Westwood Holdings Group Inc. Decreases Stock Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

Westwood Holdings Group Inc. trimmed its position in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 20.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,981 shares of the bank's stock after selling 51,642 shares during the period. Westwood Holdings Group Inc. owned approximately 0.30% of Wintrust Financial worth $25,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of WTFC. Millstone Evans Group LLC purchased a new stake in Wintrust Financial during the fourth quarter valued at $43,000. Global Retirement Partners LLC raised its position in shares of Wintrust Financial by 63.5% during the 4th 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. Quarry LP purchased a new stake in shares of Wintrust Financial during the 4th quarter valued at about $78,000. UMB Bank n.a. raised its position in shares of Wintrust Financial by 32.2% during the 4th quarter. UMB Bank n.a. now owns 677 shares of the bank's stock valued at $84,000 after buying an additional 165 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in Wintrust Financial by 920.9% during the fourth quarter. Jones Financial Companies Lllp now owns 684 shares of the bank's stock valued at $85,000 after purchasing an additional 617 shares during the period. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wintrust Financial Trading Down 0.2%

NASDAQ WTFC opened at $122.05 on Tuesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01. The company has a market capitalization of $8.17 billion, a price-to-earnings ratio of 11.84 and a beta of 0.81. The company's 50-day simple moving average is $110.14 and its two-hundred day simple moving average is $122.11. Wintrust Financial Co. has a one year low of $89.10 and a one year high of $142.04.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $643.11 million. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same period last year, the company posted $2.89 earnings per share. Equities analysts forecast that Wintrust Financial Co. will post 10.36 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Royal Bank of Canada reduced their price objective on shares of Wintrust Financial from $152.00 to $135.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. DA Davidson reduced their price target on Wintrust Financial from $140.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Stephens reduced their price target on Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Raymond James set a $143.00 price target on Wintrust Financial and gave the stock a "strong-buy" rating in a report on Wednesday, April 23rd. Finally, Truist Financial reduced their target price 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 research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Wintrust Financial has a consensus rating of "Moderate Buy" and a consensus price target of $133.54.

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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