26 and a beta of 0.82. The company's fifty day moving average is $123.40 and its 200-day moving average is $120.10.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its quarterly 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 analyst estimates of $643.11 million. Wintrust Financial had a return on equity of 12.00% and a net margin of 17.32%. During the same quarter in the prior year, the business posted $2.89 EPS. On average, research analysts expect that Wintrust Financial Corporation will post 10.36 earnings per share for the current fiscal year.

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.