Well Done LLC Sells 6,488 Shares of Wintrust Financial Corporation (NASDAQ:WTFC)

Well Done LLC reduced its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 55.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,111 shares of the bank's stock after selling 6,488 shares during the period. Well Done LLC's holdings in Wintrust Financial were worth $637,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Opal Wealth Advisors LLC purchased a new position in Wintrust Financial in the first quarter worth about $38,000. Millstone Evans Group LLC purchased a new position in Wintrust Financial in the fourth quarter worth about $43,000. Global Retirement Partners LLC raised its holdings in Wintrust Financial by 63.5% in the fourth quarter. Global Retirement Partners LLC now owns 376 shares of the bank's stock worth $47,000 after buying an additional 146 shares during the last quarter. Parallel Advisors LLC raised its holdings in Wintrust Financial by 33.9% in the first quarter. Parallel Advisors LLC now owns 593 shares of the bank's stock worth $67,000 after buying an additional 150 shares during the last quarter. Finally, Quarry LP purchased a new position in Wintrust Financial in the fourth quarter worth about $78,000. 93.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on WTFC. Hovde Group lifted their target price on shares of Wintrust Financial from $107.00 to $115.00 and gave the stock a "market perform" rating in a report on Wednesday, April 23rd. Raymond James Financial set a $143.00 target price on shares of Wintrust Financial and gave the stock a "strong-buy" rating in a report on Wednesday, April 23rd. Truist Financial decreased their target price on shares of 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 price target on shares of 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, Wall Street Zen upgraded shares of Wintrust Financial from a "sell" rating to a "hold" rating in a research note on Tuesday, April 29th. Three equities research 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $135.77.

Wintrust Financial Stock Performance

NASDAQ WTFC traded up $1.68 during trading hours on Friday, hitting $120.38. 658,173 shares of the company's stock traded hands, compared to its average volume of 430,325. The business's fifty day moving average price is $115.97 and its two-hundred day moving average price is $120.09. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $8.06 billion, a P/E ratio of 11.91 and a beta of 0.82. Wintrust Financial Corporation has a 52 week low of $89.10 and a 52 week high of $142.04.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its earnings results on Monday, April 21st. The bank reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.17. The company had revenue of $643.11 million during the quarter, compared to analyst estimates of $643.11 million. Wintrust Financial had a net margin of 17.32% and a return on equity of 12.00%. During the same period in the previous year, the business posted $2.89 earnings per share. Equities research analysts predict that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Wintrust Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were given a $0.50 dividend. The ex-dividend date was Thursday, May 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.66%. Wintrust Financial's payout ratio is currently 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.