Wedge Capital Management L L P NC grew its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 17.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,231 shares of the bank's stock after acquiring an additional 2,986 shares during the period. Wedge Capital Management L L P NC's holdings in Wintrust Financial were worth $2,275,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Millstone Evans Group LLC acquired a new stake in shares of Wintrust Financial during the fourth quarter worth $43,000. Global Retirement Partners LLC raised its position in shares of Wintrust Financial by 63.5% in the fourth quarter. Global Retirement Partners LLC now owns 376 shares of the bank's stock valued at $47,000 after buying an additional 146 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Wintrust Financial by 33.9% in the first quarter. Parallel Advisors LLC now owns 593 shares of the bank's stock valued at $67,000 after buying an additional 150 shares during the period. Quarry LP bought a new position in Wintrust Financial during the 4th quarter worth $78,000. Finally, Jones Financial Companies Lllp raised its holdings in Wintrust Financial by 920.9% in the 4th quarter. Jones Financial Companies Lllp now owns 684 shares of the bank's stock valued at $85,000 after acquiring an additional 617 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company's stock.
Wintrust Financial Trading Down 1.7%
Shares of Wintrust Financial stock traded down $2.11 during trading on Wednesday, hitting $120.98. The company's stock had a trading volume of 374,104 shares, compared to its average volume of 428,650. The stock has a market cap of $8.10 billion, a price-to-earnings ratio of 11.73 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 has a 50-day moving average price of $112.65 and a two-hundred day moving average price of $121.13. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.00.
Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The bank reported $2.69 EPS for the quarter, beating analysts' consensus estimates of $2.52 by $0.17. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. The firm had revenue of $643.11 million for the quarter, compared to analyst estimates of $643.11 million. During the same quarter in the previous year, the company posted $2.89 EPS. Equities research analysts anticipate that Wintrust Financial Co. will post 10.36 EPS for the current fiscal year.
Wintrust Financial Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, May 8th. This represents a $2.00 annualized dividend and a yield of 1.65%. Wintrust Financial's payout ratio is 19.78%.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on WTFC shares. Wall Street Zen upgraded Wintrust Financial from a "sell" rating to a "hold" rating in a research report on Tuesday, April 29th. Jefferies Financial Group set a $145.00 price target on shares of Wintrust Financial and gave the stock a "buy" rating in a report on Wednesday, May 21st. Barclays boosted their price objective on shares of Wintrust Financial from $138.00 to $145.00 and gave the company an "overweight" rating in a research report on Wednesday, April 23rd. Raymond James set a $143.00 price objective on Wintrust Financial and gave the stock a "strong-buy" rating in a research report on Wednesday, April 23rd. Finally, Truist Financial reduced their price objective on Wintrust Financial from $150.00 to $137.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $135.77.
Read Our Latest Stock Report on WTFC
About Wintrust Financial
(
Free Report)
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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