Westwood Holdings Group Inc. Has $25.06 Million Position in Wintrust Financial Co. (NASDAQ:WTFC)

Westwood Holdings Group Inc. lowered its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 20.4% during the fourth quarter, according to its most recent Form 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 quarter. Westwood Holdings Group Inc. owned about 0.30% of Wintrust Financial worth $25,064,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Fifth Third Bancorp lifted its stake in Wintrust Financial by 4,145.2% during the fourth quarter. Fifth Third Bancorp now owns 13,330 shares of the bank's stock worth $1,662,000 after purchasing an additional 13,016 shares during the last quarter. KBC Group NV lifted its stake in Wintrust Financial by 1,412.8% during the fourth quarter. KBC Group NV now owns 30,393 shares of the bank's stock worth $3,790,000 after purchasing an additional 28,384 shares during the last quarter. Entropy Technologies LP bought a new stake in Wintrust Financial during the fourth quarter worth $499,000. Atria Investments Inc lifted its stake in Wintrust Financial by 34.5% during the fourth quarter. Atria Investments Inc now owns 10,926 shares of the bank's stock worth $1,363,000 after purchasing an additional 2,804 shares during the last quarter. Finally, Merit Financial Group LLC bought a new stake in Wintrust Financial during the fourth quarter worth $263,000. Institutional investors and hedge funds own 93.48% of the company's stock.

Analyst Ratings Changes

WTFC has been the subject of several recent analyst reports. 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 upgraded Wintrust Financial from a "sell" rating to a "hold" rating in a research note on Tuesday, April 29th. DA Davidson dropped their price target 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 increased their price target on Wintrust Financial from $107.00 to $115.00 and gave the company a "market perform" rating in a research note on Wednesday, April 23rd. Finally, Truist Financial dropped their price target 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 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's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $135.77.

Wintrust Financial Trading Down 0.4%

NASDAQ WTFC traded down $0.50 on Friday, reaching $118.21. The company had a trading volume of 190,290 shares, compared to its average volume of 426,324. The firm has a market cap of $7.91 billion, a price-to-earnings ratio of 11.47 and a beta of 0.81. Wintrust Financial Co. has a fifty-two week low of $89.10 and a fifty-two week high of $142.04. The business has a 50 day moving average of $110.82 and a two-hundred day moving average of $122.08. 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 posted its quarterly earnings data on Monday, April 21st. The bank reported $2.69 earnings per share for the quarter, beating analysts' consensus estimates of $2.52 by $0.17. The business had revenue of $643.11 million during the quarter, compared to the consensus estimate of $643.11 million. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same period in the prior year, the business posted $2.89 earnings per share. Analysts forecast that Wintrust Financial Co. will post 10.36 EPS for the current year.

Wintrust Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $2.00 dividend on an annualized basis and a yield of 1.69%. Wintrust Financial's payout ratio is 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.