Quantinno Capital Management LP Raises Position in Wintrust Financial Co. (NASDAQ:WTFC)

Quantinno Capital Management LP grew its stake in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 23.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,587 shares of the bank's stock after purchasing an additional 4,828 shares during the quarter. Quantinno Capital Management LP's holdings in Wintrust Financial were worth $3,191,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Millstone Evans Group LLC acquired a new position in shares of Wintrust Financial during the 4th quarter worth $43,000. Global Retirement Partners LLC boosted its position in 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 purchasing an additional 146 shares during the period. Quarry LP acquired a new stake in Wintrust Financial in the fourth quarter worth about $78,000. UMB Bank n.a. increased its holdings in shares of Wintrust Financial by 32.2% in the fourth 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 lifted its position in shares of 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. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Price Performance

Wintrust Financial stock traded down $0.50 during trading on Friday, reaching $118.21. The company had a trading volume of 190,290 shares, compared to its average volume of 426,324. Wintrust Financial Co. has a 1-year low of $89.10 and a 1-year high of $142.04. The firm's 50-day simple moving average is $110.82 and its 200 day simple moving average is $122.04. 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 firm has a market capitalization of $7.91 billion, a PE ratio of 11.47 and a beta of 0.81.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its 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. The company 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 previous year, the firm posted $2.89 earnings per share. As a group, equities research analysts anticipate that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal 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 paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend was Thursday, May 8th. Wintrust Financial's payout ratio is 19.78%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WTFC. Hovde Group raised their price objective on shares of Wintrust Financial from $107.00 to $115.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 23rd. Royal Bank of Canada cut 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. Truist Financial reduced their target price 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. Wall Street Zen raised shares of Wintrust Financial from a "sell" rating to a "hold" rating in a research report on Tuesday, April 29th. Finally, Piper Sandler reissued an "above average" rating on shares of Wintrust Financial in a report on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus 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.