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

Well Done LLC lessened its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 55.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,111 shares of the bank's stock after selling 6,488 shares during the quarter. Well Done LLC's holdings in Wintrust Financial were worth $637,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wedge Capital Management L L P NC boosted its holdings in Wintrust Financial by 17.3% during the 1st quarter. Wedge Capital Management L L P NC now owns 20,231 shares of the bank's stock valued at $2,275,000 after acquiring an additional 2,986 shares during the period. Cetera Investment Advisers grew its stake 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. Simplicity Wealth LLC acquired a new position in shares of Wintrust Financial in the first quarter valued at about $567,000. Atria Investments Inc increased its holdings in shares of Wintrust Financial by 34.5% in 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, Fifth Third Bancorp boosted its stake in shares of Wintrust Financial by 87.9% in the first quarter. Fifth Third Bancorp now owns 25,049 shares of the bank's stock worth $2,817,000 after buying an additional 11,719 shares during the last quarter. Hedge funds and other institutional investors own 93.48% of the company's stock.

Wintrust Financial Stock Up 1.2%

Shares of NASDAQ WTFC opened at $118.70 on Thursday. The company has a market capitalization of $7.94 billion, a price-to-earnings ratio of 11.74 and a beta of 0.82. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 1.00. The business has a 50-day moving average of $115.10 and a two-hundred day moving average of $120.44. Wintrust Financial Corporation has a 1 year low of $89.10 and a 1 year high of $142.04.

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

Wintrust Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend was Thursday, May 8th. Wintrust Financial's dividend payout ratio (DPR) is presently 19.78%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on WTFC. DA Davidson lowered their target price on Wintrust Financial from $140.00 to $135.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Royal Bank Of Canada cut their price target on Wintrust Financial from $152.00 to $135.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Stephens cut their target price 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. Wall Street Zen raised Wintrust Financial from a "sell" rating to a "hold" rating in a research note on Tuesday, April 29th. Finally, Truist Financial dropped their price objective on Wintrust Financial from $150.00 to $137.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $135.77.

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.

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